Foreign investment in Turkey increased by 32.4% in 2015

Foreign investment in Turkey reached to $16.583 billion in 2015 – an increase of 32.4 per cent compared to the previous year, the Anadolu Agency reported yesterday.

According to a statement by the Turkish Ministry of Economy, the net of direct foreign investment in December 2015 alone was $1.645 billion.

In 2015, 4,925 new foreign companies or branches of foreign companies were established in Turkey. In addition, foreign capital contributed to 199 local Turkish companies. This meant 47,187 companies in the country worked with foreign capital.

The majority of these companies operate in Istanbul which is home to 28,415 of them. Antalya hosts 4,709 companies; Ankara has 2,690 companies and Izmir 2,239.

The statement said the majority of the companies operate in retail and wholesale trade, real estate, transport, communications and storage.