Home Economy ‘Foreign direct investments in Türkiye soar to over $250B in 2 decades’

‘Foreign direct investments in Türkiye soar to over $250B in 2 decades’

‘Foreign direct investments in Türkiye soar to over $250B in 2 decades’

Türkiye has obtained overseas direct investments (FDI) value over $250 billion (TL 6.9 trillion) since 2003, the top of the Presidency’s Investment Office stated Friday, conveying the goal of attracting buyers and lifting the nation’s financial actions to a better degree within the upcoming interval.

“The targets set for the coming period and our structural reform agenda are attracting investors,” Ahmet Burak Dağlıoğlu advised Anadolu Agency’s Finance Desk.

Dağlıoğlu stated earlier than 2003, Türkiye obtained a median of 0.2% of the world’s investments, however within the interval after 2003, it attracted round 1% of the world’s investments on common yearly.

“2003 is a critical year for international investments and political stability provides a basis for this,” he underlined.

“Europe’s share in total foreign direct investments was 68% while it was 8% from the United States, 7% from Gulf countries and 14% from other Asian countries,” he stated.

He additionally identified that finance has a major share when wanting on the sectoral distribution of investments, and it’s adopted by manufacturing. He additional famous that his workplace works to boost Türkiye’s picture to the extent of funding grade and supplies free consultancy providers to worldwide firms in Türkiye.

Noting that direct investments are essential for Türkiye to be among the many world’s high 10 economies, he stated, “The important agenda of our country is to fight the current account deficit, to create employment and to ensure technological transformation.”

“We are chasing investments that will take the economic activities of our country to a higher level,” he added.

Asia and Gulf’s curiosity

Noting that Türkiye is a fast-growing nation, he stated that about one-third of the financial development within the first half of this yr got here from investments.

“Türkiye is an export-intensive country; a slowdown in demand in target countries can directly affect the investment programs of companies. In the long run, we can foresee that the share of investment in Türkiye’s growth will be high,” he stated.

He stated that with the medium-term program unveiled final month, “we have made a projection that attracts the attention of investors.”

Investors are significantly within the targets set for the approaching interval and the nation’s structural reform agenda can be essential for buyers, he harassed.

“Türkiye stands out as the most important country in the search for alternative production points for Asian countries as the reshaping of the supply chain with the pandemic and the idea of a geography closer to Europe are critical for them,” Dağlıoğlu stated.

Pointing out that many conferences had been held with the business world throughout President Recep Tayyip Erdoğan’s visits to the U.S. and the Gulf, he stated: “We see that Gulf countries have a great interest in Türkiye, of course, their investment strategies may differ.”

“We anticipate that European companies will continue to invest in the coming period,” he added.

Regarding Türkiye’s power investments, Dağlıoğlu stated with the renewable power insurance policies applied since 2006, the nation’s put in capability has elevated significantly.

He additionally underlined that the Zero Waste Project is an space that draws a number of consideration from buyers.

“With these policies developed by Türkiye, the collection of waste and its introduction into the circular economy directly affects the investment market.”

Türkiye, Dağlıoğlu stated, is “positively differentiated in the geopolitical context with its strong political leadership, rapid reaction to developments in the world, policy development and implementation, and we see this clearly from investors.”

Pointing out that sustainability, digitalization and geopolitical developments are reshaping the provision chain, he stated: “The location of geography is important, but location alone is not enough. What is important here is what we have achieved in the strategic location.”

“In 20 years, the investments we have made in infrastructure and superstructure, including logistics, energy, health, education, digital and digital infrastructure, have enabled us to become a central place,” he emphasised.

“Türkiye’s policies have enabled the integration of sectors and companies into the global supply chain,” he added.

He additionally touched upon Türkiye’s inexperienced insurance policies and sustainability agenda, noting that buyers favor the nation for sustainable investments. Dağlıoğlu additionally stated that the Investment Office had organized varied occasions to mark the one centesimal anniversary of the Turkish republic in a number of cities in Europe and Southeast Asia, noting they plan to prepare new occasions in European and Gulf nations quickly.

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