Türkiye got $497M in foreign direct investments in August

By Emir Yildirim

ISTANBUL (AA) – Türkiye received $497 million in foreign direct investments (FDI) in August, according to data released by the Turkish International Investors Association (YASED) on Friday.

Some $238 million of the total FDI in August was recorded as investment capital, while $201 million was in real estate sales to foreigners in Türkiye.

Wholesale and retail trade made up 16% of the investment capital in August with $46 million, while the share of food, beverages, and tobacco manufacturing accounted for another 16%, performing above its past cumulative performance.

Chemical and basic pharmaceutical products made up 11% of the investment capital, while information and communications technologies accounted for 9%.

Türkiye received the highest amount of international investments from Germany in August at 12%, followed by Switzerland at 11% and the Netherlands at 10%.

The US and France both made up 9% of international investments to Türkiye, followed by Luxembourg with 9%, Taiwan with 7%. European Union countries accounted for 54% in the same period.

In the first eight months of the year, Türkiye received $6.41 billion in in FDI, 2% below the figure from the same period last year.

The top three countries investing in Türkiye were the Netherlands (20%), Germany (15%), and the US (13%).

​​​​​​​Türkiye’s total foreign direct investments since 2002 total $270 billion, the data showed.