Press release

Seychelles Investment Forum. ( Istanbul, Turkey )

August 28, 2012


The Seychelles Investment Board in partnership with the Confederation of Businessmen and Industrialists of Turkey (TUSKON), is hosting an edition of the Seychelles International Investment Forum in Istanbul,Turkey on the 28th of September 2012 at the Grand Cevahir Hotel located in the heart of the city.  The event follows the high level parliamentarian visit of late last year where the Turkish business community demonstrated significant interest to develop further economic activities between Seychelles and Turkey.

Turkey experienced severe financial crisis in 2001 and Ankara adopted financial and fiscal reforms as part of an IMF program. The reforms strengthened Turkey’s economic fundamentals and ushered in an era of strong growth – averaging more than 6% annually until 2008. Global economic conditions and tighter fiscal policy caused GDP to contract in 2009, but Turkey’s well-regulated financial markets and banking system helped the country weather the global financial crisis and GDP rebounded strongly to 8.2% in 2010, as exports returned to normal levels following the recession.

Turkey has become one of the 10 most performing economies in the world and it is timely and strategic to tap into this market which remains one of high potential for FDI, trade activities and Seychelles offshore products.

The Seychelles delegation will comprise of Private sector representatives and key Government officials delivering presentations on the economic landscape of the Seychelles, business legislations and regulations in place, products and business opportunities on offer.  The Chief Executive Officer of the Seychelles Investment Board, Mrs. Sherin Renaud, stands convinced that the forum being organized in Turkey is one where immediate benefits can be achieved from Turkey’s extensive and robust trade activities.  She added that Turkey is a key exporter of high quality and low costs goods and products in Europe and this can be further extended to the African continent by using the Seychelles as a platform.  Mrs. Renaud added that Seychelles is positioning itself on the center stage at a point of increasing trade and investment potentials between Africa and the growing and demanding emerging markets of the Far East that is being given a substantive new lease of life. 

It is to be noted that Seychelles has for the past years enjoy very good relationship with Turkey.  

The Seychelles Investment Board does recognize the need to be more proactive and assertive in its approach to ensure a well-balanced partnership between local and foreign Investors, and be innovative in creating platform where foreign and local investors can together partner in strengthening the Seychelles economy and the wellbeing of its people.  As rightly put by the Head of the IMF in one of her recent mission in Asia “in a time when the economic growth of the world is slowing down only the proactive economies and countries that are willing to take calculative risk will survive and sustain economic stability and growth” a quote mutually shared by the Board. 

Any business operators willing to participate and network at this Forum should contact the Promotion unit of the SIB not later than the 15th of September 2012. 

Email   Phone Number: +248 4295500