Foreign investors put Turkey on their radar: Exceeded 10 billion dollars

Foreign investors put Turkey on their radar: Exceeded 10 billion dollars

Presidential Investment Office President Burak Dağlıoğlu evaluated the international direct investment data announced by the Central Bank of the Republic of Turkey.

Stating that the international direct investment volume to Turkey reached 10.6 billion dollars last year, Dağlıoğlu said that the Netherlands, Germany, the United Arab Emirates, Qatar, Russia, France, the United Kingdom, Ireland, the USA and Switzerland were the countries that invested the most in this period. He stated that it was.

Stating that the manufacturing sector was the sector that attracted the most international direct investments with a share of 30.7 percent last year, Dağlıoğlu said that the wholesale and retail trade sector ranked second with a share of 17.6 percent, and the finance and insurance activities sector ranked third with a share of 10.7 percent. .

Dağlıoğlu stated that they observed a contraction in global investments in the world in 2023 due to reasons such as tight monetary policies implemented by central banks and geopolitical developments, and said, “In direct investments, international direct investments in many developing economies such as Central and Eastern European countries and BRICS countries will increase in 2023 compared to the previous year. “There were declines in the range of 20-80 percent. However, starting from the beginning of 2024, signs of recovery in global investments began to emerge.” he said.

“Increasing cooperation with the Gulf region had a positive impact on investments”

Pointing to international direct investments in Turkey, Dağlıoğlu stated that when looking at the country distribution, European and Gulf countries are at the top of the list in this field.

Dağlıoğlu stated that the recent increased cooperation with the Gulf region has a positive impact on investments and said:

“When we examine the data of the last 10 years, Turkey draws attention with its investments in the wide geography covering Central and Eastern Europe (CEE), the Middle East and North Africa (MENA), especially in the manufacturing sector. In the said period, manufacturing investments in the CEE and MENA region were 21.7 percent.” “Turkey, which attracted the most manufacturing investments, became the country that attracted the most manufacturing investments. Additionally, it is the country that attracted the most expansion investments, attracting 19.1 percent of expansion-type investments since 2013.”

Stating that investments in the manufacturing industry ranked first this year, Dağlıoğlu said, “The fact that the manufacturing industry is the sector from which we attract the most investments in 2023 also coincides with the long-term trend. It is valuable that the international direct investment volume is over 10 billion dollars, despite the difficult conditions that make their effects felt on a global scale.” “I find it. 2024 started with positive signals for our economy. We observe increasing investor interest in our meetings. We are receiving positive signs that investments will increase in 2024, and the pace of investments will increase in the coming months.” said.

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