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Turkey attracts nearly $13.2B foreign investment in 2018

Turkey eyes receiving 1.5 pct of total global direct investments, says head of investment office

Ersin Çelik
12:07 - 25/02/2019 Monday
Update: 14:52 - 25/02/2019 Monday
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File photo
File photo

Turkey attracted nearly $13.2 billion in foreign direct investment (FDI) in 2018, said the head of presidency's investment office on Monday.

The Netherlands and Azerbaijan were the top two sources of direct investments last year, Arda Ermut told a meeting in Istanbul.

"We want to receive 1.5 percent of total global direct investments. At first, we want to reach $18 billion [of FDI] then $20-25 billion," Ermut said.

The country aims to increase its share to 2 percent in the long term, Ermut stressed.

"Turkey has outperformed the emerging countries in terms of attracting investment," he said.

Ermut added that the amount of direct investments decreased 14 percent globally due to rising risks in the global economy and protective policies.

Stating that FDI to emerging markets rose 2 percent, Ermut said 71 percent of global FDI was done by developed countries.

#Arda Ermut
#direct investment
#FDI
#foreign direct investment
#Presidency's Investment Office
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