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Turkey is the most active in promoting foreign direct investment

Turkey is  the most active in promoting foreign direct investment

Turkey encourages investment
The World Investment Report 2017, issued by the United Nations Conference on Trade and Development (UNCTAD), said last Wednesday that Turkey, which was able to attract $ 12.3 billion in foreign direct investment in 2016, was the most active in promoting investments.

Over the past 15 years, Turkey has focused on increasing foreign direct investment (FDI). Despite the global decline in investment and turbulence in the region during 2016, Turkey has attracted nearly $ 12.3 billion in foreign direct investment, Signed investment agreements with several countries around the world.

Foreign direct investment flows to Turkey amounted to nearly $ 12 billion. Unlike most countries in the region that rely heavily on oil, manufacturing has accounted for about half of all foreign investment flows to Turkey in recent years, reflecting the country’s diverse industrial structure, the report.

“The World Investment Report shows that advanced and emerging economies have seen a decline in attracting foreign direct investment in 2016,” said Erda Ermut, head of the Turkish Investment Promotion and Promotion Agency. “Despite all the negative developments, Turkey attracted about 12.3 Billion dollars of foreign direct investment during the same year, and green field investments, which contribute significantly to economic development, employment and industry, increased by 55 percent. ”

Ermut stressed that Turkey is a major tourist destination for international investors, thanks to the high proportion of youth among its population, its dynamic economy growing strongly, and its strategic location, which provides easy access to world markets.

According to the World Investment Report 2017, global foreign direct investment (FDI) in 2016 fell by 2 percent from the year before, to about $ 1.75 trillion.

The report notes that Turkey was the most active country in the attempt to attract foreign direct investment, as it signed seven international investment agreements in the field of investment promotion and protection, followed by Canada, Morocco and the UAE with four international investment agreements each, , And Nigeria with three international investment agreements each.

Source: Turk Press

 

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