Turkey monetizes Libya, taking back what invested in the war and pouring private companies in Misrata. Ankara uses Libyan money to fund its own economy and to continue the war effort, transferring Siryan mercenaries into Libya.
Turkey monetizes Misrata
Turkey put huge sums in Libya as part of a bigger geopolitical game and now wants to take back what invested. According to what released by RFI Afrique, Karanfil Construction, a Turkish Building Project Management company has big interests in the land south of Misrata. Sinan Kaya, president of Karanfil Construction, declared that despite “the company has been in Libya for a short time, we are considering many projects”. However, it appears that just the Turkish company will benefit of these projects. In fact, Kaya adds “the factory is nearing completion, we are just waiting for a final load from Turkey“. According to RFI Afrique “Turkish companies are hungry“. Besides that, “Turkey, after its military engagement alongside the Government of National Unity in Tripoli, fully intends to reap the fruits of this support.” After the fighting, the infrastructures were destroyed and Turkey wants the gain profit out of the reconstruction.
“Turks are strangling our economy”
On the other hand, Libyan businessmen are not happy. A wealthy Libyan citizen who lives in Tripoli but invests in Misrata complained that “we do not like their [Turks] behaviors; they pretend to be partners but indeed are strangling Libyan companies“.
Where does the money flows?
Turkey is spending Libyan money to pursue its geopolitical grandness. The site Africa intelligence reported that “Prime Education, a company owned by Tevfik Sekerci, was contracted to train pilots and civil aviation executives. Instead, it invested most of the €18m the state-owned EACS gave it in Istanbul-based land and property funds.”
As a result, the judiciary is investigating the event. The economic turmoil Turkey is experiencing since 2018 has expanded and deepened during the pandemic. Ankara finances are strained and the poverty level is rocketing.
Mismanagement and the COVID-19 pandemic stranded Turkey economy. On the right a child in Instabul.
Libyan money for Turkish war (s).
All said brings to new ways used to pay for the war . According to a Syrian mercenary “our salaries come from Libyan funds”. This implies that Turkish companies divert Libyan funds to support the Turkish war effort. It is not a mistery that Turkey has been struggling to pay Siryan mercenaries to fight in Libya. Moreover, powerbrokers all over the world use real estate and fictitious companies to generate flows of money than channeled to other fields. The case of Prime Limited could just be the top of the iceberg. In conclusion, the central issue is: does Turkey pay also for other proxy wars?
Turkey obviously monetizes Libya.
