Why you should invest in Turkey

 

As the Turkish market has many investment advantages that have made the market successful in attracting many successful foreign investments, however, like any other foreign market, it is not without challenges and peculiarities that must be recognized and understood in order to include them in the feasibility study with the aim of neutralizing or reducing the level of exposure to risks in the future.

For many reasons, some of which are related to the Turkish market, and some are related to the foreign investor, the benefit of investors coming from our Arab markets constitutes only a small part of the total foreign investment in the Turkish market, especially what is guaranteed by the Medium and Simple Investment Framework (SME), where the Turkish market lacks providers Investment advisory service for this segment and for those coming from our Arab markets. At the same time, the foreign investment support centers, which operate in all states of the Turkish Republic as arms of the Turkish Ministries of Investment and Finance, with which we work closely, were unable to bridge this gap formed between the Arab investor and the Turkish market.

 

Therefore, the countries of the European Union occupy the first ranks in the volume of foreign investment represented by those investments coming from the Netherlands and then Germany, and when we leave this ocean we find American investments come later. This applies to all types of investments in the Turkish market (whether foreign direct investment, financial, or commercial).

 

 

Based on our presence in the Turkish market and our accumulated practical experience in all stages of foreign direct investment and our knowledge of the specificity of the Turkish market, we stand confidently behind our encouraging vision and our positive assessment of the Turkish market as an investment market, especially in the current time frame, and compared to other markets, whether in the Middle East or From a global perspective

 

Turkey is a prominent center of attraction for international investors with broad production potentials, qualified manpower, strategic location, modern logistics infrastructure and incentive packages that cater to any needs. 

 

Turkey has the required means to access a giant market of 1.3 billion people and US$26 trillion worth of trade volume with a four-hour flight radius. In addition to these advantages for trade, Turkey is among the most reliable routes of transporting energy sources on the east-west axis.

Turkey’s rapid economic growth has led to the emergence of a thriving middle class with increased purchasing power over the last 19 years.

More than 24 cities with over 1 million populations each support a developing domestic market in Turkey, hence providing a growing local demand for multinational companies with young and dynamic population, with an age average of 32.7. Compared to other EU member states, Turkey has the youngest population; and is also ranked among the top echelon of nations worldwide in terms of the number of qualified engineers.

 

The market has further reinforced this competitive position with the reform process which has been conducted uninterruptedly for the last 19 years. 

Moreover, an investor-friendly environment which facilitates and enables the development of a dynamic private sector has been created. In 2003, a special FDI law which provides assurance for international investors has been introduced, in addition to valid agreements with many countries to protect bilateral investments and prevent double taxation.

Turkey has managed to attract more than US$225 billion FDI since 2003. Companies that have preferred Turkey have also ramped up their investments over time, positioning our country as a center for production, export and management. In the future, we are determined to continue improving Turkey’s economic development and investment environment with both existing and new investors.

To this end, Turkey has developed its FDI strategy in cooperation with all public and private industry organizations under the coordination of the Presidency Investment Office. The Turkish government has issued its “Turkey’s Foreign Direct Investment (FDI) Strategy” for the period 2021-2023, which will be a roadmap to bring in value-added investments in the areas needed in the economy. 

The main objective of this strategy document is to increase our share in global FDI inflows to 1.5% in 2023 in accordance with the 11th Development Plan.

With this strategy document in place, it is intend to increase Turkey’s share in knowledge-intensive and high-value-added investments which also create high-quality jobs by maintaining Turkey's central and competitive position in its region. Accordingly, a new 11 strategies and 72 actions has been injected  In the course of developing this strategy document, taking in consideration also the changing economic conditions with the COVID-19 pandemic and the related opportunities in the Turkish market..