By Tuba Sahin
Turkey received $889 million in foreign direct investment (FDI) in October, the country’s Economy Ministry said on Friday.
Foreign investment in Turkey reached $8.62 billion in the first 10 months of this year, down 44.3 percent compared with the same period last year.
The manufacturing sector got the largest amount of FDI at $1.03 billion, followed by the financial intermediary’s activities sector with $950 million in the January-to-October period.
There were 434 new foreign-funded companies established in October 2016, making a total of 52,310 companies with international capital operating in Turkey.
A total of 6,829 of these were funded by German capital, while U.K. investors financed 2,991.Anadolu Agency website contains only a portion of the news stories offered to subscribers in the AA News Broadcasting System (HAS), and in summarized form. Please contact us for subscription options.