Türkiye attracts $497M in foreign direct investments in August
2 dry cargo ships collided off Uskudar, Istanbul, Türkiye, Oct. 3, 2024 (IHA Photo)
Türkiye received $497 million in foreign direct investments (FDI) in August, with significant contributions from Germany, Switzerland and the Netherlands, according to data released by the Turkish International Investors Association (YASED) on Friday.
Breakdown of investment sectors
Of the total FDI in August, $238 million was recorded as investment capital, while $201 million came from real estate sales to foreign buyers. Key sectors attracting investment capital included:
- Wholesale and retail trade accounted for 16% with $46 million
- Food, beverages and tobacco manufacturing also made up 16%
Other sectors drawing significant investments were:
- Chemical and pharmaceutical products with 11%
- Information and communications technologies at 9%
Leading countries for FDI
Germany led the list of countries investing in Türkiye in August, contributing 12% of the total FDI, followed by Switzerland (11%) and the Netherlands (10%). The U.S. and France both made up 9%, while Luxembourg and Taiwan followed closely with 9% and 7%, respectively.
The European Union accounted for 54% of international investments in the same period.
FDI trends for 2024
From January to August 2024, Türkiye attracted $6.41 billion in FDI, a slight decrease of 2% compared to the same period last year. The Netherlands, Germany and the U.S. were the top three investors over the eight-month period, making up 20%, 15%, and 13% of the total, respectively.
Since 2002, Türkiye has received a total of $270 billion in foreign direct investments.
