27 Jul FDI gains momentum in Turkey
The International Investors' Association (YASED) announced that foreign direct investments (FDI) in Turkey reached USD 16.5 billion in 2015, an increase of 36 percent compared with the previous year. The figures were published in the United Nations Conference on Trade and Development’s (UNCTAD) “World Investment Report 2016”.
In 2015, Turkey was the world’s 20th most popular destination for FDI, up two places from 2014, and 8th in emerging markets, up from 12th in 2014. The manufacturing and finance sectors accounted for the highest shares with 26 percent and 22 percent respectively, during the same period.
FDI inflows to emerging markets reached a historical high of USD 765 billion in 2015, with a year-on-year rise of 9 percent. Turkey’s share in FDI inflows in emerging markets was 2.16 percent for the same period, whereas it was 38.97 percent in West Asian countries.
The UNCTAD report sets out the easing of US and European economies, regional trade and investment agreements, economic activities in emerging Asian markets and amendments in tax regimes, as the drivers of higher FDI inflows for 2016.