Turkey should work harder to attract foreign investment

Over the last 17 years Turkey attracted $210B in foreign direct investment, says vice president

By Zafer Fatih Beyaz and Merve Ozlem Cakir

ANKARA (AA) - Turkey should work harder to attract foreign investment and remain competitive in an era of escalating global competition, the nation’s vice president said on Thursday.

As the result of recovery in the investment climate, Turkey expects that foreign investments will provide technology transfer, employment and value-added production, Fuat Oktay told an investment meeting in the capital Ankara.

"Over the last 17 years, under the leadership of the President Recep Tayyip Erdogan, several steps have been taken to recover the investment climate, provide stability, and make Turkey an attractive hub," he said.

He added that Turkey never saw these steps as one-time policies.

Thanks to these efforts, Turkey attracted $210 billion in foreign direct investment over the last 17 years, he stressed.

* Writing by Gokhan Ergocun from Istanbul

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