In the first week of February, President Recep Tayyip Erdoğan addressed a delegation of Italian investors at an executive roundtable meeting hosted by ISPAT and the Pirelli Group, in collaboration with the Italian think tank - Institute for International Political Studies (ISPI) in Rome.
Senior representatives of major Italian companies with operations across a wide range of sectors, such as automotive, infrastructure, machinery, defense, food, and pharmaceuticals, attended the meeting to get the latest updates on Turkey’s investment environment, business opportunities in the pipeline, and economic reforms. Pirelli, Elettronica, Cementir, Ferrero, Astaldi, Salini, and Leonardo were a few of the companies in attendance.
Reminding that Turkey and Italy have privileged investment bonds that have evolved over the years into grand projects, Erdoğan said that more than 1,400 Italian companies currently do business in Turkey and that they have injected more than USD 3.1 billion into the country since 2002.
Erdoğan extended his gratitude to the Italian investors for their unwavering trust in Turkey. He said, “I believe that foreign capital has no nationality, country, or belief. The intellectual property rights and reforms we have implemented over the past 15 years have transformed Turkey into a center of attraction for foreign capital. The Turkish government has developed a system of incentives based on the booming economy and in line with the expectations of investors. Attractive incentive packages can be ensured for strategically important investments even in the most developed regions. We have attached, and will always attach, the utmost significance to enhancing predictability and ensuring a transparent investment environment. We have full confidence that Turkey – currently the 13th largest economy globally – will have the potential to attract much higher FDI.”
Inviting more Italian companies to invest in Turkey, Erdoğan called on investors to directly contact ISPAT for anything having to do with investment projects in Turkey, as ISPAT stands out as the embodiment of the government’s efforts to institutionalize reforms in the way of assisting investors during their entire investment process in Turkey.