The flow of direct foreign investment (PIIs) in Turkey for the first six months of this year amounted to $ 4.8 billion.
This was announced by Anadolu by the head of the International Association of Investors (Yed) Engin Axa.
“Turkey seeks to get a share of 1.5 percent of the global tributaries of the PII. The current indicator does not fully reflect the potential of Turkey,” he said.
Axu noted that $ 2.5 billion from foreign investment is an influx of capital, for example, as a result of mergers, acquisitions or startups.
“According to our forecasts, macroeconomic stability and improvement of the regulatory framework in the next six months will attract an additional influx of investment capital in the amount of at least $ 7.1 billion,” he said.
According to Ax, the European Union with a share of 59 percent leads in terms of the influx of direct foreign investment in Turkey.
“In fact, we see that this general trend remains in the first 6 months of the current year. The EU countries continued to be the first register of the source of the tributary of capital to Turkey with a share of 56 percent,” he stressed.
The head of YASED specified that the Netherlands accounts for 23 percent of the total flow of PII, the share of Russia – 15 percent, the UAE – 13 percent, Germany and Ireland – 7 percent.
The leading sectors of the influx of investment capital in the first 6 months of 2023, according to the axus, became wholesale and retail trade and electricity production.
The head of YASED noted that international companies when choosing a country for investment take into account the scale of the market, human resources, costs, infrastructure and logistics, taxes and benefits, regulatory framework, suitability of investment, indicators of economic and political risk.