Turkiye aims to attract quality investment that supports high value-added industries, green initiatives, and digital transformation, Abdullah Deniz, Turkish Presidency Investment Office Qatar Representative told Qatar Tribune.
The Doha-based Representative of the Investment Office, Office of the Presidency of the Republic of Turkiye, said that introducing the revised investment strategy aims to increase Türkiye’s share in global FDI flows to 1.5 per cent by 2028. Key targeted investments in the strategy include Climate FDI, Digital FDI, Global Value Chain (GVC) related FDI, Knowledge-Intensive FDI, High-quality Job Generating FDI, High-end Service FDI, High-quality Financial FDI, and Regional Development-Oriented FDI.
The Turkish official said that to promote sustainable development, the strategy entails implementing policies to boost renewable energy investments and enhance the use of environment-friendly technologies. It also focuses on strengthening digital infrastructure to create an attractive environment for international investors, thereby facilitating Türkiye’s transition towards a climate-friendly and digitally advanced economy.
Deniz said that the revised strategy highlights six primary policy areas: investment climate and competitiveness, green transformation, digital transformation, global value chains (GVCs), talent pool, and communications and promotion.
In the period from 2003 to 2022, Türkiye has gained significant momentum in FDI inflows thanks to its rising economic performance and the high-level value propositions it offers to investors, with a total of $262 billion in FDI.
Today, Türkiye has become a regional economic centre where more than 80,000 multinational companies operate, supported by these companies’ production activities, R&D centres, design teams, procurement offices, logistics hubs, and regional management centres.
In a statement, Burak Daglioglu, President of the Investment Office, reaffirmed Türkiye’s commitment to enhancing its economic performance, stating, "With the Türkiye Century vision set forth by President Erdoğan, we aim to evolve from a regional economic centre into a global powerhouse. In an era where competitiveness hinges on sustainability and digital capabilities, Türkiye stands ready to meet these challenges head-on.”
As per the Central Bank of Turkiye report 2023, between 2002 and November 2023, there have been $3.5 billion in FDI outflows from Qatar to Turkiye, while, $43m inflows from Turkiye to Qatar during the same period.
FDI stock from Qatar to Turkiye as of December 2022 amounted to $9.9 billion.