Turkey picked Germany’s Siemens (SIEGn.DE) as the winning bidder for a $1 billion (762.36 million pound) wind power project on Thursday, a sign Ankara wants to keep business separate from the widening diplomatic row between the NATO allies. Relations have deteriorated amid the crackdown that followed the failed coup in Turkey last year. The arrest last month of 10 rights activists, including a German, prompted Berlin to say it would review arms deals with Turkey.
Ankara has sought to reassure German investors, saying their business in Turkey is not at risk. Germany was Turkey’s top export destination, buying $14 billion worth of Turkish goods in 2016, according to IMF data.
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