Foreign investment in Turkey reaches $4.2 bln in Q1

Thursday, May 22, 2014

Turkey's manufacturing sector emerges as the largest recipient of international capital

Turkey's manufacturing sector emerges as the largest recipient of international capital

ANKARA - International direct investment in Turkey reached $4.2 billion in the first quarter of 2014, the Turkish Economy Ministry has disclosed.

The figures showed a 49.6 percent increase from the $2.7 billion invested in the same period last year, according to data released on Thursday.

The manufacturing sector benefited the most from foreign capital with $1.04 billion, and the energy sector followed with $808 million with 61.9 percent of foreign investment of which almost $2.6 billion came from the European Union. 

According to the ministry’s data, 267 new foreign-funded companies were established in March 2014 which add towards the 38,116 companies with international capital operating in Turkey.

International direct investment to the country reached $1.2 billion in January, $1.5 billion in February and $1.4 billion in March of 2014.

According to Turkey's Investment Support and Promotion Agency, the country should continue to attract international investments specifically in the fields of energy, banking-insurance and finance during the rest of  2014.

In 2013, international direct investment (IDI) decreased 4.1 percent from the previous year to attain $12.6 billion.

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