Turkey's Foreign Direct Investment 'inspirational'

World Association of Investment Promotion Agencies President Ayci notes Turkish experience has showed a substantial increase in attractiveness for investment.

Turkey's Foreign Direct Investment 'inspirational'

World Bulletin / News Desk

Turkey's success in attracting Foreign Direct Investment should be an inspiration for other countries, a senior Turkish official has said.

Ilker Ayci, who is chairman of the board of Turkish Airlines, made the remarks in an interview with The Anadolu Agency Monday. Ayci is also president of the World Association of Investment Promotion Agencies, or WAIPA, as well as the head of Turkey's Prime Ministry Investment Support and Promotion Agency.

About Turkey’s success in attracting Foreign Direct Investment and how other countries could emulate its success, he said: "Each country must elaborate its own strategy based on its particular needs and conditions.” He added that organizations such as WAIPA helped other countries share their experiences.

Ayci noted that the Turkish experience showed a substantial increase in attractiveness for investment.

Foreign Direct Investment was only about $1 billion per year until the end of 2002, but, between 2002 and 2012, the country took in $130 billion in such investments. In 2014, there were about $12 billion in inflows.

 

Güncelleme Tarihi: 28 Nisan 2015, 13:04
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