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Asharq Al-Awsat
Asharq Al-Awsat
Business
Ankara - Saeed Abdulrazzak

Turkey Attracts $8.1 Bn in Foreign Investment in Nine Months

AAWSAT AR

Turkey received $8.1 billion in net international direct investment in the past 9 months.

The sum of net foreign direct investment (FDI) was $7.76 billion in the same period of 2017, the Industry and Technology Ministry announced.

According to the official data, the amount of net FDI the country received was $1.06 billion in September, while the highest amount of FDI was seen in August with $1.3 billion during 2018.

Regarding equity investment, which is the leading item on the overseas direct investment account, direct inflow to Turkey was some $4.26 billion, with 64.8 percent of this amount coming from the European Union.

During the period, Italy ($478 million), Austria ($418 million) and the Netherlands ($338 million) were the top three European sources of direct capital inflow.

Meanwhile, $997 million FDI came from Asian countries and $249 million from the US in the same period.

Last year, Turkey attracted $10.94 billion in net international direct investment, $7.45 billion of which was equity investment inflow.

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