Investment Office President Burak Dağlıoğlu briefed members of the press on foreign direct investments in Turkey.
Commenting on the 2020 FDI figures Dağlıoğlu acknowledged Turkey attracted around USD 8 billion FDI last year despite devastating effects of COVID-19 pandemic on foreign direct investments (FDI) globally and said, “We continue to work on national FDI strategy, which will also help overcome these negative effects and provide more investments in the aftermath of this period. And, we will continue to increase Turkey's share in global FDI."
Dağlıoğlu stated that according to United Nations Conference on Trade and Development (UNCTAD), global FDI amounted to USD 859 billion in 2020, down 42 percent compared to the previous year, mainly stemming from the 69 percent decrease in FDI inflows into developed countries. “International investors continued to make significant investments in Turkey in 2020, with FDI reaching USD 7.73 billion. The 16.5 percent decrease in FDI inflows into Turkey was mild compared to the sharp decline in global FDI," Dağlıoğlu added.
Dağlıoğlu also revealed that the first ten countries investing in Turkey in 2020 were Italy, USA, the Netherlands, the UK, Luxembourg, Qatar, Germany, Ireland, Azerbaijan and Hong Kong, while the top three sectors in terms of capital inflows were financial services, ICT and manufacturing.