USD 17 bln FDI target

Acting as an important market for multilateral companies to access neigbouring countries, Turkey closed 2016 with a total FDI amount of USD 12.3 bln. Despite a 13% contraction in global financial markets in 2016, Turkish FDI market is set show an upward trend in 2017. With Turkey estimated to have a 1.5% share of the global FDI market in 2017, Arda Ermut, President of the Investment Support and Promotion Agency of the Office of the Prime Minister said “2017 will be a great year”.

2017 - A PEAK YEAR FOR FDI

Ermut highlighted that 2006 and 2007 topped the charts for Turkey with a USD 22 bln in FDI for the latter and USD 18.3 bln for 2006. 2006 waswas a record breaking year with Turkey receiving 1.36% share from global investments. Indicating that Turkey’s share of global investments in 2016 declined to 1% as a possible repercussion of the global and regional conflicts, Ermut said this figure however can easily go up to 1.5% in the short run, considering Turkey’s immense potential.

INVESTORS GO BY THE LONG TERM POTENTIAL

Ermut added that international investors adopt a long term perspective: “Therefore temporary conditions, heated political exchanges, or even currency fluctuations only partially impact investment decisions. The rest of the picture is shaped by a long term view - some delays might occur due to the above mentioned issues however if Turkey is put on the investment agenda, decisions do materialise in a positive way sooner or later.

İSTANBUL AS A MANAGEMENT HUB FOR COMPANIES

Proximity to important markets is a major advantage for Turkey as investors who choose Turkey for their operations also gain easy access to neighbouring countries. Using Turkey as a hub to reach 1.6 bln people and markets with 27 trln GDP within a four hour flight means it can very effectively serve as a management hub for global companies. Two good examples in this regard are Coca Cola and Microsoft, which manage 94 and 80 countries out of İstanbul respectively.

II ROADS LEAD TO TURKEY FOR THE NATURAL GAS STORY

At the crossroads of various trade routes and posing a significant advantage geographically, Turkey is a destination of choice for the largest names in production and consumption of natural gas, and serves as a transmission route from the gas-rich countries to Europe.

15 Haziran 2017 Perşembe

Etiketler : English