Turkey wants more investors

  Date posted: 11th of May 2012

According to the head of the official investment agency of Turkey, Turkey aims for 2012 to at least match the total amount of Foreign Direct Investment that Turkey achieved in 2011.

Investment Support and Promotion Agency of Turkey (IPSAT) President, Ilker Ayci said in a press meeting that due to Turkey’s recent success, that 2012 should be a year of further growth and development that should at least match 2011.

In 2011, Turkey achieved an inflow of FDI that amounted to USD 13 billion in total. Ayci said: “Due to the volatile economic environment in Europe, our 2012 target is to reach at least the last year’s total.”

Ayci said that in order to maximise potential FDI in to Turkey, the agency has stepped up efforts to attract more high tech investments to Turkey with sector specific investments. Ayci said: “We are in contact with companies with high tech products which can add to Turkey’s export portfolio. Our aim is to draw investments that include the local production of previously imported goods and materials. The Agency has designated automotive and petrochemical producers as primary objectives and will soon add the mining sector as well.” According to Ayci there are 35 possible foreign companies that Turkey is keen to work with in order to make this a reality.