FDI into Turkey lights up the energy sector in the first half
Dünya – The majority of the foreign direct investments (FDI) that Turkey attracted during the first half of the year went into the energy sector, according to Central Bank of Turkey data.
The country attracted USD 6.3 billion of FDI in the January-June period of 2015, experiencing a drop of 9.6 percent over the same period of last year. During the first half, Turkey’s energy industry received the lion’s share with USD 1.27 billion out of a total of USD 4.35 billion of total equity capital that flowed into industrial and service sectors. Manufacturing investments came second with USD 1 billion.
Out of the total USD 6.3 billion, real estate purchases by foreigners accounted for USD 1.8 billion.
Russia, with USD 752 million, emerged as the top investor in Turkey in the first 6 months, followed by the Netherlands and China with the respective FDI amounts of USD 586 million and USD 388 million.
Turkey attracted a total of USD 12.5 billion of FDI in 2014, ranking 22nd in the world and 1st among West Asian countries according to the United Nations Conference on Trade and Development (UNCTAD).