Turkey attracts $7 bln direct investment in 8 months: Agency chief

ISTANBUL - Anadolu Agency

Turkey attracted nearly $7 billion in direct investment in the first eight months of 2018, the head of the country’s presidential investment office has said.

This figure was almost the same with the last year’s January-August period, Arda Ermut told state-run Anadolu Agency on Oct. 12.

He noted that Turkey is expected to attract over $11 billion direct investment by the end of the current year, which is more than the 2017’s figures.

“When looking at economic issues […] it is important that figures did not drop compared to the last year,” he said, adding: “But we think that Turkey’s investment potential was much higher.”

The year 2019 will be a positive one with regards to investments due to structural measures, Ermut said.

“Turkey will continue to attract the attention of international investors,” he said.