11/12/2021

Foreign Direct Investments in Turkey Reach Pre-Pandemic Levels

According to the latest data released by the Central Bank of Turkey, the total amount of foreign direct investment (FDI) inflows into Turkey in the first nine months of 2021 amounted to USD 9,828 million, increasing 89 percent annually, while cumulative FDI inflows for the last 12 months reached USD 12.1 billion. Thus, FDI inflows into Turkey increased rapidly and approached the pre-pandemic levels.

Wholesale & retail trade, manufacturing industry, information & communication technologies, financial services and logistics-warehousing activities were among the top five sectors receiving investment during the first three quarters. The UK, USA, the Netherlands, United Arab Emirates, Switzerland, Luxemburg, South Korea, Germany, Japan and Qatar took place in the top 10 countries as sources of investments. In this context, diversity in sectoral and regional breakdown of incoming FDI in Turkey expanded in the first nine months of 2021.

“As the Investment Office, our mission is to attract foreign direct investments that will create employment, contribute to technological transformation and support the current account balance. Turkey is on the radar of global companies operating in many sectors. Investment focused on areas such as information technologies, automotive and mobility, energy, chemistry, machinery, life sciences and financial services," Investment Office President Burak Dağlıoğlu noted commenting on the data and added, “Another striking area is the increasing interest of financial investors, especially venture capital funds, in our country. While early stage investments in technology startups were between USD 100-150 million annually, this amount reached USD 1,411 million in the first nine months of this year. We expect these investments will continue to increase in the coming period.
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FDI; TRCB; Turkey; increase