Barış Öney
In the last 10 years, Turkey has gone through major macro developments. Most of the recent political and economic uncertainties faded away after the local and Presidential elections. However the impact of such matters have less value on the investor’s eyes than positives Turkey bears in relatively to other countries.
From Western Europe, to India and China, Turkey is the only country that can offer very strong and diversified production and service capabilities on numerous sectors. Consequently this makes Turkey a crucial market and a great hub for production and services.
10 years ago there were around 5000 foreign companies in Turkey but today it is close to 40,000. In the last 7 years, Turkey received USD 130 billion of foreign direct investments. USD 15 billion of this amount is private equity money. But Turkey is losing its charm in recent years. Investors feel that Turkey had lost its previous charm. Despite this negative perception, Turkey is still attracting investments. Assuming that the past elections didn’t have any major impact, Private Equity Funds will continue to come to Turkey. In the last 2 years we can see that there were over 30 Private Equity Funds who came to Turkey. This is a substantially important amount for Turkey.
