Foreign Direct Investment to Turkey doubles

The amount of Foreign Direct Investments (FDI) to Turkey reached an astonishing 10.9 billion USD for the first nine months of this year, double the amount of FDI Turkey received in 2010.

Turkey’s Minister of Economy, Zafer Caglayan, said: “87 percent of the investments Turkey attracted between January and September from European countries which stands proof for Turkey’s high potential, safe haven status in the eyes of global investors.” Caglayan said that Turkey is the current choice of country for European investors.

Caglayan went on: “The upwards trend in FDI is continuing as Turkey received 901 million USD of foreign investments in the month of September alone.”

In the same period last year, Turkey had received just 5.4 billion USD in foreign direct investments, compared with 10.9 billion USD in the same period this year. The growth of Turkey is reflected in Turkey posting a GDP growth rate of 10.2 percent in the first half of 2011 over the same period last year.

In total there is currently over 28,000 foreign companies operating in Turkey. What makes Turkey so attractive to foreign investors is the current strength and stability of the Turkish economy in comparison with the surrounding weak Euro. While investors used to look to previously popular nations such as Spain and Italy, the weak economies of these nations has meant that more and more investors are taking notice of the flourishing Turkey for investment.

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