Turkey is major investment hub not just for the U.S., but also Asia, Europe: Official

Turkey is an important target country for foreign direct investments (FDIs) not only for the U.S. companies but also for firms from all parts of the world, especially European and Asian companies, the head of the Presidential Investment Office, Ahmet Burak Daglioglu, said.

Under the coordination of the Turkish Presidency of Communications and the Turkish Exporters Assembly (TIM), commercial diplomacy events were organized in the U.S.

A delegation of senior officials and members of parliament and business are in the U.S. to hold talks on commercial diplomacy and bilateral economic relations in Washington and New York.

Daglioglu noted that investments will have a significant share in the targeted USD 100bn trade volume between the U.S. and Turkiye.

“The presence of American companies in Turkey dates back many years,” he said, adding more than 2,000 American companies operate in the country.

The U.S. has been one of the main sources of FDI in Turkey over the past two decades with the total amount of FDI inflows between 2006 and 2021 reaching USD 14bn.

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