Ankara has launched plans to boost the appeal of several high added value sectors in a bid to almost double its share of global foreign direct investment (FDI). Turkey’s 2024–2028 strategy, which was launched on July 29, outlines plans for the country to raise its global share of FDI to 1.5% by 2028, up from a 3-year moving average of 0.85% in 2023, according to fDi’s calculation based on Unctad figures. The country’s FDI skyrocketed in the 2006–2008 period, when it accounted for as much as 1.3% of global FDI, Unctad figures show. The new investment strategy emphasises the role of quality FDI in raising the country’s investment profile and serving the overarching economic policy objectives. Over the five-year period to 2028, Turkey will target a total of 120 projects in climate FDI, 240 projects in digital FDI, 360 projects in global value chain-related FDI, 270 projects in high-end services FDI, 360 projects generating high-quality jobs, and 300 projects in knowledge-intensive FDI.
