Türkiye set to reach $90B target in foreign direct investment

The 15th Türkiye Investment Conference, organized by the Turkish-American Business Council (TAIK), has seen the highest level of interest from investors in recent years. TAIK Chairman Murat Ozyegin stated that the improvements in Türkiye’s economy and the progress of its program have positively influenced participation in the meetings, noting, “Türkiye has started to see the results of its program.” Ozyegin also said Türkiye could attract $90 billion in direct investment.

Ozyegin highlighted that Treasury and Finance Minister Mehmet Simsek, along with President Erdogan, presented a Medium-Term Program (MTP) to CEOs at the meeting, and added, “We observed a strong interest in Türkiye from investors during both the portfolio investors’ meetings and the MTP presentation.”

Ozyegin also noted that “Türkiye’s spreads have narrowed by 3 points. Our current account deficit has dropped from a peak of $57 billion to $19 billion. Our CDS levels have fallen. A similar program was implemented in Turkey between 2003 and 2005. Following that, there was a direct international capital inflow of $25 billion in 2005, $30 billion in 2006, and $32 billion in 2007. We expect a similar capital inflow, reaching $90 billion over the three-year period of 2025-2027.”

Regarding portfolio investors, Ozyegin remarked, “Portfolio investors are coming to Türkiye in the way we desire. Our biggest expectation is to link the end of portfolio investments to direct investment by carrying out the structural changes demanded by investors.”

Ozyegin also emphasized the improvement in relations between Türkiye and the United States, noting, “The most significant aspect of this is the economic changes. There is widespread optimism in the relationship in every respect.”