Turkey now receives investments from more than 4600 foreign enterprises within the country (The General Directorate for Foreign Investment). FDI inflows went up to $9.5 billion in 2005, with major investors being Toyota, Honda, Ford, Oracle, P&G, Philip Morris and Siemens. As per a report by Foreign Investment Association 2005 Barometer, Turkey has the potential to attract $10 billion in FDI in the next five years and $15 billion in five years after that. And the confidence is clearly reflected in the words of Tezcan Yaramanci, Chairman of the Foreign Economic Relations Board (DEiK), “Turkey can provide sustainable growth to investors for the future and will not return to the kind of crisis seen in 2001.” The sectors that appear the most tempting are banking and financial services. General Electric is planning to buy about 50% of Dogus Group’s $6 billion Garanti Bank.
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Source:- IIPM Editorial
Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative
For complete IIPM article click here
Source:- IIPM Editorial
Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative
