Turkey: Foreign investment in May reaches $831M

ANKARA (AA) - Turkey received $831 million in foreign direct investment (FDI) in May, the Turkish Economy Ministry said in a statement Tuesday.

Foreign investment in Turkey reached $3.5 billion in the first five months of this year, down 41.5 percent compared with the same period last year.

The manufacturing sector got the largest amount of FDI at $512 million, followed by the health sector with $237 million in the period of January to May.

Nearly 64 percent of FDI during the first five months, just over $1.2 billion, came from the EU, and 23 percent of investments were from Asian countries at around $440 million.

There were 322 new foreign-funded companies established in May 2016, making a total of 50,021 companies with international capital operating in Turkey. A total of 6,667 of them were funded by German capital, while U.K. investors financed 2,950.