Dünya - Turkey managed to attract USD 15.7 billion of foreign direct investment (FDI) in 2011, despite the economic and political volatility raging around it. The amount of investments channeled into Turkey last year, including real estate acquisitions and loans injected into local firms from foreign partners, has increased by 74 percent over 2010.
With the outgoing FDI taken into consideration, the net amount of foreign capital Turkey received in 2011 stood at USD 13.4 billion, corresponding to an increase of 77 percent over 2010’s USD 7.5 billion.
Surpassing the USD 10 billion-threshold by a large margin, last year’s FDI total is the highest amount recorded in the past three years, following the outbreak of the global financial crisis in the second half of 2008. Net FDI inflow dropped sharply to less than USD 7 billion from 2008’s USD 17 billion before climbing up to USD 7.5 billion the following year.