Turkey attracts 6.5 billion USD of foreign investment in first 5 months of 2012

Istanbul, 16 July 2012 – Mr Zafer Caglayan, Turkey’s Minister of Economy, has announced that Turkey attracted 6.5 billion USD of Foreign Direct Investment (FDI) in first 5 months of 2012 showing an increase of 11 percent over the same period in 2011. According to Caglayan, Turkey is attracting the foreign investment because it stands out as a haven for international investor –  “EU countries remained as Turkey’s main sources of FDI in the January-May period with 78 percent of investments originating in European countries. In particular, USD 1.9 billion came from theUK, USD 1.2 billion from Austria and USD 500 million from the Netherlands” said Caglayan. Turkey has been benefiting from the new investment incentive scheme introduced in June and will continue to attract FDI for the foreseeable future. Turkey attracted 15.7 billion USD of FDI in 2011 in itself an increase of 77 percent over 2010. Source: Invest in Turkey