The Presidency of the Republic of Türkiye Investment and Finance Office has released the “2024 Türkiye Foreign Direct Investment Projects Report”, offering an in-depth, project-based analysis of Türkiye’s foreign direct investment (FDI) performance, aligned with the Türkiye Foreign Direct Investment Strategy (2024–2028).
The Presidency of the Republic of Türkiye Investment and Finance Office has released the “2024 Türkiye Foreign Direct Investment Projects Report”, offering an in-depth, project-based analysis of Türkiye’s foreign direct investment (FDI) performance, aligned with the Türkiye Foreign Direct Investment Strategy (2024–2028).
This pioneering study represents the country’s first systematic and methodologically grounded, project-focused FDI report, aiming to support decision-making processes for investors, policymakers, and researchers through data-driven insights.
Going beyond traditional capital flow data, the report includes detailed information on announced investment projects, analysing critical qualitative variables such as project count, sectoral distribution, employment impact, capital expenditure, and investor profiles. Additionally, it tracks investment announcements alongside actual financial transactions, providing valuable foresight into investment trends and solid groundwork for future-oriented analyses.
Detailed Insights into Türkiye’s FDI Projects
According to the report, Türkiye announced a total of 383 greenfield FDI projects in 2024, projecting approximately USD 14.1 billion in capital expenditures and the direct creation of 51,402 jobs.
The renewable energy sector stands out with around USD 1.85 billion in projected capital expenditures, closely followed by major investments in the automotive industry.
The agrifood, machinery and equipment, and automotive parts sectors recorded the highest number of project announcements, while sectors such as software, information services, consumer electronics, electronic components, and business services highlight international investor interest in Türkiye’s digital transformation and high-technology potential.
Manufacturing remains dominant, with 214 projects bolstering Türkiye’s role as a regional production hub. Infrastructure and energy, notably renewable energy projects, continue to be major areas of investment, alongside ICT, R&D, and business services.
By country, Germany was the largest investor in 2024, with 67 projects totalling USD 3.3 billion, followed by China, France, and the U.S, further underscoring Türkiye’s strategic appeal and growing attractiveness among global investors.
Mergers and Acquisitions Complete the Picture
In addition to greenfield investments, the report also covers mergers and acquisitions (M&A), with 95 transactions totaling USD 3.4 billion in 2024. These deals were predominantly in the software, machinery, financial services, agrifood, and healthcare sectors.
Through this detailed database and report, the Türkiye Investment and Finance Office offers comprehensive insights into Türkiye’s FDI landscape, aiming to enhance the country’s appeal as a premier investment destination.
Commenting on the report, Türkiye Investment and Finance Office President Ahmet Burak Dağlıoğlu stated: “The 2024 data reaffirm Türkiye’s status as the nexus of investment. Investments totalling approximately USD 3.6 billion in the renewable energy and automotive sectors reinforce our strategic role in sustainable energy and advanced technology.
Furthermore, qualified FDI projects—comprising 71.5% of total projects and 70.9% of capital expenditures—clearly demonstrate Türkiye’s commitment to green transformation, digital technology, and high-value sectors. This comprehensive report not only serves as a crucial tool for investors but also sends a strong, positive message about Türkiye’s vibrant investment environment.”
The full report: https://www.invest.gov.tr/en/library/publications/lists/investpublications/2024-turkiye-fdi-projects-report.pdf
