Turkey at­tracts $7B in for­eign di­rect in­vest­ment from Jan­uary to Au­gust

Turkey at­tracted nearly $7 bil­lion in di­rect in­vest­ment in the first eight months of this year and the top in­vest­ment of­fice ex­pects it to reach over $11 bil­lion by year’s end

Daily Sabah (Turkey) - - Money - IS­TAN­BUL / DAILY SABAH WITH AA

“TURKEY,” he said, “is still an at­trac­tive coun­try for in­vestors. By the end of Au­gust, Turkey at­tracted $7 bil­lion in FDI. We be­lieve the coun­try’s po­ten­tial is much higher since there is no de­crease com­pared to the same pe­riod last year, con­sid­er­ing eco­nomic de­vel­op­ment.”

Er­mut high­lighted that the pos­i­tive im­pact of struc­tural re­forms will be ob­served in the last quar­ter and in the first half of next year.

Er­mut said in light of these de­vel­op­ments, the fact that Turkey has been un- der­go­ing eco­nom­i­cally chal­leng­ing pro­cesses has not changed the per­cep­tion of Turkey in the eyes of for­eign in­vestors and that ideal po­lit­i­cal re­la­tions will al­ways be re­flected in in­vest­ments pos­i­tively.

Stress­ing that in­vestors’ pri­or­i­ties are their fig­ures, facts and fig­ures re­lated to the in­vest­ment en­vi­ron­ment, Er­mut noted that in­vestors are less likely to be af­fected by po­lit­i­cal de­vel­op­ments than some other ar­eas. “As long as we, as Turkey, con­tinue to take steps to pro­tect the at­trac­tive­ness of the in­vest­ment en­vi­ron­ment and main­tain re­form pro­cesses, struc­tural changes and eco­nomic steps, we will con­tinue to at­tract in­vest­ments to our coun­try re­gard­less of po­lit­i­cal re­la­tions,” Er­mut con­tin­ued.

More­over, Er­mut sug­gested that po­lit­i­cal de­vel­op­ments would have pos­i­tive im­pli­ca­tions in the com­ing pe­riod, re­call­ing that over the past few weeks, the pres­i­dent vis­ited the U.S. and Ger­many, which en­abled them to ob­serve U.S. in­vestors’ on­go­ing in­ter­est in Turkey. “Given the in­ter­est of Ger­man in­vestors in our round­table meet­ing in Ger­many, as well as one-on-one meet­ings, we have seen that re­la­tions with Ger­many con­tinue in the eco­nomic sense and in the in­ter­est of the in­vestors,” he added.

Er­mut said Turkey would al­ways con­tinue to at­tract in­ter­na­tional in­vestors by strength­en­ing its po­si­tion in this sense ev­ery year.

He also pointed out that a much brighter pe­riod awaits Turkey on be­half of for­eign in­vest­ments in the com­ing pe­riod and that the pos­i­tive im­pli­ca­tions of sup­port and in­cen­tive ef­forts will be re­ceived in a much shorter time.

Pres­i­dency In­vest­ment Of­fice Head Arda Er­mut said they ex­pect to ex­ceed $11 bil­lion in for­eign in­vest­ment at the end of this year.

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