President of the Presidency Investment Office Burak Daglioglu stated that the amount of foreign investment that came to Turkiye last year was $13.3 billion and said, “We think we can attract more investment than we did last year. There is a very positive trend in this context, the interest of the investor continues to increase.”
President of the Presidency Investment Office Burak Daglioglu, in London, where he was to meet with international investors, answered questions about the interest of international investors in Turkiye, Turkiye-England economic relations and sectors where investments can gain momentum in the future.
Daglioglu shared the information that last year foreign investments in Turkiye amounted to $13.3 billion and said, “As we always say, we generally get a 1% share from the investments in the world. Our goal is to increase this to 1.5%. The data for the first 4 months of this year have been announced and we are talking about an investment of approximately $4 billion (during this period).
The last twelve months’ data has exceeded $14 billion. We think we can attract more investment than we did last year. In this context, there is a very positive trend, the interest of the investor continues to increase. In the post-election period, international investors have turned their attention to Turkiye. The increase in these investments in the coming months will not be a surprise.”
One-on-one meetings with British companies for investment projects
Daglioglu stated that the trade volume between Turkiye and the UK is approximately $19 billion, and that of the more than $250 billion of international direct investment Turkiye has received in the last 20 years, $13.5 billion is made by UK-based companies.
Noting that approximately 3,200 UK-based companies operate in Turkiye, Daglioglu said that a wide financial investor base, including finance companies, development capital investments and technology investments, has invested in Turkiye from the UK.
Noting that the manufacturing, telecom and energy sectors also draw attention in terms of the presence of British investors, Daglioglu noted that they are working to advance private investment projects and projects on the agenda by meeting directly with companies in London within the scope of the Century of Turkiye.
“Turkiye is solid and growing fast”
Daglioglu stated that they see investment opportunities in certain areas by taking into account the developments in the world, geopolitical developments affect supply chains, and sustainability and digitalization stand out as important agenda items.
On the other hand, Daglioglu stated that there are some difficulties in “reaching talent and competence” in the world. “Our claim is that Turkiye has already become a production, R&D, logistics and management center in its region. Now we think that we can make Turkiye a center that provides access to international markets.
Here, we think that England will contribute to Turkiye due to its strong industrial background and being a financial center in its region. In technology entrepreneurship, which is an important agenda in Turkiye, we can earn significant investments and get financing from Turkiye.”
Daglioglu continued his speech as follows:
“In the period we are talking about for the next 5 years, Turkiye will show them that it is a strong partner of international investors as it has been in the last 20 years. Turkiye is a robust, resilient and fast growing country, it keeps the investment environment and climate updated in line with new trends through continuous reforms.
It offers an investor friendly investment environment. Turkiye’s deep and wide talent pool is attractive to investors and Turkiye’s unique geographical location. We’re talking about a country that provides access to global markets at the intersection of Asia, Europe and Africa.”
Investors’ interest in green economy is increasing in Turkiye
Indicating that Turkiye’s investment move in renewable energy has been going on for a long time, Daglioglu stated that in addition to the increase in renewable energy capacity, Turkiye plays a critical role in equipment production and supply chain for the sector.
Daglioglu reminded that more than half of Turkiye’s installed power exceeding 100 gigawatts is made up of renewable energy sources, especially in wind and solar energy equipment with a high domestic production rate.
Noting that they will continue to attract investors in the production of clean energy as well as in the production of equipment, Daglioglu stated that nuclear is also called a green energy source and that very serious capacities will be created in this field in the coming period.
Daglioglu said, “We see that investors’ perception of the green economy has increased in Turkiye. The UK also draws attention as one of the main countries providing financing to these projects, investors.”
Source: Trthaber / Prepared by Irem Yildiz