Head of the Presidential Investment Office, Burak Daglioglu, pointed out that Turkiye rose to the 4th place in Europe with the international investment projects it attracted last year.
Head of the Presidential Investment Office, Burak Daglioglu, pointed out that Turkiye rose to the 4th place in Europe with the international investment projects it attracted last year. “Turkiye has become a prominent destination for investors with its strategic location and strong investment environment. The $10.6 billion international direct investment we attracted in 2023 is the most concrete indicator of this success.”
Daglioglu made an evaluation to the AA correspondent about the preliminary results of the report on the countries attracting the most International Direct Investment (UDY) in Europe, which will be published by the audit and consultancy firm EY for 2023.
Accordingly, Daglioglu stated that there was a decrease in FDI projects compared to the previous year for the first time after the Covid-19 epidemic in Europe, and said that low economic growth, high inflation, increasing energy prices and geopolitical risks were behind this decrease. Daglioglu stated that 5,694 investment projects were announced in Europe last year, with a decrease of 4% compared to the previous year. Stating that with this number of projects, Europe remained 11% below the 2019 level before the Covid-19 outbreak and 14% below the peak in 2017, Daglioglu said, “While international direct investment projects in the service sectors decreased significantly, the decrease in the manufacturing sector was limited to 1%.”
Daglioglu stated that although France attracted the most projects last year, it experienced a 5% decrease compared to 2022, and that the number of projects of the United Kingdom, which ranked second, increased by 6% annually, and the number of projects of Germany, which ranked third, decreased by 12% annually.
“Turkiye ranked 5th in the most international direct investments in the previous year”
Stating that Turkiye continued its steady rise among the countries that attracted the most international direct investments in Europe in the post-epidemic period, Daglioglu continued as follows:
“Turkiye ranked 7th in the European league in 2020 and 5th in 2022. The country rose to 4th place among the top 10 countries with 375 international direct investment projects in 2023. With an increase of 17 percent compared to the previous year, Turkiye ranked 1st among the top 10 countries in 2023 in terms of increase rate. While there was a total decrease in the number of manufacturing projects across the continent, factors such as restructuring of supply chains and supply from nearby countries enabled a few continental countries, including Turkiye, to attract more manufacturing projects.”
“We work to offer international investors a high-level investment experience”
Daglioglu stated that they are working to underline that Turkiye is an attractive investment destination at the global level and to offer a high-level investment experience to international investors coming to the country, adding:
“Turkiye has become a prominent destination for investors with its strategic location and strong investment environment. The $10.6 billion international direct investment we attracted in 2023 is the most concrete indicator of this success. Despite slowing investment trends across Europe, Turkiye has become an attractive center for international investors by strengthening its infrastructure and diversifying its economy. We find it extremely positive for the coming period that we have left Spain behind and ranked fourth after France, England and Germany.”
Daglioglu explained that, looking at the last 10 years, Turkiye has maintained its leading position in a wide geography covering Central and Eastern Europe, the Middle East and North Africa, especially in investments in the manufacturing sector. “We became the country that attracted the most manufacturing investments, attracting 21.7 percent of the manufacturing investments in these regions. We also rank first as the country that attracted the most expansion investments, attracting 19.1 percent of the expansion-type investments realized since 2013.”
Source: AA / Prepared by Irem Yildiz