Despite the depreciation of the Turkish lira and global views depicting the currency as the most volatile one, the downward movement of the Turkish lira presents an opportunity for investors, as Turkey is already alluring investments with a new $20 billion Turkish-Gulf fund

Turkey is on the radar of a major international investment company as National Standard Finance, which boasts a staggering $2-trillion fund and operates in more than 70 countries, prepares to invest some $20 billion over the next four years.

The foreign investments will come through the planned Turkish-Gulf Fund, where Saudi Arabia and the North American-originated corporate capital will transfer funds to provide financing for various projects in Turkey. It will also support bilateral trade relations. National Standard Finance Chairman Russell Duke, who pioneered the establishment of the fund, shared the particulars of the investment plan in an interview with the Turkish news channel NTV.

According to Duke, the new investment plan will include both corporate capital and bilateral economic agreements between Saudi Arabia and Turkey, but there was only Saudi Arabian and North American corporate capital at the moment. Once the investment plans become clearer and more successful, other Gulf Cooperation Council (GCC) countries might also become involved. "We attach great importance to the plan as it has a part that involves the exchange of goods and services that will help Turkey close its foreign trade deficit," Duke said. The Turkish-Gulf Fund will provide a major inflow of funds to Turkey over the next few years.