TURKEY – International Energy Investments Triple
The proportion of direct international investment in the energy sector in Turkey tripled in the first five months of this year compared to the same period in 2017.
This was reported in statements collected by the Anatolia correspondent on the direct international investment of the Ministry of Industry and Technology.
The volume of international direct investment in the energy sector in Turkey during the first five months of 2018 was US $ 649 million, compared to US $ 202 million in the same period of 2017.
International direct investment in Turkey reached US $ 2.1 billion between January and May 2018.
According to data, direct international investment in the energy sector accounted for nearly a third of international investment in the whole of Turkey.
Manufacturing ranked second with $ 416 million, followed by $ 347 million, according to data.
In view of the distribution of international direct investments by country, 64.3 percent of the cash capital flowing to Turkey during the current year was from the European Union (EU) for about $ 1.4 billion, followed by Asia with $ 406 million and the United States by $ 175 million , And $ 172 million from the rest of Europe
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