Foreign direct investment inflows into Turkey increase 32 percent
by Şeyma Eraz
ISTANBULNov 12, 2015 - 12:00 am GMT+3
by Şeyma Eraz
Nov 12, 2015 12:00 am
Foreign direct investment (FDI) inflows into Turkey have exceeded last year's total during the first nine months of 2015. The country has received $12.6 billion in FDI in the January-September period, up 32 percent over a year earlier.
According to data collected from the Central Bank of the Republic of Turkey (CBRT) $791 million of FDI has been channeled into the country in September, bringing the January-September total to $12.6 billion.
Commenting on the latest trends in FDI into Turkey, Arda Ermut, the President of Investment Support and Promotion Agency of Turkey (ISPAT) said that despite the two general elections occurring within a short period and the ongoing turmoil in some of the neighboring countries, Turkey had managed to increase its investment appeal in the eyes of the international investors.
"The FDI into Turkey has surpassed last year's total amount in just nine months, raising our hopes to exceed the year-end expectations. The results of the November elections clearly demonstrate our nation's strong inclination towards stability while highlighting Turkey's position as an ideal investment destination. These developments will reflect better on FDI figures in the coming months", the ISPAT President noted.
The financial services emerged as the leading recipient of FDI in September, while the top recipient sectors in the January-September period were financial services, manufacturing and energy, respectively.