Türkiye ‘received $262 billion in investments in 21 years’

Türkiye is a country that has attracted 262 billion dollars in investments since 2003, Burak Dağlıoğlu, president of the Presidential Investment Board, has said.

Speaking at the 43rd Ordinary General Assembly of the International Investors Association (YASED), Dağlıoğlu said that there were less than 6,000 international companies in the country 21 years ago, but now there are more than 80,000.

"Since 2003, under the leadership of our president, we see the story of Türkiye's breakthrough in many fields," he said, adding that the country was a middle low-income country in 2003 with a per capita national income of $3,000.

"Now it is a middle high-income country with a per capita national income of $13,000," he said.

"Again, if we look at it, while Türkiye was a country with a share of less than 0.5 percent in world trade at that time, it has now increased its global exports share to over 1.1 percent."

Dağlıoğlu noted that Türkiye has attracted $262 billion in investments since 2003.

"According to data from the Industry Ministry and Trade Ministry, foreign companies account for 8.4 percent of employment and private sector employment in Türkiye," he said.

"Companies with international capital also account for 30 percent of private sector R&D expenditures in the country. Sixty percent of exports consist of high and medium-high products. In this context, we see that YASED members positively improve the investment environment in Türkiye in a way that increases value added, and that they attract Turkish companies to international supply chains, enabling them to move up the value chain."

Dağlıoğlu emphasized that Türkiye aims to soon be among the high-income countries by exceeding $15,000 per capita national income.