Istanbul, Turkey (PRWEB) December 20, 2013
Business news outlet Worldfolio recently turned to corporate leader Wadie Habboush, CEO of the Turkey-based energy and infrastructure company Habboush Group, for his thoughts on the central role the energy sector will play in Turkey’s economic future. In particular, Habboush touched upon the growing potential for stronger economic relations between Turkey and neighboring Iraq.
“Iraq and Turkey could be the fastest growing emerging markets in the next five years,” Habboush said in the interview. “I would be delighted to see a large increase in energy cooperation and trade between Iraq and Turkey.”
Habboush Group has seen dramatic growth in recent years by being willing to take on measured risk in the oil fields of southern Iraq directed from its strategic offices in Istanbul and Dubai. Habboush points to well-established reports of Iraq’s oil and gas sector being valued at upwards of $200 billion per year, a potential market Habboush calls “the last frontier” in the world for natural resource exploration and production.
Turning to the economic fortunes of Habboush Group’s home country of Turkey, Habboush took a broad view. “If you just look at the macroeconomics, the demographics, the industrial movement and the demand for energy in Turkey, the growth potential is tremendous,” Habboush asserted.
Habboush concluded the interview on an upbeat note, encouraging skeptics to come see for themselves the progress that is being made in Iraq: “I always extend an open invitation to investors who would like to be pioneers alongside us in the growth development of this region. We believe that the region has potential for abundant cross-border growth.”
As part of the AFA Press agency, Worldfolio serves as a leading publisher of reports for key business decision-makers to help them monitor the latest global trends in the international landscape.
About Habboush Group
Habboush Group is a global, energy and infrastructure development, management and project financing enterprise executing and operating for government, institutional and FORTUNE 500 partners across the Middle East, Africa, Europe and Asia. Habboush Group is a single-source provider of strategic investment and integrated solutions in financing, development, execution and project management. Our clients have come to know us as an agile, integrated, reliable partner intent on safety, efficiency, cost saving, execution and operation of large-scale projects.
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