UK remains main provider of foreign investment in Turkey: ministry

0
PHOTO: The News International

The UK remained the main provider of foreign direct investment (FDI) to Turkey, with nearly $631 million inflow in the first seven months of this year, according to the Turkish Industry and Technology Ministry, the state-run Anadolu news agency reported.

The UK is followed by the Netherlands with $438 million and Germany with $189 million, with the EU countries providing 50.2 percent of overall FDI.

The ministry announced that the country has attracted $5.42 billion in international investment in the same period. The total amount of FDI last year was $13 billion.

“In January-July of this year, $1.04 billion of the total capital entry was in the manufacturing sector,” the ministry said.

It was followed by the financial intermediation sector with $729 million and the wholesale and retail trade sector with $597 million.

Liked it? Take a second to support Turkish Minute on Patreon!

LEAVE A REPLY