Turkey’s Foreign Direct Investment Inflows up by 50% in 1st half of Year
Foreign direct investment (FDI) from EU countries was $2.7 billion in the first 6 months of the year, a year on year increase of 61% – economic reforms and additional investment incentives were cited as the primary reasons for this increased inflow. The Netherlands was the single biggest contributor, with inflows increasing by 104% from $403 million to $821 million.
Total investment from all overseas regions amounted to $4.1 billion in the same period, a year on year increase of around 50%. Real estate investments accounted for the majority share of inflows, increasing by 34% to $2.4 billion.
Outside the EU, inflows from Gulf region countries showed the greatest year on year increase, rising by 322% to $561 million. Asian countries were the next highest regional contributor, with inflows increasing by 138% to $1.1 billion.
There are now a total of 55,639 companies established in Turkey with international capital – amongst these, 22,145 companies are from EU countries and 19,184 are from Near Eastern and Middle Eastern countries.