(MENAFN) Turkey has unveiled its Foreign Direct Investment (FDI) strategy for the 2024-2028 period, outlining a comprehensive framework to guide the country's policies and practices in attracting international investments. The newly released document, titled "Türkiye Foreign Direct Investment Strategy 2024-2028," sets ambitious targets for the country, aiming to increase its share of global FDI to 1.5 percent by 2028 and to boost its regional FDI inflows to 12 percent, as reported by Türkiye’s Official Gazette and the Investment Office.

The strategy, developed by Türkiye's Investment Office, highlights the country’s dynamic economy and strategic location at the crossroads of Europe, Asia, and Africa as key factors enhancing its attractiveness for international investors. Türkiye's world-class transportation infrastructure and geostrategic position facilitate access to global markets, while its large and skilled labor force supports the competitiveness of various sectors. The country’s continuous improvements in its business and investment environment over the past 21 years—through investor-friendly reforms, infrastructure investments, and appealing incentives—have solidified its position as a leading FDI destination.

Over the past two decades, Türkiye has demonstrated significant progress in attracting foreign investments. From 2003 to 2023, the country saw a substantial rise in FDI inflows, totaling USD262 billion, making it the second-largest recipient of FDI in its region. During this period, Türkiye also expanded its host of multinational companies from 5,600 to over 80,000. These companies benefit from Türkiye's robust support infrastructure, including R&D centers, design teams, logistics bases, and management centers.

Looking ahead, Türkiye aims to leverage its successful economic performance and value proposition to further enhance its global economic standing. The country's strategy is focused on transitioning from a regional economic hub into a significant global economic powerhouse, continuing its trajectory of growth and investment attraction.

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