8/24/2009

A worldwide campaign to attract FDI into Turkey is underway

Today’s Zaman - Turkey has launched a serious drive to attract foreign investments. Efforts to attract foreign investments and incentives have been very professional so far. The Investment Support and Promotion Agency of Turkey (ISPAT) has been working feverishly since its establishment. Within just two years, they have obtained the services of some of the world's most powerful CEOs and bosses as consultants. Some of these are princes in their own countries and others are among the richest people in the world. The efforts have already yielded their fruits. While in the previous 30 years USD 18 billion worth of foreign capital came into the country, in the last five years this figure has skyrocketed to USD 73 billion. This success did not come as a result of mere luck. Alpaslan Korkmaz, President of the Investment Support and Promotion Agency of Turkey (ISPAT), summarizes his efforts, saying, “I am setting up a very strong team for attracting investors throughout the world.” Turkey will start a comprehensive worldwide campaign next month to attract foreign investment, promoting the benefits of investing in Turkey to media organizations in 70 countries. The amount of foreign direct investment in Turkey is expected to reach USD 10 billion in 2009 - the year when the global financial crisis reached an all-time peak.

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