27 Sept 2025, Singapore – In a significant stride to boost trade and investment ties between Turkey and Singapore, a luncheon was co‑organised last week between the Turkish Ambassador H.E. Mehmet Burçin Gönenli and Azimut Group. Azimut is a global, independent financial services powerhouse headquartered in Milan, Italy. Listed on the Milan Stock Exchange (ticker AZM.IM), it specializes in asset management, wealth management, investment banking, and fintech, with a strong presence across 18 countries.

The invitation‑only event brought together accredited investors from leading firms including Tricor Group, Gaorong Capital, and TVM Capital Healthcare. Sincere thanks are extended to Ambassador Burçin Gönenli for gracing the occasion and to Leonard Lim, head of Azimut Singapore for the unwavering support.

Turkey, home to over 85 million people, is an upper‑middle‑income emerging market with a diversified economy. It ranks as the 16th‑largest by nominal GDP and 12th by PPP in the world, with a GDP per capita (PPP) of around $42,400 in 2025. Services account for 61 % of the economy, industry 32 % and agriculture 7 %. Main industrial pillars include automotive, electronics, textiles, construction, steel, mining, machinery and food processing; textiles and soft commodities remain strategic anchors. After a period of economic turbulence, Turkey saw GDP growth of 3.2 % in 2024 and is expected to grow around 2.8–3.1 % in 2025, while inflation has eased to approximately 35 % in mid‑2025 thanks to orthodox macroeconomic policies.

“Singapore and Turkey share a history of strong commercial collaboration,” said Ambassador Burçin Gönenli. “This luncheon reinforces our commitment to deepen investment flows and foster new partnerships across sectors such as textiles, healthcare and technology. We look forward to growing with our Singaporean partners.”

This event further cements commitment to leveraging Turkey’s dynamic market and evolving trade landscape.