Türkiye has emerged as a dynamic investment destination in recent years, attracting a diverse range of businesses and investors from around the globe. This special episode of “Invest in Türkiye Talks” serves as a valuable resource for those looking to explore the myriad opportunities available in Türkiye's investment ecosystem. Joined by A. Burak Dağlıoğlu, the President of the Investment Office (Invest in Türkiye), we elucidate the multifaceted approach that Türkiye is employing to foster sustainable development, technological transformation, and high-quality job creation. We shed light on Türkiye's status as an investment hotspot, its ambitious reform agenda, and its welcoming Foreign Direct Investment (FDI) climate, as well as the Investment Office’s role in the investment ecosystem.
Established in 2006, Invest in Türkiye plays a pivotal role in supporting investors and facilitating investment across various sectors in Türkiye. Through its global footprint and multilingual team, Invest in Türkiye provides a business-friendly environment for investors, offering tailored solutions and support throughout their investment process.
One of the key themes explored in the episode is the abundance of FDI opportunities in Türkiye. With its strategic location at the crossroads of Europe, Asia, and Africa, Türkiye offers investors a gateway to diverse markets and unparalleled connectivity. Since 2003, Türkiye has attracted more than USD 260 billion in FDI, showcasing the country's appeal to international investors. This podcast delves into the factors that make Türkiye an attractive destination for international investors, including its robust economic growth, competitive business environment, talent pool, and strategic focus on key sectors such as finance, manufacturing, energy, trade, ICT, and logistics.
Türkiye's economic resilience is evident in its impressive compound annual growth rate, averaging 5.4 percent annually over the last two decades. Despite global economic adversities such as the 2008 financial crisis, the European debt crisis, and the Covid-19 pandemic, Türkiye has managed to achieve V-shaped recoveries, demonstrating its robust economic framework.
Türkiye’s demographic profile is another cornerstone of its economic strategy. With a population of around 85 million and an average age of approximately 33 years, the country boasts a dynamic and youthful workforce. This demographic advantage is complemented by its strategic geographic location at the nexus of Europe, Asia, and Africa. This prime positioning enables Türkiye to serve as a major hub for accessing larger markets, thereby enhancing its attractiveness to international investors.
Türkiye is navigating the twin transformation of digitalization and sustainability with strategic finesse. The country is focused on retraining and upskilling its talent pool to adapt to new technological demands. Initiatives like the Zero Waste Act and investments in transportation infrastructure and electric vehicles are pivotal in lowering carbon emissions and fostering a greener economy.
Currently, 55 percent of the country's installed energy generation capacity comes from renewable sources. Türkiye aims to increase this to 65 percent by 2035, with a projected rise in installed capacity from the current 110 GW to around 290 GW. This ambitious plan underscores Türkiye's commitment to reducing its carbon footprint and promoting renewable energy.
Another key aspect of Türkiye's investment landscape is its ongoing reform agenda, aimed at enhancing the country's economic competitiveness and attracting more FDI. This podcast discusses Türkiye's medium-term economic plans and development strategies, emphasizing the importance of structural reforms and macroeconomic policies in sustaining economic growth.
Looking ahead, Türkiye envisions itself as a regional economic powerhouse, aiming to rank among the top ten economies globally. Türkiye’s FDI strategy for 2024-2028 emphasizes attracting climate and digital investments. The focus will be on global value chain integration, high-quality job creation, and financial investments. Additionally, enhancing regional development is a priority to ensure uniform growth across the country. This forward-looking strategy aims to position Türkiye as a global leader in sustainable and technological investments.
This special episode of “Invest in Türkiye Talks” provides a comprehensive overview of Türkiye's investment landscape, highlighting the country's strengths, opportunities, and future vision. By leveraging its strategic advantages, embracing sustainability and digitalization, and implementing a robust reform agenda, Türkiye is well-positioned to attract and retain FDI, driving economic growth and prosperity for years to come.