Türkiye continues to attract global financial institutions seeking to expand their international footprint and connect with one of the world's most dynamic markets. In a strong vote of confidence in Türkiye's investment environment, Mashreq—one of the leading banks in the Middle East and North Africa—has opened a representative office in the country.
This new office marks a significant milestone in Türkiye's emergence as a regional financial hub and gateway between continents. For decades, Türkiye has fostered a resilient banking sector, advanced capital markets, and a diversified economy—offering a compelling proposition for international players. Mashreq's decision to establish an on-the-ground presence further reinforces Türkiye's position as a strategic partner in the global financial system.
The UAE-based bank has long been active in the Turkish market, working with financial institutions and corporates to support syndicated loans, trade finance, and cross-border capital flows. It has also played a key role in major bond issuances by Turkish banks, connecting local borrowers with global investors. With the launch of its Türkiye office, Mashreq is now positioned to deliver more tailored solutions and deepen collaboration across key financial services.
Commenting on the expansion, Mashreq Group Chief Executive Officer Ahmed Abdelaal emphasized Türkiye's strategic importance within the bank's global vision: “Our entry into Türkiye is a strategic advancement that reinforces Mashreq's commitment to building meaningful partnerships across high-growth markets. Türkiye's unique geopolitical position, vibrant economy, and strong commercial ties with the UAE offer tremendous potential for mutual growth. This new chapter will allow us to provide best-in-class financial services to Turkish clients while driving our shared vision for sustainable, diversified economic cooperation."
Mashreq Group Head of Corporate and Investment Banking Joel Van Dusen highlighted the benefits of a direct presence in Türkiye: “Opening a representative office in Türkiye enables us to work more closely with clients in one of the region's most strategically located markets. With an on-the-ground presence, we can deliver more agile and customized financial solutions in areas such as trade finance, treasury, and capital markets. Backed by Mashreq's global expertise and digital-first approach, we aim to support Türkiye's dynamic financial ecosystem and foster greater cross-border economic activity."
This move comes at a time of deepening economic ties between Türkiye and the United Arab Emirates. Bilateral trade exceeded USD 20 billion in 2024, and the Comprehensive Economic Partnership Agreement (CEPA), signed in 2023, is expected to boost non-oil trade to USD 40 billion by 2031. Türkiye's status as one of Europe's top manufacturing hubs—and its integration into regional and global value chains—makes it a natural partner for international financial institutions seeking to expand in the region.