Investment and Finance Office participated in the launch event of the latest report titled “Sustainable Impact: The Economic and Social Contributions of French Companies and Franco-Turkish Partnerships in Türkiye / 2020–2024 Update", prepared by the Türkiye Committee of the French Foreign Trade Advisors (CCEF).
At the launch event, CCEF presented the findings of the report, which thoroughly analyzes the economic, social, and environmental value generated by French and Franco-Turkish companies operating in Türkiye. The report highlights that these companies directly employ more than 143,000 people, with indirect effects increasing the total employment impact to approximately 385,000.
French companies and partnerships have become significant players in Türkiye's economic landscape. Operating 197 production facilities across the country, these companies position Türkiye not only as an important market but also as the nexus of manufacturing.
The report also reveals that these companies generated EUR 36.6 billion in turnover in 2024, with 22 percent of that revenue coming from exports. This underscores the strategic role of French capital in strengthening Türkiye's integration into global trade networks.
Furthermore, the report sheds light on the commitment of French and Franco-Turkish companies to R&D and innovation. Between 2022 and 2024, they invested more than EUR 700 million in R&D, with 52 percent of participating companies collaborating with universities, research centers, or local stakeholders on joint projects. Notably, 47 percent of these companies have registered patents, trademarks, or industrial designs in Türkiye.
On sustainability, the findings are equally noteworthy: 64 percent of companies have taken concrete steps to increase female representation in leadership roles, and 71 percent conduct annual carbon footprint assessments. These figures underline the companies' dedication to social and environmental responsibility.
The report also highlights the presence and impact of various French companies operating across different sectors in Türkiye, from Alstom and the Oyak-Renault partnership to major players such as TEB in banking, as well as Sanofi and Decathlon.
During the launch event, Turkish-French Chamber of Commerce (CCIFT) President and TAV Airports Executive Board Member and Executive Committee Chair Franck Mereyde remarked: “The French presence in Türkiye is one of the cornerstones of the country's economy, contributing 1.6 percent to its GDP and creating approximately 400,000 direct and indirect jobs. This clearly demonstrates the trust in Türkiye's economy and the long-term strategic vision shared by both France and Türkiye."
Investment and Finance Office Communications Department Head Gökhan Yücel emphasized the historical depth of the partnership, stating: “This partnership reflects our 140-year commercial relationship. By 2024, bilateral investment stock between France and Türkiye exceeded USD 8.4 billion, reflecting not just economic figures but shared long-term objectives and concrete roadmaps."
Ambassador of France to Türkiye Isabelle Dumont also expressed her views, affirming that the study confirms the long-term strategies of French companies in Türkiye. She stated:
“French and Franco-Turkish companies have made total investments of EUR 3.6 billion in Türkiye over the last five years, and they plan to invest an additional EUR 5 billion over the next three years."
Following the launch, Investment and Finance Office President A. Burak Dağlıoğlu shared his thoughts at the reception, saying: “I am very proud to see the contribution and commitment of French companies in Türkiye. With more than 1,300 French companies operating here and nearly USD 9 billion in investments over the last two decades, this growth reflects the strong bonds between our countries. We look forward to continuing to support French companies and expanding this collaboration."