Türkiye targets 1.5% of global FDI by 2028
A cargo ship passes through the Bosporus with skyscrapers in the background in Istanbul, Türkiye, Jan. 15, 2023. (Reuters Photo)
Türkiye has unveiled its Foreign Direct Investment (FDI) strategy for 2024-2028, aiming to significantly increase its share in global and regional FDI inflows. The detailed plan, titled “Türkiye Foreign Direct Investment Strategy 2024-2028,” was revealed in the country’s Official Gazette and by the Investment Office on Monday.
Strategic goals
The main goal of this strategy is to elevate Türkiye’s global FDI share to 1.5% and its regional share to 12% by 2028. This ambitious plan is built on Türkiye’s dynamic and robust economy, geostrategic location, and world-class transportation infrastructure, which collectively enhances companies’ access to global markets.
Economic and business environment
Türkiye’s continuous improvement in its business and investment environment over the past 21 years has been marked by investor-friendly reforms, infrastructure investments, and attractive incentives. These efforts have positioned Türkiye as a leading destination for FDIs. From 2003 to 2023, the country attracted $262 billion in FDI, ranking second in its region.
Growth in multinational companies
The number of multinational companies operating in Türkiye has grown from 5,600 to over 80,000 in the same period. Türkiye has become a regional hub where these companies support their production activities with R&D centers, design teams, logistics bases, and management centers.
Future outlook
Looking ahead, Türkiye aims to transform from a regional economic hub into a global economic powerhouse. The full strategy report is available on the Investment Office’s website.
Read the full strategy report here.
