FDI inflow into Turkey totaled USD 13.2 billion in 2018, up 14 percent year-on-year at a time when the global appetite for FDI shrank a considerable amount. This shows that despite all the adversities Turkey has undergone in the past two years, there has been no decrease in investor appetite in the country.
Figures for 2018 FDI and expectations for 2019 in Turkey were evaluated at a press conference hosted by the Investment Office and SOCAR Turkey. Investment Office President Arda Ermut said that SOCAR Turkey’s Star Refinery investment was one of the largest industrial projects and the largest single-location real sector investment in Turkey. “In 2018, when total global FDI experienced a very serious decline, Turkey's annual FDI performance marked an important achievement,” said Ermut. "With this success, Turkey has once again demonstrated that it is a trusted country on a global scale with sound economic fundamentals. We previously said that we would exceed last year's figure before the end of the year, and we realized this with a 14 percent increase."
In 2019, a further increase in FDI into Turkey is expected thanks in part to an improving global economy, the end of the recession concerns in Europe, and Turkey’s transition to the executive presidential system, which strengthened the political stability in Turkey and saw the continuation of economic reforms.