Turkey attracts $2.2 billion in FDI in first quarter: Agency

ANKARA

Turkey attracted $2.2 billion in investments in the first quarter of 2018, Arda Ermut, the president of Turkey’s Investment Support and Promotion Agency (ISPAT), said on June 7. 

Speaking at Anadolu Agency’s Finance Desk in Istanbul, he said Turkey also attracted 1 percent of all foreign direct investments in the world in the last 15 years.

“We do not see a perceptual disorder in investors who invest directly in our country,” Ermut stressed.

He said investors’ perception comprised in the long term and Turkey’s performance in the last 15 years had influenced this result.

“Based on this performance, there is confidence and long-term investments in our country,” Ermut added.

Turkey attracted $10.83 billion in net international direct investment last year, $7.44 billion of which was equity investment inflow, the Economy Ministry announced in February.

Compared with the previous year, the amount of net FDI fell 18.8 percent, from $13.34 billion in 2016.