Turkey is actively courting foreign
investors, seeking their capital, know-how
and ability to create and exploit markets.
Mehmet Onaner, General Director for the
General Directorate of Foreign investments,
says 'American investments in the different
sectors of the Turkish economy have been
beneficial, not only for the investors
themselves, but also for the Turkish people.
Investments have had many positive effects
on employment, production, and State tax
revenues, technological capacity of the
country and the foreign trade balance.
A recent
amendment in the Turkish constitution now
extends arbitration rights to foreign
concerns. With this innovation, its dynamic,
and growing economy, huge market Turkey
offers numerous opportunities to
international investors. Turkey invites
international investors from all countries
and business sectors to take place in such a
promising investment environment.
According
to European standards, Turkey is huge-around
half as large again as France. When it joins
the EU in the next ten years or so, it will
in fact become the largest member state-so
when it began its application for membership
last year, it witnessed a flurry of foreign
investment, particularly from Dubai, which
will help boost its already fast-improving
infrastructure. Public funds are pouring
into improving roads and airports, and
corporate investors are creating resorts,
golf courses and other tourist facilities
wherever they can.
It shows
that Turkey is more than a great place to
buy a holiday home in the sun. With the
great climate, costal regions, large cheap
workforce, very inexpensive cost of housing,
and gateway to the Middle East it is
inevitable that its value will double next 5
years.
Why Turkey
