Turkey draws USD 8.9 billion of FDI in 7 months

Milliyet – The foreign direct investment (FDI) to Turkey showed no signs of slowing down despite the raging debt crisis in Europe and the political upheaval in the Middle East. The country attracted USD 8.9 billion of FDI in the first 7 months of 2012, an overwhelming majority of which, 77.4 percent, originated from Europe.

“Turkey’s position as a popular destination for foreign investors remains unchanged despite global uncertainties…” Turkey’s Minister of Economy, Zafer Caglayan remarked as he announced the FDI figures. “Eleven of the Eurozone economies are yet to return to their pre-crisis state. Despite the grim outlook in Europe, continuation of the FDI inflow to the country is a success on Turkey’s part…” he noted.

According to data revealed by Caglayan, manufacturing sector received the most of FDI in January-July period, totaling USD 3.4 billion. British investors emerged as the largest contributors to the sum of 8.9 billion with USD 1.96 billion, followed by Austrians with USD 1.42 billion and the Dutch with USD 800 million.

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