Turkish joint venture invest big in China

Turkish joint venture invest big in China

SHENYANG, China - Anatolia News Agency
Turkish joint venture invest big in China

Some 15 Turkish engineers are working at the construction of Shenyang Plaza, China. AA photo

Star Mall, the $250 million joint project by Turkish Mall and Fiba Holding, is set to open its giant shopping center in Shenyang in northeastern China by early December, according to Chief Executive Bülent Ulusoy.

“We want to crown the 40th anniversary of diplomatic relations between the two countries with Turkey’s biggest investment in China,” Ulusoy told the Anatolia news agency.

Seventy-five percent of the stores in the 116,500-square-meter Shenyang Plaza mall have already been rented, the chief executive said.

“We want more Turkish retailers here,” Ulusay said, adding that a small number of Turkish retailers are among the foreign brands that have signed contracts. These retailers include: Zara, Zara Home, Stradivarius, Beshka, Pull & Bear, Oysho, Massimo Dutti, GAP, Mothercare, Vero Moda, Only, Jack Jones, Sephora, Starbucks, Robbinz Department Store, H&M, Lens Crafters and GOME.

Some 15 Turkish engineers and 1,037 Chinese people are working on the construction, he said.

Shenyang is the capital and largest city in Liaoning province in northeast China.


Çaykur, a leading Turkish tea producer, will export tea to China, famous as the origin of tea, General Manager İmdat Sütlüoğlu said in a recent interview.

The company made the decision after participating in the first China-Eurasia Expo in Urumqi, the capital of China’s Xinjiang Uygur Autonomous Region, organized between Sept. 1 and 5. Turkish tea attracted great interest at the fair visited by about 600,000 people, Sütlüoğlu said.

“People liked the tea we served and asked us where they could buy it. We will prove that we know how to sell tea to ‘tea’s mother land’ – China,” he said, adding that the tea is healthy and of good quality as it is not disinfected in production. He said Çaykur would sell tea to China and that they would conduct campaigns for the promotion of Turkish tea throughout the country