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Turkey Drew $12.3 Billion Worth of Foreign Investments in 2016 | ASHARQ AL-AWSAT English Archive 2005 -2017
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Turkish 5 lira banknotes are seen in this illustration picture taken in Istanbul January 28, 2014. REUTERS/Murad Sezer

Ankara – Turkey drew last year Foreign Direct Investments (FDI) worth $12.3 billion, according to the World Investment Report 2017 prepared by the United Nations Conference on Trade and Development (UNCTAD).

“Despite all the adverse developments, Turkey attracted $12.3 billion of FDI in 2016,” Arda Ermut, the chairman of the Turkish Prime Ministry Investment Support and Promotion Agency (ISPAT), said.

Ermut emphasized that Turkey is a major investment destination for international direct investors thanks to its young and growing population, its dynamic economy growing with strong resistance and its strategic position providing easy access to regional markets.

The government gives strong importance to luring foreign investments, he said.

In addition, the Turkish economy ministry announced that total FDI in Turkey between 2010 and February 2017 reached $140 billion, $128.5 of which came from 20 countries.

A ministry report said that the Netherlands topped the list with 15.8 percent of total foreign investments in the country.

The United States came in second position with 8 percent of total FDIs, followed by Austria, Britain, Luxembourg and Germany.

The United Arab Emirates topped the list of Arab countries that have carried out direct investments in Turkey, with total FDIs reaching 3 percent.