Investing in Turkey yields returns: TurkTraktor CEO

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Editor : Tevfik Sayraç

Investors should consider Turkey for mid- and long-term investments, says foreign-born CEO who settled in Turkey

Investing in Turkey yields returns: TurkTraktor CEO

Turkey's investment environment is one that enables investors to get returns, according to the CEO of leading Turkish tractor maker TurkTraktor.

"Investors should invest in Turkey for the medium or long term. A number of decline periods in the short term shouldn't frighten investors because these are signs of growth," Marco Votta told Anadolu Agency.

Votta, a longtime expatriate resident of Turkey, added that Turkey can make its investment environment even more attractive if the country innovates in functionality and design.

"This can make the country stand out," he said.

TurkTraktor, a joint venture between CNH Industry and Turkish conglomerate Koc Holding, was founded in 1954. The company makes tractors, engines, transmissions, and front and rear axles.

Votta, a graduate of Bocconi University in Milan, said he has been in Turkey for more than 20 years.

"My wife is Turkish and my son was born here. I’m kind of settled here," he said.

Votta said he likes places throughout Turkey, and perhaps especially places that get less attention.

"I mean the northeastern part of Turkey such as Kars, Artvin and Igdir," he said.

"That region is original, different, and nice."

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