10/30/2012

UNCTAD: Turkey’s first half FDI inflow up 20 percent

Yeni Safak - Turkey’s foreign direct investment (FDI) inflows for the first half of 2012 grew by 20.8 percent, exceeding USD 8 billion, according to a United Nations Conference on Trade and Development (UNCTAD) report. The increase made Turkey one of the few emerging nations experiencing growth in foreign investments amid an 8 percent drop in global FDI inflows in the January-June period.

 

Turkey recorded the 9th highest growth rate globally in FDI inflows according to UNCTAD data while BRIC nations (Brazil, India, China and Russia, four biggest emerging countries) are hit hard with drops in FDI inflows reaching 40 percent. When compared with European nations, Turkey came fourth in FDI increase rate, following France, Spain and Portugal.

 

Turkey attracted USD 15.9 billion of FDI in 2011, up 74 percent from 2010. An anticipated credit rating upgrade will considerably boost the country’s appeal as a foreign investment hub.

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