Türkiye receives foreign direct investments worth $4.8B in H1

Türkiye receives foreign direct investments worth $4.8B in H1

Türkiye may receive $7.1B more foreign direct investment in H2, says head of investors' group

By Gokhan Yildiz

ISTANBUL (AA) – Türkiye received foreign direct investments worth $4.8 billion in the first half of 2023, said the head of a sectoral group.

Some $2.5 billion of these investments were mergers, acquisitions or capital inflows, Engin Aksoy, the chairman of the International Investors Association (YASED), told Anadolu.

In the coming six-month period, recovery process in stability and regulations in the country may trigger additional foreign investments worth $7.1 billion, he expected.

Recalling Türkiye's target to take share of 1.5% from global direct investments, he said the current situation is now below its potential.

The EU countries' share in foreign direct investments during the first six-month period was at 56%, Aksoy said.

The Netherlands' share is 23%, Russia has 15%, the United Arab Emirates holds 13%, and Germany and Ireland have 7% each, he said.

*Writing by Gokhan Ergocun

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