Turkey: Foreign investment falls 9.6 pct in first half

ANKARA (AA)

Hürriyet photo

Foreign direct investment (FDI) in Turkey reached $6.3 billion in the first half of the year, the Turkish Economy Ministry said in a statement on Aug. 21.
      
FDI decreased by 9.6 percent compared with the $7 billion invested in the same period last year, the statement said.
      
The energy sector took in the largest amount of FDI at $1.27 billion, and manufacturing sector followed at just over $1 billion.
      
About 40 percent of total FDI came from the EU.
      
Close to $1.7 billion, about 38 percent, was from Asia, including Gulf Countries, up from $631 million in the same period last year.
      
There were 141 new foreign-funded companies established in June 2015, making a total of 44,245 companies with international capital operating in Turkey.
      
More than 6,238 were funded by German capital while U.K. investors financed 2,830.