Türkiye final yr rose to fourth place in Europe in attracting probably the most worldwide funding initiatives, based on the Turkish Presidency Investment Office.
“Türkiye has become a prominent destination for investors with its strategic location and strong investment environment. The $10.6 billion in international direct investment we attracted in 2023 is the most concrete sign of this success,” mentioned Burak Daglioglu, the workplace’s head.
A report by audit and consulting agency EY discovered a big fall from the earlier yr in overseas direct funding (FDI) initiatives in Europe for the primary time for the reason that pandemic, blamed on components similar to low financial progress, excessive inflation, rising power costs, and geopolitical dangers, he mentioned.
He mentioned 5,694 funding initiatives have been introduced in Europe, down 4% from the earlier yr.
The variety of initiatives in Europe was 11% beneath its degree in 2019 and 14% beneath the 2017 peak, based on Daglioglu.
“International direct investment projects in the service sectors dropped significantly, while the fall in the manufacturing sector was limited to 1%,” he mentioned.
Daglioglu added that France led in attracting probably the most initiatives final yr however noticed a 5% decline from 2022. The UK, in second place, noticed a 6% annual rise in initiatives, whereas Germany, at third, suffered a steep 12% drop in mission numbers.
-Türkiye jumped from fifth place to third
Daglioglu mentioned Türkiye has maintained its regular rise in attracting probably the most worldwide direct funding in Europe within the post-pandemic interval.
“Türkiye ranked seventh within the European league in 2020 and fifth in 2022. The nation rose to fourth among the many high 10 international locations, attracting 375 worldwide direct funding initiatives in 2023. With a 17% rise from the earlier yr, Türkiye additionally ranked first among the many high 10 international locations when it comes to progress in 2023.
“While there was an overall drop in the number of manufacturing projects across the continent, the restructuring of supply chains and factors such as supply from nearby countries enabled a few continental countries, including Türkiye, to attract more manufacturing projects,” he famous.
-‘High-level funding expertise for world buyers’
Daglioglu underlined that Türkiye is a pretty funding vacation spot on the world degree, as it really works to supply a high-level funding expertise to worldwide buyers who come to the nation.
“Despite the slowing investment trend across Europe, Türkiye has become an attractive center for international investors by strengthening its infrastructure and diversifying its economy. We find it extremely positive that we have overtaken Spain and settled in fourth place after France, Britain, and Germany,” he mentioned.
Daglioglu mentioned Türkiye has persistently maintained its main place in investments, significantly within the manufacturing sector, throughout Central and Eastern Europe, the Mideast, and North Africa over the previous decade.
“We’re the country that attracts the most manufacturing investments, attracting 21.7% of manufacturing investments in these regions. Since 2013, we’ve also been the top country in attracting the most expansion investments, drawing 19.1% of expansion investments,” he mentioned.
Source: www.anews.com.tr
