Burak Daglioglu, head of the Turkish Presidency’s Investment Office, is optimistic about the trajectory of foreign direct investment (FDI) inflows into Turkey for the year ahead. He foresees robust momentum driven by heightened investor interest in Turkey’s economic prospects.
“2024 has commenced with promising signs for our economy. We are witnessing a growing investor interest in our engagements,” Daglioglu expressed during an interview with a Turkish news agency on Tuesday.
Citing data from the Turkish Central Bank, Daglioglu underscored that Turkey attracted USD 10.6 billion in foreign direct investment (FDI) throughout the previous year.
He further highlighted key countries contributing to FDI inflows into Turkey, including the Netherlands, Germany, the United Arab Emirates, Qatar, Russia, France, the UK, Ireland, the US, and Switzerland.
Daglioglu emphasised Turkey’s deepened collaboration with the Gulf region, which has significantly bolstered investment activities. “Turkey has emerged as the primary destination for manufacturing investments from Central and Eastern Europe (CEE) and the Middle East and North Africa (MENA) region, capturing a notable share of 21.7 percent over the last decade,” he noted.
In 2023, the manufacturing sector emerged as the top choice for foreign investors, securing 30.7 percent of investments. Following closely were the trade and finance sectors, attracting 17.6 percent and 10.7 percent of foreign investment, respectively.
While acknowledging the decline in global foreign direct investment (FDI) flows in the previous year due to stringent monetary policies and geopolitical tensions, Daglioglu remains optimistic. “However, as we enter 2024, signs of recovery in global investments have begun to surface,” he affirmed.
