You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Turkey's Wealth Fund signs $5 bln (4.55 bln euro) MoU with China's Sinosure

Turkey's Wealth Fund signs $5 bln (4.55 bln euro) MoU with China's Sinosure Source: Pixabay

ANKARA (Turkey), March 26 (SeeNews) - China Export and Credit Insurance Corporation (Sinosure) will consider providing support of up to $5 billion (4.55 billion euro) to companies doing business in Turkey under a Memorandum of Understanding (MoU) signed with the Turkish sovereign wealth fund, the fund said on Thursday.

The MoU also includes Sinosure recommending Chinese companies to Turkey Wealth Fund as investors, contractors and financial institutions for projects in differenet sectors, especially in energy, petrochemicals and mining, the fund said in a post on Linkedin.

Sinosure is a state-owned insurance company established to promote China’s foreign economic and trade development and cooperation.

($ = 0.911308 euro)

Compare