Investments by European countries in Turkey are increasing every day
The fact that the Republic of Turkey offers incentives, amenities and opportunities in terms of citizenship and real estate and that the Turkish economy is developing day by day continues to attract the attention of people living in any of the countries of the European Union. These investments also contribute to the development of the Turkish economy. These investments help Turkey to develop faster while growing at a higher level.
According to the research, investments in Turkey from European Union countries continue to increase day by day. According to the research, investments made in Turkey increased by 61% year-on-year, rising from $1.6 billion to $2.7 billion. The amount of investments from European Union countries also accounted for 66 percent of the total investments in Turkey.
DISTRIBUTION OF INVESTMENTS IN TURKEY
Of the more than 55,000 companies with international capital established and operating in Turkey, almost 22,000 companies have partners in the European Union and more than 19,000 companies have partners from Middle East countries. Among the countries investing in Turkey, Germany ranks first with around 7,000 companies. Germany follows Great Britain with 3,000 companies and the Netherlands with almost 3,000 companies.
Most Dutch made the breakthrough
Among the countries that made the most investments in Turkey last year, the Dutch made the biggest leap forward. The Dutch increased their investments from $403 million to $801 million, an increase of 105 percent. With this sum, the Dutch took first place in the ranking.
It is noteworthy that the countries making the highest investments in Turkey are Spain. Spaniards invested USD 961 million in Turkey. Austria and Italy followed Spain.
INVESTMENT FROM ASIAN COUNTRIES IN TURKEY HAS INCREASED
As in the countries of the European Union, investments in Turkey from Asian countries have increased. Year-on-year investment by Asian countries in Turkey increased by 138% from US$481 million to US$1.1 billion. Investments from the Gulf States increased by 322 percent and reached 561 million US dollars.
AFRICAN COUNTRIES ENTER THE TURKISH MARKET
African countries were also among the regions investing in Turkey in the past period. African countries joined regions investing in Turkey by investing USD 24 million. The USA and Canada also increased their investments from USD 96 million to USD 128 million.
SECTORS WITH MOST INVESTMENTS IN TURKEY
VAT-free home sales, citizenship programs, minimization of procedures, and similar incentives all helped attract foreign investors to Turkey. Investments in the real estate sector in Turkey increased by 34%.
The most heavily invested sectors in Turkey were real estate rental, construction, retail and wholesale.
QATAR CITIZENS, INVEST IN TURKEY
Investments by Qatari investors in Turkey also gained momentum during this period. Qatari investors who own shares in many banks such as Akbank and Finansbank also bought Digiturk, bringing their total investment to $18 billion.
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