Turkey received USD 5.1 billion in foreign direct investment (FDI) during the first 4 months of 2014 - up 46 percent from last year.
According to the World Investment Report by the United Nations Conference on Trade and Development (UNCTAD), Turkey’s FDI inflow reached USD 12.9 billion during last year, ranking first among West Asian countries and 11th among developing countries worldwide.
Assessing the report, the Deputy Chairman of the International Investors Association of Turkey (YASED) Akin Kozanoglu said that despite the turmoil in some of its neighboring countries, Turkey has retained its attractiveness as an investment destination.
“We expect the FDI inflow into Turkey to reach USD 16 billion by the end of 2014”, Kozanoglu noted, listing the energy and finance sectors as the leading recipients of FDI this year.
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