2023-06-24 12:43:10
Türkiye’s economy
The foreign investment survey of the Turkish Ministry of Trade showed, on Saturday, that the volume of Turkish direct investments abroad until the end of last year amounted to $50.8 billion.
These investments, which numbered more than 2,033 direct Turkish investments, spread to 128 countries until the end of last year, amid the exploitation of various investment opportunities abroad for the Turks.
According to the Anadolu Agency, the data showed that the volume of foreign investments for real and legal foreign individuals residing in Turkey amounted to 54.1 billion dollars until the end of 2022.
Over the past years, Turkey has succeeded in stimulating foreign investments by pumping its money into the local markets, by improving investment conditions and incentives, such as taxes, ownership, logistical areas, infrastructure and geographical location.
Returning to the investments of Turks abroad, the European Union countries acquire 750 Turkish investments, out of 2033, given their distribution abroad.
There are also 465 investments in the United Kingdom, Russia, the Balkan countries, members of the European Free Trade Association and the Eastern European region.
In Asian countries, 229 investments are spread, 222 in countries of the Near and Middle East, 183 in North America, 77 in North Africa, and 57 in other African countries.
Investments are also distributed by 24 in Oceania and the Arctic, 18 in Central America and the Caribbean, and other investments in South American countries.
The share of the European Union countries of the total Turkish foreign investments amounted to regarding 37.41 percent, and the rest of the countries of the continent 22.93 percent.
The European Union countries also topped the value of Turkish capital investment, with $31.2 billion.
While North Africa, which includes Morocco, Tunisia, Libya, Algeria and Egypt, owns 3.2 percent of the capital investment at a value of $1.6 billion.
This percentage amounts to 3 percent, with a value of $1.5 billion, in Turkey’s neighboring countries, including Georgia, Azerbaijan, the countries of the Near East, the Middle East, and the Gulf states.
The Netherlands ranked first with 189 Turkish investments by the end of 2022, with a capital of $21,238,600,000.
In second place, the United Kingdom came with 88 investments, with a capital of 4 billion 450 million 711 thousand dollars.
In the United States, it amounted to 177 investments worth two billion and 683 million and 571 thousand dollars, and in Germany 166 investments amounting to two billion and 887 million and 538 thousand dollars.
Finance and insurance activities ranked first in foreign investments for real and legal individuals in Turkey, with a rate of 70.2 percent.
It is expected that during the current year 2023, Turkey will break the numbers of foreign investments flowing into the country during the past year, with the acceleration of investment and the growth of the local economy.
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