Turkey target USD 40 billion in FDI

An official at the official investment agency of Turkey has revealed that Turkey are looking to at least triple the current Foreign Direct Investment (FDI) to Turkey from USD 12.1 billion in 2011 to at least 30 billion in the very near future.

Investment Support and Promotion Agency of Turkey (ISPAT) President, Ilker Ayci said during a Gaziantep Chamber of Industry (GSO) assembly that the number of companies in Turkey with international capital has increased to more than 30,000 in 2011.

Ayci said: “Gaziantep hosts 300 such companies and is on its way to becoming a centre of trade and industry for the whole Middle East region.”

Speaking of Turkey’s future plans for more FDI into the nation, Ayci said: “Technology transfer, export potential and employment creation are the three main points we seek in our efforts to draw foreign companies to Turkey. Exports are particularly important, as Turkey plans to export USD 500 million worth of goods by 2023, while being among the top 10 economies.”

Ayci went on: “Turkey has attracted 70 percent more FDI in the first 11 months of 2011 over the same period of the preceding year, reaching USD 12.1 billion. This is clearly not enough. We intend to reach 2007 levels first and then move on to the USD 30-40 billion band.”

As more FDI pours in to Turkey, it is inevitable that PropertyTurkeyforSale.com prices are expected to go up to reflect the recent rise and success of Turkey as a nation. Real estate in Turkey is a prime and flourishing market for investors of all types, the time to invest in property in Turkey is now.

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