Türkiye has stood out as an alternative production point for Asian countries, the head of the country’s Investment Office said.
Türkiye has received foreign direct investments worth over $250 billion since 2003, Ahmet Burak Daglioglu told Anadolu’s Finance Desk, adding: “The targets set for the coming period and our structural reform agenda are attracting investors.”
Daglioglu said before 2003, Türkiye received an average of 0.2% of the world’s investments but in the period after 2003, it attracted around 1% of the world’s investments on average.
“2003 is a critical year for international investments and political stability provides a basis for this,” he underlined.
Europe’s share in total foreign direct investments was 68% while it was 8% from the US, 7% from Gulf countries and 14% from other Asian countries, he said.
He said that finance has a significant share when looking at the sectoral distribution of investments, and it is followed by manufacturing. Daglioglu said that his office works to raise Türkiye’s image to the level of investment grade, and provides free consultancy services to international companies in Türkiye.
“We are chasing investments that will take the economic activities of our country to a higher level,” he added.—AA
