8/12/2021

“FDI Increased by 13 percent in January-May this Year”

​Investment Office President A.Burak Dağlıoğlu said FDI inflows into Turkey increased by 13 percent in the January-May 2021 period, compared to the same period of the previous year, and reached USD 3.35 billion, in his speech to Hurriyet Newspaper.

Among the recent investments, Dağlıoğlu mentioned the USD 2.3 billion electric car and battery plant investment of Ford Otosan, a joint venture of the US automobile maker and the Turkish conglomerate Koç Holding. He also cited PSA International and IFM Investors' USD 375 million investment in Mersin International Port, as well as the production bases established in Turkey by Chinese mobile phone makers Oppo, Xiaomi, TCL, Realme, and Tecno Mobile. Dağlıoğlu also highlighted the USD 100 million investment of the Italian automotive parts supplier Eldor in the Aegean Free Zone in Izmir as one of the recent FDI inflows into Turkey.

Turkey's e-commerce and gaming sectors have also attracted large investments in 2021

According to the data of Startups.watch, Turkish technology companies received USD 1.26 billion early stage investments in the first half of 2021 and the number of unicorns in the country reached four.

The US-based interactive entertainment company Zynga acquired the Turkish mobile game developer Peak Games for USD 1.8 billion in June 2020. In March 2021, Alibaba invested USD 350 million in Trendyol in an investment carrying Trendyol’s valuation to USD 9.35 billion. Turkish rapid delivery company Getir received USD 978 million investment in 2021. Thus, Getir’s valuation has reached USD 7.5 billion in the last round finalized in June 2021. In June 2021, Mobile puzzle games developer Dream Games raised USD 155 million in a Series-B funding round which carried the startup’s value to USD 1 billion. Furthermore, Turkish online retailer platform Hepsiburada became the first Turkish company to be listed on the NASDAQ stock exchange in the US.
" src=
FDI; investment; Turkey; startup; unicorn