ISTANBUL (Reuters) -Chinese language e-commerce large Alibaba (NYSE:) Group Holding Ltd has instructed Turkish President Tayyip Erdogan it plans to speculate $2 billion in Turkey.

Michael Evans, president of Alibaba, made the feedback in a gathering with Erdogan, in accordance with an announcement from the corporate’s Turkish unit. It didn’t specify when the funding could be made.

Evans additionally stated Alibaba has invested $1.4 billion in Turkey by its unit Trendyol, one in all Turkey’s finest recognized e-commerce platforms, the assertion stated.

Erdogan is in america to attend the 78th session of the U.N. Basic Meeting.

Trendyol, whose president Caglayan Cetin additionally met with Erdogan, stated Evans shared particulars about new investments reminiscent of a knowledge centre and a logistics centre in Ankara and an export operation centre at Istanbul Airport.