Türkiye’s mining sector sees a steep increase in FDI

TRT Türk – Turkish mines and quarries are attracting increasing amounts of foreign direct investment (FDI), data from the country’s Ministry of Economy indicate. The resource-rich country received USD 446 million of FDI into its booming mining sector during the January-October period, registering an increase of 114 percent over the same period of 2013.

Türkiye possesses known deposits of 77 of the 90 marketable metals and minerals including iron, copper, zinc, lead, gold, silver, nickel, manganese, boron, coal and thorium.

The total amount of FDI in the given period rose up by 4.7 percent to USD 9.8 billion over the USD 9.3 billion invested during the first 10 months of 2013. Manufacturing sector attracted the majority of investments with USD 2.3 billion, followed by financial services sector which attracted USD 1.3 billion.

As of the end of October, the number of foreign owned or partnered companies operating in Türkiye exceeded 41.000, more than half of which is based in Istanbul.

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