Dunya - Foreign direct investments (FDI) into Turkey are expected to reach USD 12 billion by the end of the year, according to a recent survey conducted by the International Investors Association (YASED). YASED’s second Barometer Survey 2011, conducted semi-annually, has found out that international investors in Turkey are optimistic about the general economic environment and most have reached their goals in terms of turnover, production, profitability and market share in the first six months of the year.
Turkey’s growing need for energy is likely to drive the majority of foreign investments to the energy sector as the survey points out, followed by financial services, healthcare, automotive, food-agriculture, retailing, R&D and ICT, respectively. Participating investors in the country state Turkey’s large domestic market, skilled labor force and logistically strategic location as key factors in their decision making.
Foreign investors foresee slowing growth for the global economy while remaining optimistic about Turkey’s investment environment. A large portion of the surveyed investors consider the total FDI amount for 2011 to be between USD 9 billion and USD 12 billion and more participants are planning new investments in the coming months when compared with the results of the first Barometer Survey conducted early this year.