International Direct Investments to Turkey Approach Pre-Pandemic Levels
According to the latest data released by the CBRT, the total amount of international direct investment (FDI) that came to Turkey in the first nine months of 2021 amounted to 9 billion 828 million dollars
According to the latest data released by the CBRT, the total amount of international direct investment (FDI) that came to Turkey in the first nine months of 2021 amounted to 9 billion 828 million dollars, increasing by 89 percent on an annual basis. Cumulative FDI inflows for the last 12 months reached $12.1 billion. Thus, in the post-pandemic period, direct investment inflows to Turkey increased rapidly and approached pre-pandemic levels.
Wholesale and retail trade, manufacturing industry, information and communication technologies, financial services and logistics-storage activities were among the top 5 sectors that received investment in the first 3 quarters. The UK, USA, Netherlands, United Arab Emirates, Switzerland, Luxemburg, South Korea, Germany, Japan and Qatar took place in the top 10 countries as sources of investments. In this context, sectoral distribution and source country diversity expanded.
Evaluating the data, the Head of the Investment Office said, “As the Presidential Investment Office, our mission is to bring in international direct investments that create employment, contribute to technological transformation and support the current account balance. Our country is the focus of attention of global companies operating in many different sectors. In the last period; Investment statements were made in areas such as information technologies, automotive and mobility, energy, chemistry, machinery, life sciences and financial services," and continued, "Another striking area is the increasing interest of financial investors, especially venture capital funds, to our country. "While early-stage investments in technology startups, also referred to as startups, were between 100-150 million dollars annually in the past years, they reached 1 billion 411 million dollars in the first quarter of this year. We expect these investments to continue increasingly in the coming period."