Turkey To Attract More FDI Despite Global Reduction

Having received around $13 billion in foreign direct investment (FDI) in 2018, Turkey will continue to attract more investments from across the globe, according to strategist and analyst Cüneyt Paksoy.

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Commenting on the 2019 Global Investment Report of the United Nations Conference on Trade and Development (UNCTAD), Paksoy said Turkey attracted more investment in an era when the global FDI was seeing a downward trend. If Turkey diversifies investment instruments and completes its reforms in justice, education, agriculture and livestock, it can steer global FDI, Paksoy told. Last year, the FDI received by Turkey increased by 13%, while the global flows of FDI saw a decrease of 13% to drop $1.3 trillion, according to the report published in June. The decline – the third consecutive year’s fall in FDI – represents the lowest level since the global financial crisis and according to the report, underlines the lack of growth in international investment this decade. The report said FDI dropped by 27% in developed countries, while developing country flows managed to hold