President Recep Tayyip Erdoğan said, "Türkiye's Foreign Direct Investment Strategy will be a roadmap to bring in value-added investments to our country in the areas needed in our economy. The main objective of this strategy document is to increase our share in global FDI inflows to 1.5% in 2023 in accordance with the 11th Development Plan. With this strategy document in place, we intend to increase our country's share in knowledge-intensive and high-value-added investments, which also create high-quality jobs by maintaining Türkiye's central position."
In his preface to "2021-2023 Türkiye's Foreign Direct Investment Strategy" published by the Presidency Investment Office, President Erdoğan stated that Türkiye was a prominent centre of attraction for international investors with broad production potentials, qualified manpower, strategic location, modern logistics infrastructure and incentive packages that cater to any needs.
Pointing out that Türkiye had the required means to access a giant market of 1.3 billion people and US$26 trillion worth of trade volume with a four-hour flight radius, President Erdoğan underlined that in addition to these advantages for trade, Türkiye was among the most reliable routes of transporting energy sources to European countries on the east-west axis.
Emphasizing that Türkiye's rapid economic growth had led to the emergence of a thriving middle class with increased purchasing power over the last 19 years, President Erdoğan said, "More than 24 cities, each with a population of more than 1 million, support the developing domestic market of our country. With our young and dynamic population with an average age of 32.7 years, we provide a growing local demand infrastructure for multinational companies. Compared to other EU member states, Türkiye has the youngest population; and is also ranked among the top echelon of nations worldwide in terms of the number of qualified engineers.”
Emphasizing that they had further reinforced Türkiye's special position with the reform process that they had conducted uninterruptedly for the last 19 years, President Erdoğan stated that they had created an investor-friendly environment that facilitated and enabled the development of the private sector.
Recalling that they introduced a special law that provided assurance for international direct investments in 2003, President Erdoğan stated that they had valid agreements with many countries to protect bilateral investments and prevent double taxation. Stating that Türkiye had managed to attract approximately 225 billion dollars of FDI since 2003, President Erdoğan said: "Companies that have preferred Türkiye have also ramped up their investments over time, positioning our country as a centre for production, export and management. In the future, we are determined to continue improving Türkiye's economic development and investment environment with both existing and new investors. To this end, we have developed Türkiye's FDI strategy in cooperation with all public and private industry organisations under the coordination of the Presidency Investment Office. "Türkiye's Foreign Direct Investment (FDI) Strategy" will be a roadmap to bring in value-added investments in the areas needed in our economy. The main objective of this strategy document is to increase our share in global FDI inflows to 1.5% in 2023 in accordance with the 11th Development Plan. With this strategy document in place, we intend to increase our country's share in knowledge-intensive and high-value-added investments, which also create high-quality jobs by maintaining Türkiye's central and competitive position in its region. Accordingly, we have designed 11 strategies and 72 actions. In the course of developing this strategy document, we have also considered the changing economic conditions with the COVID-19 pandemic and the related opportunities for our country. I hope this document will be of great benefit for our country and will serve as a useful guide for international entrepreneurs who plan to invest in Türkiye. Also, I appreciate those who have put great efforts into the preparation of this strategy document."