Detayhaber / 15.06.2017
Over the last 15 years in particular, Turkey has been focusing on increasing foreign direct investments (FDI). Despite the global decrease in investments and a tumultuous 2016, the country drew in $12.3 billion of FDI in 2016 and actively engaged in investment treaties with countries around the world, according to the World Investment Report 2017 prepared by the United Nations Conference on Trade and Development (UNCTAD), highlighting countries with diversified industrial manufacturing despite having no oil resources.
"FDI flows to Turkey stood at $12 billion in 2016. Unlike most countries in the subregion, which rely heavily on oil, manufacturing accounted for about half of the total FDI inflows into Turkey in recent years, reflecting the country's diversified industrial structure," the report says.
Arda Ermut, chairman of the Turkish Prime Ministry Investment Support and Promotion Agency (ISPAT) and the World Association of Investment Promotion Agencies (WAIPA), said that the World Investment Report shows that advanced and emerging economies experienced a decline in attracting FDI in 2016. He said: "Despite all the adverse developments, Turkey attracted $12.3 billion of FDI in 2016. Green field investments, which make serious contributions to our economic development, employment and industry, soared by 55 percent."
Ermut said that global FDI stood at $1.75 trillion in 2016, down 2 percent from the previous year, according to the report
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