Türkiye has received a total of $266.9 billion in direct investment inflows between 2003 and June 2024, according to Mehmet Şimşek, the Minister of Treasury and Finance.

In a statement on X, Şimşek highlighted the significant increase in Türkiye's share of global direct investments over the past two decades.

“Large global companies are increasingly choosing Türkiye as a hub for electric vehicle, battery, and logistics investments,” Şimşek noted. He emphasized that Türkiye’s share in global direct investments has grown from a mere 0.2 percent before 2003 to 0.9 percent during the 2003-2023 period.

Şimşek outlined the government's ambitious target to raise this share to 1.5 percent by 2028 as part of Türkiye's International Direct Investment Strategy. He also stressed the importance of the country’s twin transformation strategy, which focuses on high value-added production policies aimed at enhancing Türkiye's role as a major production base.

“With these policies, we aim to boost our country’s growth potential and improve the welfare of our citizens,” Şimşek concluded.

This announcement underscores Türkiye's ongoing efforts to attract international investment and transform its economy into a more dynamic and resilient production base. (ILKHA)