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6 July 2022

Khazanah’s Investments in Türkiye Underscore the Continued Strong Bilateral and Commercial Relations Between Malaysia and Türkiye

In line with its strategy to leverage its global presence and networks, Khazanah Nasional Berhad (“Khazanah”) will continue to explore potential new investments and collaboration opportunities in Türkiye, in the spirit of fostering strong bilateral ties with Malaysia.

Khazanah’s commitment to maintaining Türkiye as a strategic investment destination was made during a meeting between senior representatives of the Malaysian sovereign wealth fund and Turkey Wealth Fund (“TWF”) in Istanbul, yesterday.

Khazanah is part of the Malaysian delegation in Turkey headed by Prime Minister, Dato’ Sri Ismail Sabri Yaakob, who is on a 4-day official visit to the country at the invitation of the Turkish President, Recep Tayyip Erdoğan.

Dato’ Sri Ismail Sabri, who is also Khazanah Chairman, met with senior officials from TWF, headed by CEO and Board Member, Salim Arda Ermut, to discuss potential areas of investment and collaboration that would benefit the two countries.

Also present were Khazanah Executive Director, Corporate and Support Services, Dato’ Mohamed Nasri Sallehuddin, Khazanah Turkey Regional Office (“KTRO”) Director, Halil Ucarer, TWF Board Member, Ahmet Burak Dağlıoğlu and TWF Chief Financial Officer, Mahmut Kayacık Khazanah has a strong presence in the country, having invested over USD2.7bn in various industries through its investee companies since 2008.

Among its significant investments include Acibadem Healthcare Group, one of Türkiye’s largest private healthcare providers, through IHH Healthcare Berhad, and Istanbul Sabiha Gökçen International Airport, one of Europe’s busiest international airports, through Malaysia Airports Holdings Berhad.

In 2013, Khazanah set up KTRO to serve as a strategic node for Khazanah to further grow and strengthen its regional investments, public and private relationships, and business links in Turkey, Middle East, Africa, and Central Asia, and Europe.

Established in 2016, TWF is the strategic investment arm and the equity solutions provider of Turkey. TWF is an asset-backed development fund that focuses on the growth targets of its portfolio companies through value creation programmes, investments in key sectors, and visionary projects to further the economic development in Turkey. TWF’s portfolio comprises 27 companies across seven industries, and various real estate assets.

END



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