Netherlands, US and UK top investments in Turkey

  • 2020-12-15 01:12 AM
  • Economic News

Netherlands, US and UK top investments in Turkey

In a statement issued by the Turkish Economy Ministry, the Netherlands, the United States and Britain lead investments in Turkey, more than $164 billion in global investments in Turkey since 2003.

"Turkey has attracted $165 billion in foreign direct investment since 2003, in several areas, including energy, industry, finance and mining, while the Netherlands, the United States and Britain have acquired one third of these investments," the Turkish newspaper YENISAFAK reported.

Turkey has strengthened its position as an attractive country for foreign capital from different regions of the world, thanks to its long-term potential and opportunities to investors, as well as its geographical and political importance.

Turkey attracted huge foreign investment in various sectors, and was the top-preferred country for its proximity to The European and Middle East markets.

According to information collected by The Anatolian Correspondent from the Central Bank of Turkey, the volume of foreign direct investment sought by investors from outside Turkey amounted to USD 164.6 billion over 18 years.

2007 saw the largest foreign direct investment in the country's history, amounting to $19.1 billion.

Europe is the largest source of foreign direct investment in Turkey, accounting for 73 percent of the total volume of foreign direct investment.

European investments over the past 18 years have reached $120.1 billion, while Asian investments have reached $29 billion and the United States $14.3 billion.

** Netherlands tops

The Netherlands is Turkey's largest investment partner, investing in many sectors and sectors, including ports, real estate, construction, agriculture and aviation, electronics, automobiles and tourism.

The Netherlands made $26.2 billion worth of investments in Turkey during the period, with 16 percent of foreign direct investment in Turkey during that period.

The Netherlands was the most invested country in Turkey in 2004, 2006, 2007, 2014, 2016 and 2017; its investments last year amounted to $1.2 billion, and $396 million in the first nine months of 2020.

** United States and Britain

The United States is turkey's second most heavily invested country after the Netherlands, with $12.9 billion invested in the country over the past 18 years in several areas, most notably finance and technology.

The United States made its largest investment in Turkey in 2007 in the banking sector, with $4.2 billion in investment.

Over the years 2007, 2011, 2015, and 2020, the United States was among the 5 most invested countries in Turkey, with 7.8 percent of total foreign investment.

Turkey's third largest investment country is Britain, with a total of $11.6 billion during the period, and turkey's $2 billion most invested in 2012.

Its investments are mostly in the energy, infrastructure, tourism, finance and telecommunications sectors.

It was among the five most invested countries in Turkey 11 times in 18 years, while Britain's investment in Turkey accounted for 7.1 percent of total foreign investment.

** Austria present

Austria increased its investments in Turkey after 2006 and over the years 2009, 2010 and 2011, it was at the top of the list of countries most invested in Turkey.

Most of Austria's investments were concentrated in the wholesale, retail and energy sectors;

In the last 18 years, Austrian investments in Turkey have reached $10.6 billion and ranked fourth among the most invested countries in Turkey.

** Germany 

Germany has increased its investments in Turkey significantly over the last 18 years, and German investors have preferred Turkey as a regional hub for their investments in many areas, most notably the automotive, energy and petrochemical industries.

Germany has made investments of $10.1 billion over the past 18 years and has been the fifth most invested country in Turkey.

Luxembourg, Spain, Belgium, France and Azerbaijan are among the top 10 countries investing in Turkey; they invest in Turkey in various sectors such as automotive, banking, energy, insurance, petrochemicals and food.

** Gulf investments

Gulf investments in Turkey over the last 18 years have reached USD 11.4 billion, and 2005, 2006 and 2008 were the most years of Gulf investment in Turkey.

The UAE ranks first among the Gulf countries in investments in Turkey, with investments of $4.3 billion, and Qatar is second with $2.7 billion.

Saudi Arabia comes in third with $2 billion, and Kuwait is fourth with $1.9 billion.

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