Foreign direct investment flows to Türkiye to ramp up

By Hulya Omur Uylas

Foreign direct investment (FDI) flows to Türkiye will accelerate this year thanks to growing investor interest, according to Burak Daglioglu, head of the Turkish Presidency’s Investment Office.

"2024 started with positive signals for our economy. We see growing investor interest in meetings," he told Anadolu in an interview on Tuesday.

Citing Turkish Central Bank data, Daglioglu said Türkiye attracted $10.6 billion in foreign direct investment (FDI) last year.

Top sources of FDI flows to Türkiye were the Netherlands, Germany, the United Arab Emirates, Qatar, Russia, France, the UK, Ireland, the US, and Switzerland, he noted.

Noting that Türkiye's recently enhanced cooperation with the Gulf region has given an impetus to investments, he said: "Türkiye became the top destination for manufacturing investments from Central and Eastern Europe (CEE) and the Middle East and North Africa (MENA) region in the last decade with a share of 21.7%."

The manufacturing sector was the favorite of foreign investors in 2023, getting 30.7% of investments, followed by the trade and finance sectors with 17.6% and 10.7%, Daglioglu highlighted.

Stressing that global FDI flows fell last year due to tight monetary policies of major central banks and geopolitical tensions, he said: "However, starting at the beginning of 2024, signs of recovery in global investments began to emerge."