Turkey has set ambitious goals to be reached by 2023, which represents the first centennial of the formation of the republic. Key 2023 targets include: becoming one of the top 10 economies in the world; achieving a GDP of $2trn and a per capita income of $25,000; and increasing exports to $500bn and foreign trade volume to $1trn. In addition to...
The Middle East Legal Framework
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Articles & Analysis | Setting the foundation: Legislative reforms in support of the 2023 development goals from The Report: Turkey 2013
Interviews & Viewpoints | Ümit Hergüner, Senior Partner, Hergüner Bilgen Özeke, on creating an investment environment to meet centennial goals from The Report: Turkey 2013
Since the turn of the century, Turkey’s focus has been on its upcoming centennial. Now that we are a decade away from 2023, we can reasonably forecast where we might find ourselves in that year. Moreover, we can lay out our desired ends and consider the best course to achieve them. Having regained its economic and political stability, Turkey now aims to become a major...
Chapter | Legal Framework from The Report: Turkey 2013
This chapter features an overview of Turkey’s legal framework. Subjects include structural reforms, corporate governance, inter-governmental agreements, bankruptcy protection, and reforms in finance. OBG partner, Ümıt Hergüner, Senior Partner of Hergüner Bılgen Özeke, also offers a viewpoint on creating an investment environment to meet Turkey’s centennial goals.
At an average of 5.1% between 2003 and 2012, Turkey has experienced one of the world’s highest growth rates over the past decade. This was accompanied by drops in joblessness and poverty, as well as gains in school enrolment, home ownership and life expectancy.
Interviews & Viewpoints | Robert W Jordan, Partner in Charge of the Middle East, Baker Botts, and Former US Ambassador to Saudi Arabia, on women’s education from The Report: Saudi Arabia 2013
Saudi Arabia has adopted a long-term strategic policy of economic diversification, from an economy purely based on oil revenues to the development of a knowledge-based economy. The success of this policy will largely depend upon the ability and willingness of the country to educate, train and utilise the skills of all its citizens, including its women. Recognising this...
Articles & Analysis | Open for investment: Regulations relating to foreign investors from The Report: Saudi Arabia 2013
Since Saudi Arabia’s accession to the World Trade Organisation in December 2005, the government has made significant progress towards developing and maintaining policies that favour an open legal and business environment amenable to foreign capital investment. Many of the Kingdom’s economic sectors have been opened to foreign investment such...