FDI inflows into Turkey exceed last year’s total in nine months
Turkey received USD 12.61 billion in foreign direct investment (FDI) in January-September, up 32 percent over the same period of the previous year.
According to data from Turkey’s Central Bank, USD 791 million in FDI entered the country in September, bringing the January-September total to 12.61 billion.
The financial services sector emerged as the leading recipient of FDI in September. The top-three recipient sectors in January-September were financial services, manufacturing and energy.
Arda Ermut, the President of the Investment Support and Promotion Agency of Turkey (ISPAT), said that despite two general elections and the ongoing turmoil in some neighboring countries, Turkey has managed to increase its investment attractiveness to international investors.
“FDI into Turkey surpassed last year’s total amount in just nine months, raising our hopes to exceed 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.
FDI inflow into Turkey reached USD 12.5 billion in 2014.