As of the end of August, foreign direct investment (FDI) mounting to $2.3 billion from Europe, $1.7 billion from Asia and $0.3 billion from other regions flowed to Turkey, while investments by Asian residents surged by 91.3%.
According to the Central Bank of the Republic of Turkey (CBRT) data, $4.2 billion in foreign direct capital investment were made in Turkey from January to August, up by 11% compared to the same period last year.
On the basis of regions, the highest investment of $2.25 billion came from Europe in the eight-month period, followed by Asia with $1.7 billion, the Americas with $306 million and Africa with $31 million.
During this period, 52.6% of direct investment in Turkey was made by European investors, 39.5% by Asian investors, 7.2% by American investors and 0.7% by African investors.
In the January-August period last year, Turkey had attracted $2.7 billion in investments from Europe, $885 million from Asia, $227 million from the Americas and $1 million from Africa.
Asian investors’ direct investments in Turkey at the end of August rose by 91% compared to the same period last year, while European investments declined by 16.8 % during the same period, the data revealed. So, Asia closed the gap to a large extent with Europe, which has been the leader in direct investments in Turkey for years.
