Turkey at­tracts some $5.4B int’l in­vest­ments in Jan-July

Dünya Executive - - OVERVIEW -

Turkey at­tracted $5.42 bil­lion in net in­ter­na­tional di­rect in­vest­ment from Jan­uary to July this year, the In­dus­try and Tech­nol­ogy Min­istry an­nounced Septem­ber 24. In seven months, the sum of net for­eign di­rect in­vest­ment (FDI) recorded a 13.3 per­cent de­cline year-on-year, com­pared with $6.25 bil­lion in the same pe­riod of 2018. As the lead­ing item on the over­seas di­rect in­vest­ment ac­count, eq­uity in­vest­ment di­rect in­flow to Turkey was around $3.6 bil­lion. The EU was the main ori­gin with a 50.2 per­cent share. The U.K. ($631 mil­lion), the Nether­lands ($438 mil­lion) and Ger­many ($189 mil­lion) were the top three Euro­pean sources of di­rect cap­i­tal in­flow over the same pe­riod. “In Jan­uary-July this year, $1.04 bil­lion of the to­tal eq­uity cap­i­tal en­try was in the man­u­fac­tur­ing sec­tor,” the min­istry said. It was fol­lowed by the fi­nan­cial in­ter­me­di­a­tion sec­tor with $729 mil­lion and the whole­sale and re­tail trade sec­tor with $597 mil­lion. Last year, Turkey at­tracted $13 bil­lion in net in­ter­na­tional di­rect in­vest­ment, nearly $6.7 bil­lion of which was eq­uity in­vest­ment in­flow.

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