EUR
enTurkey’s strategy to attract international investments for 2024-2028 has been published.
The "Official Gazette" published a presidential circular on Turkey’s foreign direct investment (FDI) strategy for the period 2024-2028. The main goal is to increase Turkey’s share of OFDI to 1.5% by 2028. Between 2003 and 2023, the number of transnational companies in Turkey increased from 5,600 to more than 80,000. Turkey has become a regional economic center, attracting $262 billion in FDI and ranking second in the region in terms of investment.
The 2024-2028 strategy aims to transform Turkey from a regional economic center into a global economic power. The paper analyses the impact of global events, such as pandemics and geopolitical tensions, on international investment. Particular attention is given to factors such as proximity to raw materials and markets, diversification of supply chains and sourcing from friendly countries.
Eight priority areas for OFDI have been identified:
- Climate-friendly investments
- Digital investment
- Global supply chain investments
- High-tech investment
- Investment in skilled employment
- Investment in value-added services
- Skilled financial investment
- Investments supporting regional development Action plan 2024 includes 81 activities, The Coordination Board for Improving the Investment Climate will monitor implementation of these measures in conjunction with relevant institutions and organizations.
