Approximately $1.2 billion of direct investment came to Turkiye in October

International Investors Association (YASED) announced that there was an international direct investment (UDY) inflow to Turkiye worth $1 billion 188 million in October.

YASED published the International Direct Investments Bulletin in Figures following the announcement of the Balance of Payments statistics of the Central Bank of the Republic of Turkiye.

Accordingly, the amount of FDI entering Turkiye in October was $1 billion 188 million. The amount in question was recorded as the highest inflow in 2023 after April. The amount of international direct investment entering Turkiye in the 10 months of the year decreased by 31% compared to the same period of 2022, reaching $7.8 billion.

Of the FDI inflow in October, $664 million was investment capital inflows, $223 million was real estate sales to foreign nationals, and $345 million was debt instruments. Investment liquidations had a downward impact of $44 million.

Electricity, gas, steam and air conditioning sectors came to the fore

While investment capital inflows in October had a total volume of $664 million, electricity, gas, steam and air conditioning production and distribution stood out in the sectoral composition with an investment of $182 million (27% share). “Transportation and storage”, “construction” and “wholesale and retail trade” were the other sectors with the most investments, with a share of 14% each.

France and the Netherlands ranked first

In October 2023, European Union countries continued to be the largest source of investment capital inflows to Turkiye with a share of 69%.

Among the top 5 sources of investment capital inflows to Turkiye, France constituted 25% of the total, followed by the Netherlands with 21%, the United Arab Emirates (UAE) with 16%, Germany with 15% and the United Kingdom with 9%.

Source: Trthaber / Prepared by Irem Yildiz

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