Foreign capital inflow to Turkey ‘will rise once investment environment improves’

ISTANBUL

The general manager of Philip Morris/Sabancı Turkey has said an improved investment environment in Turkey will bring about a flow of foreign capital, at a G-20 themed youth summit.

Speaking at the G-20 Young Entrepreneurs’ Alliance Summit, which brings together young entrepreneurs with leading figures of the world economy, Enrique Jimenez said that Turkey has a high investment potential. 

Speaking at the session titled “Turkey as an Attraction Center,” held in Istanbul and hosted by TÜGİAD (Young Businessmen Association of Turkey), Jimenez said that Philip Morris/Sabancı exported to 22 countries in 2014 and was therefore walking with firm steps on the way of becoming a base for exports.

Philip Morris/Sabancı has invested $680 million in Turkey so far and will make another significant investment in Turkey of around $80 million. 

“Philip Morris International, which has more than 40 plants all around the world, has chosen our Torbalı plant in the Aegean province of İzmir for its new investment. This plant has been chosen as the best plant of Philip Morris International two times in a row. With the new investment of $80 million, our export capacity will be improved,” he said.