In recent years, Turkey has overcome a series of political and economic challenges and is now enjoying a period of stable and solid economic growth.
The country still has great untapped potential, with its economy set to grow at least 5% each year in the medium term.
In our first attractiveness survey on Turkey, we highlight the latest foreign direct investment (FDI) trends in the country and ask investors what they think about the investment climate, and the potential for Turkey.
Turkey’s world-class features include:
- Its strategic location at the crossroads of Europe, Asia and the Middle East
- The size of its domestic market
- Its reasonable labor cost-quality profile
These strengths are attracting a number of investors, who remain confident about Turkey’s future.
Istanbul is the most preferred destination for investors in Turkey. Nevertheless, the Government has an opportunity to balance regional development by replicating similar growth in other cities and provinces.
However, some key actions are needed to increase the country’s attractiveness for FDI:
- Revamp its business environment
- Foster entrepreneurship
- Improve infrastructure
- Make Turkey an innovation hot spot
On the other hand, a series of initiatives, as well as negotiations for Turkey’s accession to the European Union, have brought much-deserved attention from international investors.
This survey is aimed at helping investors understand the growth potential for Turkey, and informing your strategy for investments.