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FinancialNews
31-01-22
US as 2nd biggest nation to invest in Turkey with USD1.1B
(MENAFN) According to official data released by Turkey on Saturday, the US is the second-biggest nation that invests in Turkey with more than USD1.1 billion investments throughout last year.
Based on the latest data published by the Investment Office of the Presidency of the Republic of Turkey, foreign direct investment (FDI) arrivals to the country jumped by 87 percent during the first 11 months of the previous year.
The US has been one of the key foundations of FDI in Turkey over the last 20 years with the overall amount of FDI arrivals between 2006 and 2021 hitting USD14 billion.
As of the first six months of 2021, there were around 2,000 American firms functioning in the country in a number of industries varying from automotive to chemicals, from ICT to energy, as well as food and beverages.
MENAFN31012022000045013568ID1103616474
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