$240 million of international direct investment came to Turkey in February

International direct investment (FDI) inflows to Turkey amounted to $240 million in February.

The Foreign Investors Association (YASED) published the Bulletin on International Direct Investments with Figures after the announcement of the Central Bank of the Republic of Turkey’s Balance of Payments statistics.

According to the bulletin, in February, FDI inflows amounted to $217 million through investment capital entries and $152 million through real estate sales to foreigners. With investment divestments affecting $15 million downward and borrowing instruments affecting $114 million downward, the total FDI inflow was calculated at $240 million.

In the investment capital inflows of $217 million that occurred in February, “manufacture of furniture and other unspecified manufacturing industries” took the lead with a share of 20.3 percent at $44 million. The share of wholesale and retail trade was 19.8 percent.

Most of the investment came from Ireland In terms of FDI attracted by Turkey in February, Ireland had the highest share with 18 percent, followed by Germany with 15 percent, the United Arab Emirates (UAE) with 13 percent, Italy with 10 percent, and Sweden with 8 percent. The share of European Union (EU-27) countries, which had a 59 percent share in FDI between 2002 and 2023, in February was 61 percent.

On the other hand, FDI inflows decreased by 29 percent in the first two months of 2024 compared to the same period last year. The total value of FDI inflows to Turkey since 2002 exceeded $264 billion.

source: aa.com.tr/ prepared by Melisa Beğiç

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