August 15, 2022
According to the latest data released by the Central Bank of the Republic of Türkiye, the total FDI (foreign direct investment) inflows into Türkiye during the first half of 2022 amounted to USD 5.5 billion, up 21 percent year-on-year. Meanwhile, total FDI inflows in the last 12 months soared to USD 14.77 billion, up from USD 14 billion in 2021.
In the first half of 2022, the Netherlands was the top source of FDI in Türkiye with USD 590 million, followed by Switzerland with USD 513 million, and Germany with USD 211 million.
With regard to industrial breakdown, the manufacturing and wholesale/retail trade sectors attracted the highest amount of FDI with a share of 31 percent, followed by ICT with 11 percent during the same period.
Commenting on the recent FDI figures, Investment Office President A. Burak Dağlıoğlu said, “Türkiye continues to be on the radar of global companies in various industries owing to its solid and resilient investment environment in the post-pandemic period. Our investors are able to offer products and services that can compete on a global scale, thanks to our rapid adaptation to changes in the supply chain. Under the leadership of our President, Türkiye has become a regional R&D, manufacturing, logistics, and management hub in the past two decades, and continues to consolidate this position with ongoing investments. Investments attracted by our technology startups is another important topic. In the first half of 2022, seed, early and later VC stage technology startups in Türkiye received USD 1.4 billion in investments in a total of 140 deals.”
Dağlıoğlu further stated that Türkiye, as a resilient and fast-growing economy, offers business-friendly policies, deep talent pool, and global market access at the nexus of Europe, Asia, and Africa to attract sustainable FDI, and added, “We anticipate a continued uptrend in investments in bolstering the supply chain and financing startups throughout the rest of the year.”
Source: Republic of Turkey Investment Office
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