Türkiye receives $1.7B in foreign direct investments in May

ISTANBUL (AA) – Türkiye received $1.7 billion in foreign direct investments (FDI) in May, according to a statement from the International Investors Association of Türkiye (YASED), citing Turkish Central Bank’s data.

The association said on Friday that, of the total FDI in May, $590 million came in as investments, $303 million through debt instruments, and $189 million as real estate sales to foreign nationals.

Transportation and storage services made up most of the investments, accounting for 42% at $247 million.

Norway, having invested $229 million in Türkiye, became the highest investing country in May, accounting for 39% of the total FDI in the month, followed by the Netherlands with 18% share, Czechia with 8%, Sweden with 5%, and Azerbaijan with 4%.

In the first five months of the year, the total FDI inflow to Türkiye reached $3.8 billion, down 15% on an annual basis.

The Netherlands invested the most in Türkiye in January-May, making up 20% of the total FDI, followed by the US with a 16% share, and Norway with 10%.

The volume of global FDI fell 2% to $1.33 trillion in 2023, according to data from the United Nations Conference on Trade and Development.