Turkey attracted $1.5 billion in international direct investment

The Netherlands, the United States, and Germany leading the list of countries with the highest international investment inflows from January to March.

The International Investors Association (YASED) published the Bulletin on International Direct Investments with Figures following the announcement of the Balance of Payments Statistics by the Central Bank of the Republic of Turkey.

According to the data, the total international direct investment inflow to Turkey in March amounted to $336 million, while this figure reached $1.5 billion in the first three months of 2024.

Within the total international direct investment inflow realized in the first quarter, investment capital entries amounted to $1.218 billion, and real estate sales to foreigners accounted for $796 million.

With the negative effects of debt instruments amounting to $112 million and investment disinvestments amounting to $424 million, the total international direct investment inflow in the first quarter reached $1.5 billion.

Financial activities attracted the most investment During the January-March period, the total volume of investment capital entries was relatively limited compared to the previous quarter and the quarterly average of previous periods, with the service sector standing out in terms of sectoral composition.

The majority of investment capital entries were in the “financial and insurance activities,” “wholesale and retail trade,” and “mining and quarrying” sectors. Out of the $257 million investment inflow in the financial sector, $249 million was attracted by “other financial service activities” excluding banking and insurance activities.

Netherlands led in the first quarter In the first quarter, European Union (EU) countries continued to be the largest source of investment capital inflows to Turkey, accounting for 58% of the total.

When investment capital entries were examined by country, the Netherlands took the lead with a 25% share, followed by the United States with 21% and Germany with 12%.

source: prepared by Melisa Beğiç

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