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Turkey to attract $20 billion in foreign direct investment

Turkey is predicting a sum of $20 billion in foreign direct investment (FDI) for 2009. On a recent trip to Ankara, Kürşad Tüzmen, Turkey’s Foreign Trade Minister has described the country as a safe spot for foreign investment.

After $40 billion worth of foreign capital was injected into the country in the last two years, the Minister predicts that Turkey will receive $20 billion of FDI in the second half of 2009. Turkey is trying to attract more foreign investments in a hope that this will solve the problem of high unemployment figures which currently plagues the country.

Tüzmen was confident that Turkey would conquer the current financial climate in the near future, insisting that they would carry on with national improvements. The government have initiated several strategies to entice investment, creating a strong climate in Turkey. The minister further commented that they’d already attracted a number of foreign investors, seeing Turkey as the perfect place to invest their money, which in itself is a success given the current environment of the global market.

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