Türkiye sees strong foreign direct investment growth in 2024, reaching $7B

Türkiye attracted $7.67 billion in foreign direct investment (FDI) during the first nine months of 2024, marking an 8% increase compared to the same period last year, according to the International Investors Association (YASED) on Tuesday.

Equity capital inflows reached $4.33 billion, with wholesale and retail trade leading the sectors, drawing $932 million, or 22% of the total investment.

Real estate investments from foreign investors also saw significant activity, totaling about $2.2 billion during the period.

Top investors in Türkiye

The Netherlands emerged as the largest source of FDI, contributing 19% of the total, followed by Germany at 12% and the United States at 11%, reflecting strong international confidence in Türkiye’s economy.

Meanwhile, in September, Türkiye attracted $1.1 billion worth of FDI, said YASED.