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Published On: Sun, Dec 23rd, 2018

Turkey received $8.1b in foreign investment in 9-month

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Ankara(ANN)-Turkey received $8.1 billion in net international direct investment from January to September 2018, the Industry and Technology Ministry announced on Friday, as reported on Anadolu Agency. 

The sum of net foreign direct investment (FDI) was $7.76 billion in the same period of 2017.

According to the official data, the amount of net FDI the country received was $1.06 billion in September, while the highest amount of FDI was seen in August with $1.3 billion during the 9-month period.

Regarding equity investment, which is the leading item on the overseas direct investment account, direct inflow to Turkey was some $4.26 billion, with 64.8 percent of this amount coming from the European Union.

During the period, Italy ($478 million), Austria ($418 million) and the Netherlands ($338 million) were the top three European sources of direct capital inflow.

Meanwhile, $997 million FDI came from Asian countries and $249 million from the US in the same period.

$943 million of the total equity capital entry was in the manufacturing sector, followed by the financial intermediation sector with $916 million.

Including 27 branch offices, a total of 4,918 new foreign-backed firms were established in Turkey, while 87 local companies benefited from international participants.

Last year, Turkey attracted $10.94 billion in net international direct investment, $7.45 billion of which was equity investment inflow.

About the Author

- Arraale Mohamoud Jama Freelance Journalist and Human Rights Activist Arraale, is a 20 year experience as a professional Journalist and human rights activist Over the years, worked for the major News Papers in Somaliland as a reporter, editor and contributor. 2008 established website Araweelo News Network, he currently runs a web site based in Somaliland. who is the specializes in the investigation and reporting on issues relating to human rights, democracy, and good governance. contact: Send an SMS or MMS to + 252 63 442 5380 WhatsApp + 252 65 910 7347.

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Araweelo is an Associated Network News, The most trusted source for news & Political,investigator report,Human Rights Issues,Educations,Social and Democracy ,Latest News Horn of Africa. runs Arraale Mohamoud Jama Freelance Journalist and Human Rights Activist based in Somaliland.

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