Türkiye final yr rose to fourth place in Europe in attracting essentially the most worldwide funding tasks, in keeping with the Turkish Presidency Investment Office.
“Türkiye has become a prominent destination for investors with its strategic location and strong investment environment. The $10.6 billion in international direct investment we attracted in 2023 is the most concrete sign of this success,” stated Burak Daglioglu, the workplace’s head.
A report by audit and consulting agency EY discovered a major fall from the earlier yr in international direct funding (FDI) tasks in Europe for the primary time for the reason that pandemic, blamed on elements akin to low financial progress, excessive inflation, rising vitality costs, and geopolitical dangers, he stated.
He stated 5,694 funding tasks have been introduced in Europe, down 4% from the earlier yr.
The variety of tasks in Europe was 11% beneath its stage in 2019 and 14% beneath the 2017 peak, in keeping with Daglioglu.
“International direct investment projects in the service sectors dropped significantly, while the fall in the manufacturing sector was limited to 1%,” he stated.
Daglioglu added that France led in attracting essentially the most tasks final yr however noticed a 5% decline from 2022. The UK, in second place, noticed a 6% annual rise in tasks, whereas Germany, at third, suffered a steep 12% drop in venture numbers.
-Türkiye jumped from fifth place to third
Daglioglu stated Türkiye has maintained its regular rise in attracting essentially the most worldwide direct funding in Europe within the post-pandemic interval.
“Türkiye ranked seventh within the European league in 2020 and fifth in 2022. The nation rose to fourth among the many high 10 nations, attracting 375 worldwide direct funding tasks in 2023. With a 17% rise from the earlier yr, Türkiye additionally ranked first among the many high 10 nations when it comes to progress in 2023.
“While there was an overall drop in the number of manufacturing projects across the continent, the restructuring of supply chains and factors such as supply from nearby countries enabled a few continental countries, including Türkiye, to attract more manufacturing projects,” he famous.
-‘High-level funding expertise for world traders’
Daglioglu underlined that Türkiye is a horny funding vacation spot on the world stage, as it really works to supply a high-level funding expertise to worldwide traders who come to the nation.
“Despite the slowing investment trend across Europe, Türkiye has become an attractive center for international investors by strengthening its infrastructure and diversifying its economy. We find it extremely positive that we have overtaken Spain and settled in fourth place after France, Britain, and Germany,” he stated.
Daglioglu stated Türkiye has persistently maintained its main place in investments, notably within the manufacturing sector, throughout Central and Eastern Europe, the Mideast, and North Africa over the previous decade.
“We’re the country that attracts the most manufacturing investments, attracting 21.7% of manufacturing investments in these regions. Since 2013, we’ve also been the top country in attracting the most expansion investments, drawing 19.1% of expansion investments,” he stated.
Source: www.anews.com.tr