The Turkish economy challenges the Corona crisis

The Turkish economy continues to record positive numbers, recording a remarkable turnout by investors in the real estate sector, overcoming the more difficult consequences of the outbreak of the Corona pandemic, and the previous external pressures on the Turkish lira. Turkey maintains its position as a preferred destination for foreign direct investment for two decades, with a renaissance in infrastructure within a development plan supported by investment stimulus packages. The real estate sector is one of the most prominent sectors that have witnessed significant growth, both government and private, while other advantages enjoyed by Turkey have contributed to increasing the country’s competitiveness, including the strategic location, the appropriate investment environment, the comprehensive mechanisms that stimulate investment, and the ease of exporting to neighboring countries. Foreign direct investment laws in Turkey also provide for equal treatment between foreign investors and local investors.
The volume of foreign direct investments in Turkey exceeded $ 165 billion from January 2002 to November 2020. During this period, 62.4% of these investments were implemented in the services sector, while 24.2% of them were in the manufacturing sector, 11% in the energy sector, and 2.4% in agriculture and mining.