Michael Evans, president of Chinese e-commerce giant Alibaba Group Holding Ltd, has announced plans for an investment of more than $1 billion into a logistics hub at Istanbul Airport and a data centre close to Ankara, the capital of Turkey
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In an interview with Turkey’s Sabah newspaper, Evans stated that the company was planning to invest in Europe and the Middle East, and he views Turkey as a very strong production base.
Source: Google
Evans expressed that Istanbul Airport is the site of a major investment plan, including an evaluation of e-export plans to Europe, the Middle East, and the Far East. This endeavor is slated to have an investment of over $1 billion.
Alibaba is a major investor in Trendyol, a prominent e-commerce platform in Turkey.
He stated that the selection of Trendyol was due to its advanced technology and its potential to expand, expressing their intention to make it a center for both Europe and the Middle East.