Abu Dhabi – Mubasher: International Holdings Company (IHC) is targeting investment opportunities in Turkey across several sectors such as healthcare, industrial, and food processing, the CEO and Managing Director of IHC, Syed Basar Shueb, told Reuters.
Shueb said that a delegation from the company is making a visit to Turkey this week to explore some investments.
"Turkey has one of the biggest food processing facilities, so we are looking into that as well," the CEO and Managing Director of IHC said in an interview with Reuters.
Meanwhile, a source in Istanbul referred that IHC is considering a minority stake in several companies, alongside some mid-size deals in several sectors.
The move comes as relations between the UAE and Turkey began to improve, and Turkey's President Tayyip Erdogan met with UAE National Security Adviser, Sheikh Tahnoun bin Zayed Al Nahyan, who is the chairman of IHC, last week.
Shueb previously told Reuters that IHC is mulling an initial public offering (IPO) for its majority-owned healthcare company, Pure Health, in 2022, in addition to a number of acquisitions worth a few billion dollars across various sectors.
