Direct investment of 497 million dollars came to Turkey in August

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Lerato Khumalo

In the bulletin of the International Investors Association (YASED), it was reported that 497 million dollars of international direct investment came to Turkey in August.

YASED published the “International Direct Investments in Numbers” bulletin, following the announcement of the Balance of Payments Statistics of the Central Bank of the Republic of Turkey.

According to current official data, the total amount of International Direct Investment (UDY) coming to Turkey in the 8 months of the year was recorded as 6.41 billion dollars. While a 2 percent decrease was recorded in this period compared to the same period in 2023, the total value of FDI inflows to Turkey since 2002 approached 270 billion dollars.

While there was a FDI inflow of 497 million dollars to Turkey in August this year, 283 million dollars of these investments were in the form of investment capital.

Of the total FDI in August, $201 million was recorded through real estate sales to foreign nationals and $35 million through debt instruments. The downward impact of investment liquidations worth $22 million in the same month was noteworthy.

In the investment capital inflows worth 283 million dollars in August, wholesale and retail trade took a 16 percent share with an investment inflow of 46 million dollars.

Food, beverage and tobacco product manufacturing accounted for 16 percent of investment capital inflows in the same period, with a performance above the previous cumulative performance.

EUROPEAN UNION COUNTRIES RECEIVED A 54 PERCENT SHARE

EU countries, which had a 59 percent share in the total period of 2002-2023, received a 54 percent share in August. In the same month, non-EU European countries became the second region that invested the most in Turkey, with a share of 16 percent.

In August 2024, Germany had the largest share with 22 percent, followed by Switzerland with 11 percent, the Netherlands with 10 percent, the USA with 9 percent, France with 9 percent, Luxembourg with 8 percent and Taiwan with 7 percent.

When the total of 8 months of the year is evaluated, the three countries that invested the most in Turkey are the Netherlands with a share of 20 percent, Germany with 15 percent and the USA with 13 percent.