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Turkey’s Foreign Direct Investment up 70% in 2011

Posted on 19 January 2012

19 January 2012, Gaziantep – Speaking in the SE city of Gaziantep, Mr Ilker Ayci, President of Turkey’s ‘Investment Support and Promotion Agency’, said “Turkey has attracted 70 percent more FDI in the first 11 months of 2011 over the same period of the preceding year, reaching USD 12.1 billion” before adding “This is clearly not enough. We intend to reach 2007 levels first”. Turkey has seen a big increase in Foreign Direct Investment which and has reached 30,000 companies in 2011. As an example Ayci pointed out that because Gaziantep closeness to its Middle Eastern neighbours “Gaziantep hosts 300 such companies and is on its way to becoming a centre of trade and industry for the whole Middle East region”. Outlining the Agency’s aims Ayci said “Technology transfer, export potential and employment creation are the three main points we seek in our efforts to draw foreign companies to Turkey. Exports are particularly important, as Turkey plans to export USD 500 billion worth of goods by 2023, while being among the top 10 economies”. Source: Invest in Turkey

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