Hurriyet Daily News - Foreign investment in Istanbul increased by 110.77 percent in 2011 from a year earlier, according to a study released by the Istanbul Chamber of Commerce (ITO). Over the same period, the total number of foreign investors increased by 52.4 percent.
Over the course of 2011, 4,693 foreign investors set up businesses in Istanbul, amounting to roughly TRY 1.7 billion of investment. The number was up from 3,044 foreign investors who invested TRY 823 million in Istanbul in 2010.
In 2011 the sector that attracted the most foreign investment was the banking and insurance sector according to the ITO’s findings. Some 81 foreign investors invested approximately TRY 916 million in the sector. The chemical/plastics and transportation sectors followed. In 2010 foreign investors invested the most in the electronics sector.
Meanwhile, the four countries that invested the most in Istanbul in 2011 were France, Iran, Germany and Scotland.