Posted on 14 February 2011
The Money Keeps Pouring In
2007 FDI in Turkey hits record-high net $21.9 billion.
Foreign direct investment (FDI) in Turkey rose 9.8 percent to hit $21.9 billion in 2007 the Undersecretariat of the Treasury announced in its monthly “Foreign Direct Investment Data” bulletin published yesterday. Of this, amount, $234 million was through real estate sales.
Last year the highest FDI was seen in the field of financial services, (mainly banks), at $11.4 billion, while property leasing took in $905 million.
Of the total FDI last year, $12.7 billion came from European Union countries. $5.7 billion from Holland, $1 billion from Germany and $688 million from the UK.
At the end of 2007, there were 18,308 Turkish companies with foreign capital. Of the foreign companies operating in Turkey – 3,125 are Germany, 1,831 are British and 1,419 are Dutch.
Abridged from Today’s Zaman 22 February 2008