Investment agency chief expects significant rise in FDI inflow to Turkey after elections
ISTANBUL – Reuters
HÜRRİYET PhotoA significant increase in the FDI inflow to Turkey is expected in the second half of the year, following an 18-month election period, said head of World Association of Investment Promotion Agencies (WAIPA), İlker Aycı.
The energy sector is expected to get the lion’s share in luring investments, he added.
“A long election cycle will finally end in Turkey. There will not any elections in the next four years. We expect some acceleration in the economy’s activities. A significant increase is expected in the FDI flow into Turkey after the elections,” Aycı said at the monthly general meeting of the Istanbul Chamber of Industry.
He said some slowing down in the FDI is quite normal ahead of the elections, but he expects a dramatic rise in the second half of the year after his team’s encouraging meetings with potential investors.
“In our meetings with the potential investors, we have seen that the energy sector would take the largest share in the planned investments,” he said.
Aycı claimed that the structural reform promises of Turkey have been welcomed by the investors and there will not any question marks in their minds about the political stability of Turkey.
He added that there is more than one investor on the table to acquire the huge coal reserves in the Afşin-Elbistan.