Turkey continues to rise as appealing destination for investment

The World Investment Report 2011 has shown that Turkey continue to rise as a destination for people to invest in.

The report by the United Nations Conference on Trade and Development (UNCTAD) has shown that Turkey has risen to 27th place in the world for destinations to invest in. According to the report, Turkey attracted $9.1 billion in foreign direct investment (FDI) last year.

International Investors Association (YASED) Secretary-General Özlem Özyiğit said that the US topped the list with $228.3 billion in FDI in 2010, followed by China with $105.7 in FDI that same year.

In last year’s UNCTAD report, Turkey ranked 30th overall with $8.5 billion in FDI. The 2011 increase is expected to be much higher for next year, signalling the growth of Turkey and strength of the Turkish economy.

The economy minister, Zafer Çağlayan, said that Turkey is currently one of the best countries for foreign investment in the world and revealed that astonishingly, two foreign businessmen are to announce they will make up to $8 billion in investments in Turkey.

Commenting on the expectations for the future, and the $9.1 billion received in 2010, YASED Vice President Adnan Nas said: “was not even one-fifth of what it could have received.” For foreigners looking to invest in Turkey, the time has never been better than now, the property in Turkey market has investors rushing to invest in property and in the future it looks set that foreign direct investment for next year in Turkey will be a lot bigger than the $9.1 billion received in 2010.

One Response to “Turkey continues to rise as appealing destination for investment”
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  1. […] Buyukeksi said that the recent depreciation of the Turkish Lira has not decreased confidence from foreign investors in Turkey’s economy. Infact foreign direct investment was measured at $9.1 billion in the first seven months of this […]

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