Turkey receives $9.2 billion net foreign investment in 10-month period of 2018

Turkey received $9.16 billion in net foreign direct investment from January to October 2018, the Ministry of Industry and Technology announced. According to the official data, net FDI was $1.05 billion in October, while the highest monthly figure of the period was $1.3 billion in June.

Breakdown of equity inflow

In equity investment — the leading item on the direct investment account — direct inflow to Turkey was some $4.8 billion, with 66.4% coming from the European Union.

The top three European sources of direct capital inflow were:

• Netherlands — $578 million
• Italy — $491 million
• Austria — $449 million

Over the same period, $1.06 billion came from Asian countries and $289 million from the United States.

Sector distribution

$1.3 billion of total equity capital entry went into the manufacturing sector, followed by financial intermediation with $931 million.

Including 31 branch offices, a total of 5,934 new foreign-backed firms were established in Turkey, while 90 local companies took on international participants.

In the previous year Turkey attracted $10.94 billion in net foreign direct investment, $7.45 billion of which was equity investment inflow.