Foreign investors say ‘Istanbul’ once again

CANAN BİLGİN

13 THOUSAND 696 INVESTORS ESTABLISHED COMPANIES WORTH 2,8 BILLION TL

According to Istanbul Chamber of Commerce records, foreign investors were mostly interested in the retail services, and construction sectors.

Syria, the Netherlands, Iran, Luxembourg, and Iraq are among the top five countries that have invested in Istanbul.

Foreign investors did not give up on investing in Istanbul, which is among the world’s biggest megacities. According to the ‘2018 Istanbul Foreign Investment and Capital Indicators Report,’ prepared by the Istanbul Chamber of Commerce, the number of companies established with foreign capital in the megacity increased by 107.30 percent in 2018. This number was 20.61 percent in 2017 and 2.83 percent in 2016.According to the Istanbul Chamber of Commerce’s trade register records, in the last year 13,696 foreign investors established companies with an approximately capital amount of 2,9 billion TL.

ATTRACTIVE SECTORS

In the newly founded companies, foreign investors showed most attention to retail, services, and construction sectors. Among the most popular sectors in this list, the retail sector obtained a total of 3,937 investors, with a total capital of 703,9 million TL. 3,011 investors intensified in the services sector.

The amount of investment made in this sector equals 580,6 million TL. In the third most popular sector -construction-252 investors made an investment worth 494,7 million TL.

LION’S SHARE TO RETAIL

Retail, services, and construction are the sectors that foreign investors showed most attention in terms of capital. 59.87 percent of the foreign investors in Istanbul and 62.02 percent of the promised capital focused on these main sectors. When taking into consideration the promised capital of foreign investors that registered at the Istanbul Chamber of Commerce, the average capital per foreign investor is 209,402 TL.

163 INVESTORS FROM CHINA

In the average foreign capital per foreign investor, the construction sector is in the lead with 1.252 investors and a total capital of 395 thousand TL. With 387 thousand TL energy, and with 378 thousand TL food, agriculture and animal husbandry constitute the highest value sectors of average capital per foreign investor.

Countries in the Middle East and Europe were the lead in investing in Istanbul in 2018. The capital share of Middle Eastern countries stood at 48.02 percent, while EU countries was 23.09 percent. China drew attention as the country that invested in Istanbul with 163 investors.

PREFERENCE BY THE NETHERLANDS AND LUXEMBOURG

In the previous year, Syria, the Netherlands, Iran, Luxembourg and Iraq were the countries that made the most investment in Istanbul. The value of foreign capital pledged by 4 thousand 984 Syrian investors stands at 692 million TL. Syrian investors focused on the retail sector.

With 86 investors and a capital of 334 million TL, the Netherlands was the second biggest investing country. Their prefence of investment however was the construction sector.

Following these countries is Iran, with 1898 investors and an investment worth 273 million TL, Iran made the most investment in the services sector.

FOCUSED ON 3 DISTRICTS

According to the Istanbul Chamber of Commerce’s trade records, İstanbul’s Fatih district attracted the most investment. 3303 investors invested in Fatih. Esenyurt followed Fatih with 1950 investors, and Şişli with 1167 investors. 46.88 percent of foreign investors in Turkey chose one of these three districts.

23 Temmuz 2019 Salı

Etiketler : English