Turkey continues to attract foreign investments as a developing country with a diverse range of sectors and resources. The decision of multinational organizations to invest in Turkey in the past confirms the country’s good investment climate.
The government promotes investments and has initiatives that can assure supply security, minimize reliance on other nations, facilitate technical improvement, and are in creative and high-value-added industries focused on research and development.
Turkey got placed 33 out of 190 countries in the World Bank’s 2020 Ease of Doing Business Index, increasing ten places in a year, thanks to these investment initiatives.
It also benefits from a valuable geographical position and a sizable domestic market. In this sense, these circumstances enable them to become a global business location, enhancing Turkey’s ability to become a center of operations for multinational corporations.
Turkey’s potential in a variety of industries, including regular and renewable energy, real estate, and banking, could be used by international investors.
The promising growth rates and the optimistic outlook for the future encourage us to believe that Turkey will continue to prosper. And it will remain competitive, acting as a link between East and West.
Turkey also has a certain resilience to catastrophe as a result of previous crises experiences, as well as the population’s ability to act and adjust as a result. It is a significant difference when compared to other countries.
Rapid adaptation to the pandemic’s conditions and setbacks, as well as the economy’s continued expansion, keep the future looking bright. The medium to long-term opportunities for companies continues to be assessed as decent. The country boasts good growth rates, a young, well-educated population, and, most importantly, entrepreneurial people compared to Europe. The Turkish economy will be able to grow fast in the following years while keeping inflation under control. It is now critical to reduce inflation and, as a result, exchange rate fluctuations will rebalance the current account and boost investor confidence.