Türkiye has change into a focus for worldwide direct investments attributable to its financial steps and political stability, attracting main international firms resembling Alibaba, Amazon, Huawei, and PepsiCo.
While there was a decline in worldwide direct investments globally in current occasions, Türkiye has stood out positively with its financial reforms and supplied alternatives.
According to OECD knowledge, investments within the first six months of this 12 months decreased by 36% globally in comparison with the earlier 12 months, 86% within the European Union (EU), 38% within the G20, and 42% within the OECD. In the second quarter of 2023, in comparison with the earlier quarter, investments decreased by 38% globally, 153% within the EU, 33% within the G20, and 58% within the OECD.
In Türkiye, the impression of those developments in worldwide direct investments has been much less pronounced. In the primary half of this 12 months, such investments decreased by 33% in comparison with the identical interval final 12 months. In the second quarter of this 12 months, it declined by 13% in comparison with the primary quarter.
In the final 20 years, the financial steps and political stability taken in Türkiye have influenced the route of worldwide direct buyers. While $15 billion in worldwide direct funding was attracted from 1973 to 2002, the overall funding quantity has exceeded $255 billion since 2003. Before 2003, Türkiye, with a mean of $1 billion per 12 months, accounted for 0.2% of the worldwide worldwide direct funding pie. However, from 2003 to 2022, with an annual common of $13 billion, it held a 1% share.
In 2002, over 5,600 worldwide firms have been working, and by 2023, this quantity exceeded 80,000. In the primary 9 months of this 12 months, 93 new funding initiatives have been initiated, with transportation and storage rating first with 17 initiatives and the commercial tools sector second with 9 initiatives.
Software and IT, meals and beverage, chemical substances, automotive tools, ceramics and glass, plastics, and business providers have been highlighted as outstanding sectors. In phrases of exercise varieties, manufacturing led with 40 initiatives, adopted by gross sales and advertising and marketing with 30 initiatives, R&D with 8 initiatives, regional administration facilities with 4 initiatives, and business providers with 3 initiatives.
The United States, Germany, France, Italy, China (together with Hong Kong), Japan, the Netherlands, and the United Arab Emirates have been among the many outstanding nations in these investments.
Moreover, there are 17 worldwide direct funding initiatives introduced for the longer term in Türkiye. Transportation and storage, software program and IT, communication and electronics are outstanding among the many introduced new investments.
Major firms carefully monitor Türkiye this 12 months as properly. In the primary 9 months, Chinese e-commerce big Alibaba introduced investments exceeding $1 billion with logistics facilities to be established at Istanbul Airport and a knowledge middle in Ankara.
Qatar Investment Authority and Esas Holding’s enterprise capital arm Esas Ventures will make investments $105 million in Insider, a synthetic intelligence advertising and marketing platform.
German DHL Group, one of many main manufacturers within the transportation and storage sector globally, acquired 100% of the shares of MNG Kargo, one among Türkiye’s main firms within the transportation and cargo sector. FedEx introduced that it’ll construct a brand new international air transit facility at Istanbul Airport. Amazon opened its logistics middle in Tuzla with a $100 million funding, offering employment for 800 individuals.
The funding, anticipated to achieve a complete worth of seven billion Turkish liras, with Toyota‘s first battery and rechargeable hybrid car manufacturing facility in Europe, was established in Sakarya. Ford started manufacturing of the primary totally electrical model of the world’s most most well-liked business car mannequin Transit (Ford E-Transit) at Ford Otosan‘s Gölcük manufacturing facility. French Valeo, a producer of spare components for the automotive sector, introduced that it’ll develop its facility in Bursa. Russia’s main oil and pure gasoline firm Tatneft acquired Aytemiz Akaryakıt for $320 million.
PepsiCo launched the “Design and Innovation Center,” main design-focused innovation initiatives. Chinese know-how firm Huawei applied its first native cloud service in Ankara.
Amadeus, Europe‘s journey know-how firm, and Saint-Gobain, working in sustainable and light-weight development, have been among the many firms investing in Türkiye.
Source: www.anews.com.tr
