Türkiye acquired international direct investments (FDI) price $4.8 billion (TL 125.9 billion) within the first half of 2023, stated the pinnacle of Türkiye’s International Investors Association (YASED) on Thursday.
Some $2.5 billion of those investments have been mergers, acquisitions or capital inflows, Engin Aksoy, the chairperson of the affiliation instructed Anadolu Agency (AA).
“Based on the results of our PULSE survey conducted with YASED top executives for the June period, we estimate that macroeconomic stability and potential improvements in the regulatory framework could trigger an additional investment inflow of at least $7.1 billion in the next six months,” he famous.
Recalling Türkiye’s goal to take a share of 1.5% from world direct investments, he stated the present state of affairs is now under its potential.
Aksoy highlighted that since 2002, European Union nations have taken the lead with a 59% share in all investments coming to Türkiye, and this pattern has continued within the first six months of this 12 months.
The EU nations’ share in international direct investments throughout the first six-month interval was at 56%, Aksoy stated.
“Among nations, the Netherlands accounted for 23% of whole funding capital inflows, adopted by Russia with 15%, the United Arab Emirates (UAE) with 13%, Germany with 7% and Ireland with 7%. Sectors akin to wholesale and retail commerce and electrical energy manufacturing stood out within the funding capital inflows of the primary six months of 2023. In addition to those sectors, funding inflows within the subject of knowledge and communication, which was distinguished final 12 months, additionally continued,” Aksoy defined.
Comparing Türkiye to nations like Poland and Hungary, Aksoy famous that Türkiye continues to be engaging on account of its tax incentives in comparison with different nations. Additionally, he talked about that whereas Türkiye has not totally utilized its potential, it holds benefits in areas akin to human assets and infrastructure.
Aksoy said that as YASED, they contemplate the 2 predominant components that play an important function in growing Türkiye’s competitiveness when it comes to worldwide direct investments are the supply of a predictable regulatory framework primarily based on the rule of legislation and macroeconomic stability with the imaginative and prescient of shifting the nation to the group of high-income nations.
In addition to those conditions, Aksoy talked about different subjects which are half of the present dynamics of the worldwide aggressive atmosphere together with integration into world provide chains, reaching digital transformation, adopting sustainable growth and enhancing human capital.
“I might additionally like to specific that the members of YASED, which represents Türkiye’s firms, will proceed to contribute to our nation’s sustainable growth with high-value investments, and any enchancment within the funding atmosphere will end in a internet enhance in each current and new investments.”
Source: www.dailysabah.com
