FDI inflow to Turkey doubled in Jan-May period

Dunya - Foreign direct investments (FDI) to Turkey more than doubled in the first five months of the year, reaching USD 5.6 billion over last year’s USD 2.6 billion, Minister of Economics Zafer Caglayan said.


Assessing Turkey’s performance in attracting foreign investments, Caglayan said that the figures spoke for themselves, as FDI in this period went up by 117 percent, while foreign investments in May alone amounted to USD 882 million, corresponding to an increase of 191 percent compared to a year ago.

“87 percent of the FDI Turkey attracted in January-May came from the EU,” said the Minister, underlining Turkey’s indispensible position for the Union. “The capital inflow channeled heavily into the financial services, energy and manufacturing sectors. Turkey’s huge potential in both the service and manufacturing industries is therefore evident,” Caglayan noted.

Caglayan also touched upon the already projected investments for the next three years, based on the 105 incentive certificates granted in the first five months of 2011. “We foresee USD 3.5 billion worth of incentivized investments in the next three years, creating some 6,000 jobs,” he said.

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