Foreign companies invest in Turkey due to its geographic position, strong legal infrastructure and political stability, said Siemens Turkey CEO and President Hüseyin Geliş on Thursday. Speaking at the Anadolu Agency-sponsored 21st annual International Energy and Environment Fair and Conference (ICCI 2015) in Istanbul, Geliş said foreign investors see Turkey as an ideal place to invest because of its geographic position and strong legal infrastructure. "Turkey is a trustworthy country in which to invest. Siemens has been in Turkey since 1856, and sometimes I ask myself, ‘Are we a foreign company in Turkey?' On the contrary, maybe we are a Turkish company of foreign origin. We saw Turkey's huge potential to attract foreign investment 160 years ago," Geliş said. He added that between 2002 and 2014, Turkey greatly developed, and Siemens considers Turkey's economic future bright despite the current account deficit and other economic problems. "Turkey's economy will grow in the coming years. We attach great importance to a country's economy, labor force, political environment, strategic environment and legal infrastructure before investing," he stressed.
According to Öztürk Selvitop, head of the Energy and Natural Resources Ministry's Energy Policy and Strategies Department, Turkey is a fast-growing country. "Turkey has good hydrocarbon potential, but it doesn't have natural gas or oil," Selvitop said. "We have a serious potential for renewable energy, and soon we will begin generating electricity from our [first] nuclear power plant [in Akkuyu]. Currently, Turkey is diversifying its energy sources." Turkey's economy has grown for the last 20 quarters and has attracted $145 billion in investments since 2002.
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