Turkey attracts $7B direct investment in 8 months

Country is expected to attract more than $11B direct investment by end of 2018, head of investment office says

Turkey attracts $7B direct investment in 8 months Turkey's investment office head, Arda Ermut


Turkey attracted nearly $7 billion direct investment in the first 8 months of 2018, said head of the country’s presidential investment office.

This figure was almost the same with the last year's January-August period, Arda Ermut told Anadolu Agency.

He noted that Turkey is expected to attract over $11 billion direct investment by the end of the current year, which is more than the 2017's figures.

“When looking at economic issues […] it is important that figures did not drop compared to the last year,” he said, adding: “But we think that Turkey's investment potential was much higher."

The year 2019 will be a positive one with regards to investments due to structural measures, Ermut said.

"Turkey will continue to attract the attention of international investors," he said.

Reporting by Eda Topcu:Writing by GokhanErgocun

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