Reasons for Investment in Turkey

Unique geographical location

Turkey enjoys a very special location at the crossroads between East and West, overlapping Europe and Asia geographically. The proxy to the new emerging markets in the Middle East and Central Asia creates unique business opportunities.

A strong international investment record

The experience of more than 11,600 (as of end-2005) foreign capital establishments, including 104 of the Fortune Top 5000 companies, confirms Turkey as a predominant investment location.

A fast developing economy

The average growth rate for the last 5 years, which is well above many OECD countries, implies a dynamic and growing economy. WTO outputs also state that Turkey is among the most dynamic 20 countries in the world trade. In the last 3 years, Turkey's GDP grew by 24.3%, on a cumulative basis (in real terms). Turkey's real GDP and GNP increased by 8.9% and 9.9% respectively in 2004. This is the highest growth rate in the last four decades and makes Turkey one of the fastest growing economies in the world. Turkey is expected to grow by more than 5% per cent a year in the next 5-to-10 years.

A huge domestic market

With a population of 72 million and an increasing consumer purchasing power, Turkey offers a huge and dynamic domestic market to investors. In 2004, GNP per capita recorded $4.172 being all times high.

High-skilled, competitive labour

The Turkish labour force is well-known for its skills and learning capacity, and competitive labour rates offer cutting edge for industries.

High quality standards

The new quality oriented generation in both manufacturing and services sectors ensures high quality levels; and this is also proven by Turkish companies winning the European Quality Award : Brisa (1996), Beksa (1996), Netas (1997), Beko (1998), Arcelik (2000), Eczacibasi Vitra ( 2000)

The gateway of energy resources

Turkey is located at the gateway of the Middle East, Caspian petroleum and Central Asian natural gas to the west, which are regarded as the future energy reserves of the world.

A state of art telecommunications network

Turkey has a relatively "young" telecommunications network with the latest technology, which can easily compete with the developed countries.

Strong ties with Caucasia and Central Asia

Turkey is the leading investor in Caucasian and Central Asian Turkic Republics. Due to her strong cultural and historic ties, Turkey provides privileged access and a perfect base to develop business with these countries.