Türkiye is already a main hub for overseas investments and can additional strengthen its place within the coming years, in line with Burak Dağlıoğlu, head of the Turkish Presidency’s Investment Office.
With a robust dedication to reforms and concerted efforts to create an investor-friendly surroundings, Türkiye will construct on its successes of the previous 20 years, he instructed Anadolu Agency (AA) in an interview in London.
He stated there’s rising curiosity from worldwide buyers after the latest elections, inserting the nation able the place it will possibly surpass earlier influx data.
Following his reelection, President Recep Tayyip Erdoğan has refreshed his monetary group, bringing in distinguished figures similar to Mehmet Şimşek, the brand new finance minister, and Hafize Gaye Erkan, the primary lady to guide the nation’s central financial institution.
The authorities can also be pursuing reforms to enhance regulatory frameworks, streamline bureaucratic processes and improve transparency.
“Our current share in global investments is around 1% and our goal is to increase this to 1.5%,” stated Dağlıoğlu.
“Looking at data for the first four months of this year, we are talking about an investment of nearly $4 billion. Personally, I prefer a more long-term analysis, and the figure for the past 12 months has exceeded $14 billion.”
He stated Türkiye’s geographical location as a gateway between Asia, Europe and Africa is a significant benefit, together with the intensive human useful resource expertise pool within the nation.
Another key issue is Türkiye’s place within the world inexperienced power sector, in line with Dağlıoğlu.
Apart from transitioning its personal power manufacturing to renewable and inexperienced sources, Türkiye has additionally turn into a important tools producer within the worldwide provide chain, he defined.
“Türkiye features in any discussion about green energy equipment around the world,” he stated.
Economic relations with UK
Regarding the U.Ok., Dağlıoğlu stated the 2 international locations have longstanding commerce and funding ties.
“The trade volume between the two nations, valued at approximately $19 billion, shows our existing economic cooperation,” he stated.
“Since 2003, Türkiye has received over $250 billion in foreign direct investment, with around $13.5 billion coming from British investment companies. Additionally, there are approximately 3,200 U.K.-based companies operating in Türkiye.”
Investments from the U.Ok. are unfold in numerous sectors and have made a big influence, he added.
Financial investments and enterprise capital flows in expertise are notably necessary areas, whereas manufacturing, specializing in telecommunications and power, additionally provides promising alternatives for UK-based corporations in Türkiye, in line with Dağlıoğlu.
“We think that the U.K.’s strong industrial background and its status as a financial center in its region will contribute to our country. In technology entrepreneurship, we can gain significant investments and obtain important financing from the U.K. in terms of the supply chain,” he stated.
“We also see that investors recognize the increasing importance of the green economy in Türkiye, and the U.K. stands out as one of the leading countries providing financing for these projects,” he added.
Dağlıoğlu cited latest examples, together with a credit score settlement for U.Ok. financing for a high-speed electrical rail line between the Turkish capital Ankara and the western port of Izmir, as proof of rising curiosity and help from worldwide buyers for Türkiye’s sustainability efforts.
Source: www.dailysabah.com
