ANKARA: Foreign direct investment into Turkey is expected to be flat this year at around $12 billion, Ahmet Erdem, head of the International Investors Association (YASED), said on Wednesday, blaming political instability in the region.
FDI last year was $12.1 billion, YASED said in a report released on Wednesday, citing figures from the United Nations Conference on Trade and Development (UNCTAD) and ranking it 22nd globally.
UNCTAD said total FDI worldwide was $1.23 trillion in 2014, a 16 percent decline from the previous year due to a weaker world economy and greater political risk.
Erdem told a news conference that Turkey will continue to maintain its 1 percent share of global investment this year.
This year, Turkey’s most attractive sectors for foreign investment were expected to be energy, fast-moving consumer goods, food and beverages and financial services, Erdem said.
