After the failed coup attempt on July 15, U.S. companies have decided to further increase their investment capacity in Turkey, according to the head of Turkish-American Business Association.
According to Anadolu Agency, Turkish-American Business Association American-Chamber of Commerce (TABA-AmCham) Chairman Bora Gürçay said four large U.S. firms with investment plans for the second half of 2016 have not made any negative changes to their plans, and added: "They are even thinking of how to take their investments further in Turkey."
"When these developments were taking place, there was a panic atmosphere within the foreign investment firms. However, after people went out on the streets to protest, the foreign investors said if people can go out on the streets to defend democracy, we can make further permanent investments here," Gürçay said.
Gürçay, who is also the manager of Motorola Solutions in Turkey, said that his company has decided to speed up their investments in Turkey.
"We see that Turkey is an important country for the region and our investments are in safe hands here. A U.S. firm likes to see that its investments are in safe hands when they invest in a country," he added.