FDI inflow to Turkey may reach USD 12 billion in 2011

Zaman - A high performing economy and a record first quarter growth rate have catapulted Turkey to the forefront of emerging nations vying for foreign investments. Driven by rapid growth, foreign direct investment (FDI) inflow to Turkey is expected to reach about USD 10 billion in 2011, and depending on the global positive economic trends, it may hit USD 12 billion, according to the International Investors Association of Turkey (YASED).

Speaking at the organization’s general assembly, YASED Chairman Izzet Karaca, said that high growth is critically important in creating jobs and reducing unemployment, in reference to Turkey’s 11 percent first quarter growth. “Turkey should enjoy being the world champion of GDP growth in the first quarter,” he said.

Following the global financial crisis, foreign investments to the country are seen as picking up and FDI inflow has reached USD 4.7 billion in the first four months of the year.
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