Turkish clothing and home textile industries have had a significant role in the world’s clothing and home textile markets in the last two decades. And, in Turkey, apparel sector is the second biggest sector following the automotive sector with a share of 12,4% (17 billion $ exports in 2017). The clothing and textile industry is largely based on cotton and domestic output does not fully meet demand, which makes Turkey the world's third-largest cotton importer. Meanwhile, about 8% of the cotton traded in the world market is harvested in Sub-Saharan Africa which has much more planting capacity with a competitive advantage due to the duty-free access of exports to the large US market. In this regard, Turkey can provide technology and vocational education to increase this percentage and gain mutual benefit. Within the Forum program, the topic of “Africa’s position in the changing pattern of international textile trade and Turkey’s potential collaboration” will be discussed by keynote speakers to promote investment and joint ventures in textile sector.
In 2016, Turkey was the 10th most popular tourist destination in the world according to UNWTO. And, the number of foreign travelers arriving in Turkey in 2017 was 38.6 million. 165 hotel chains and groups have currently 824 hotels in Turkey and 82 percent of these hotels are domestically owned. There are also several Turkish hotel chains with global sustainable tourism standards. Meanwhile, hotel supply in Africa remains unbranded and there is an undersupply of quality accommodation. 100 million arrivals to Africa today are expected to grow to 150 million by 2027. Besides, today 42% of Africa’s one billion people live in cities and consumer and business purchasing power has been continuously increasing. In this context, Turkish hotel investors can meet this high need of accommodation and offer hotel management services as well as vocational education. Furthermore, Turkish contracting companies could also offer engineering and construction services for tourism infrastructure in Africa. Within the Forum program, the topic of “The future of tourism Africa in next 10 years: infrastructure, investment and technology & management by Turkish hotel chains” will be discussed by keynote speakers in the sectors to promote new investment areas and global branding.
Sustainable development requires being well-equipped with proper well-functioning regional and national infrastructure to provide access to health care, electricity and education, jobs and markets. It is crucial to develop strategies and projects for supporting economic growth. In 2017, Turkey ranked second for the number of contracting companies building the largest volume of projects across the world outside their home countries for the 10th year in a row, according to the latest list of the world’s “top 250 contractors” by the magazine Engineering News Record (ENR). Turkish contractors experienced with PPP projects are also amongst the major undertakers in Africa. Share of African countries in the overall international business volume of Turkish contractors is around 21 percent (share of North Africa is 19%). Turkish contractors so far have undertaken in the continent over 1.150 projects which worth 55 billion USD. Meanwhile, rapid urbanization in Africa requires urgent need for housing, infrastructure and electricity. In 2017, the greatest number of projects valued at 50 million USD or above (303 projects worth 307 billion USD) in Africa fall into the Transport sector (36%), followed by Real Estate (22.4%), Energy & Power (19.1%) and Shipping & Ports (7.9%). On the other hand, most of these projects experience cost overruns. In this regard, Turkish contractors and energy companies can keep projects on budget and on time as well as offering knowledge-driven solutions for complex construction projects. Within the Forum program, the topic of “Collaboration between Turkey and Africa on Construction, Infrastructure and Energy” will be discussed by the company executives and representatives of related institutions to promote opportunities and major PPP projects with financial instruments.
Increased investment and industrialization would help to unlock the potential for sustainable and inclusive growth, job creation and poverty reduction. The relationship between investment and infrastructure is also bi-directional. And, in order to encourage bilateral trade, joint ventures and investment, it is necessary to create different instruments for providing trade and investment finance with incentives. The identification of effective financing approaches and the range of incentives could broaden the financing options available for infrastructure projects at lower cost. Filling trade information gaps is also important so as to create more trade opportunities. In this regard, this panel would promote engaged and informed dialogue among stakeholders (policy makers, development partners and investors) on developing new approaches to finance projects in Africa. The panel focusing on “Financing of Trade and Investment in Africa” will gather representatives of African Development Bank, Afreximbank, Turkish Eximbank and other financial institutions to promote their services and financing solutions.
In this session, Turkish company executives who have successfully completed PPP projects in Africa and invest in Africa countries in various sectors will share their experiences with priorities, challenges and opportunities of investing in Africa. Further, African companies which has high volume of trade with Turkey and joint ventures will share their experiences