The Money Keeps Pouring In

Posted on 14 February 2011

Date: 26/02/2008
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.

Istanbul had the highest number with 10,053 firms, followed by Antalya with 2,283 and Ankara.

Abridged from Today’s Zaman 22 February 2008

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