Türkiye attracts investment worth $262B in 21 years

Türkiye has drawn $262 billion in investment since 2003, as stated by Burak Daglioglu, the head of the Presidential Investment Board

Addressing the 43rd Ordinary General Assembly of Türkiye’s International Investors Association (YASED) on Wednesday, Burak Daglioglu, the head of the Presidential Investment Board, highlighted the significant growth in the presence of international companies in the country over the past two decades.

Daglioglu emphasized that Türkiye has transformed from a middle-to-low-income economy to a middle-to-high-income one with a substantial rise in income per capita from $3,000 to $13,000 since 2003. Additionally, he pointed out the remarkable increase in Türkiye’s global export share from less than 0.5% to over 1.1%. He further expressed the country’s ambition to elevate its income per capita to over $15,000 and increase its share of global direct investment from 1% to 1.5%. 

He also mentioned that Türkiye has attracted $262 billion in investments since 2003 and emphasized the substantial contribution of foreign companies to employment and research and development expenditures in the country. He commended YASED members for enhancing the investment environment in Türkiye, promoting value-added growth, and integrating Turkish companies into international supply chains. 

During the event, Humberto Lopez, the World Bank country director for Türkiye, praised Türkiye’s significant progress in advancing renewable energy, noting that the country currently derives 55% of its electricity from renewable sources. He emphasized the importance of private sector efforts in adapting to the evolving energy landscape to maintain competitiveness. 

YASED President Engin Aksoy highlighted the role of international investors in driving sustainable development in Türkiye across various sectors, supporting production, exports, and employment. He stressed the significance of combating inflation, implementing rational policies, and ensuring transparency in pricing mechanisms to bolster confidence in the country. 

Source: Newsroom