Business

Foreign direct investment to Turkiye increased by 21% in the first half

Foreign Direct Investments (FDI) to Turkiye reached $5.5 billion in the first half of the year, an increase of 21% compared to the same period of the previous year.

According to the written statement made by the Presidential Investment Office, the Central Bank of the Republic of Turkiye (CBRT) announced the FDI amount for June 2022. Accordingly, the amount of FDI arriving in Turkiye in the first 6 months of 2022 increased by 21% compared to the same period of the previous year and reached the level of $5,452 billion.

While the total FDI inflow reached $14.77 billion in the last 12 months, this amount was $14 billion in 2021.

THE MOST INVESTMENT CAME FROM THE NETHERLANDS

According to the FDI data for the first 6 months of 2022, the country that invested the most in Turkiye in this period was the Netherlands with $590 million.

According to the data, Switzerland took the second place with an investment of $513 million, and Germany took the third place with $211 million.

Looking at the sectoral breakdown, manufacturing industry and wholesale/retail trade were the sectors that attracted the most FDI with a share of 31% in the first 6 months of 2022, while information and communication technologies took the second place with a share of 11%.

“Turkiye CONTINUES TO BE THE FOCUS OF GLOBAL COMPANIES”

President of the Presidency Investment Office Burak Daglioglu, whose assessment on the subject was included in the statement, said, “Turkiye continues to be the focus of attention of global companies operating in many different sectors thanks to its strong and durable investment environment in the post-pandemic period. Thanks to our rapid adaptation to changes in the supply chain, our investors are able to offer products and services that can compete on a global scale. Under the leadership of our President, Turkiye has become a regional R&D, production, logistics and management center in the last 20 years and continues to consolidate this position with current investments.”

“INVESTED $1.4 BILLION IN 140 TRANSACTIONS TO TECHNOLOGY VENTURES”

Daglioglu said, “Another important topic is the investments received by our technology startups. In the first six months of 2022, seed, early and advanced technology startups in Turkiye received an investment of $1.4 billion in 140 transactions.”

Daglioglu stated that Turkiye, with its strong, resilient and fast-growing economy, provides access to global markets at the intersection of Europe, Asia and Africa, as well as investor-friendly policies and a large talent pool to attract sustainable FDI. “We anticipate continued investments in the axis of strengthening the supply chain and financing technology initiatives for the remainder of the year.”

Source: Sabah / Translated by Irem Yildiz

Leave a Reply

Your email address will not be published.

Back to top button