Treasury: FDI inflow $18.1 bln in 10 months
Posted by meb at February 3rd, 2007
The Treasury has announced that according to the Central Bank Balance of Payments statistics, the January-November 2006 net foreign direct investment in Turkey turned out to be 18,135,000,000 dollars.
The Foreign Direct Investment Data Bulletin prepared by the Turkish Treasury Foreign Capital Head Office has come out.
The bulletin says that according to the balance of payments statistics, capital inflows, which constitute an account under foreign direct investments, reached 15,867,000,000 dollars in the first 11 months of 2006, more than doubling compared to the same period in the previous year. The capital inflows stood at 6,423,000,000 dollars in the same period of 2005.
The bulletin states that 15,867,000,000 dollars of foreign direct investment was mainly in transportation, communication and warehousing services sectors followed by activities of financial brokerage companies, wholesail and retail trade and manufacturing industry sectors.
83.3 percent of the monetary capital inflows came from European Union countries in the said period. This figure stood at 46.1 percent in the same period of 2005.
As of the end of November 2006, 3,087 multinational companies were established, 2,496 of them directly by foreign capital and 591 domestic ones with foreign shares. These companies perated mainly in wholesale and retail sectors followed by real estate, business activities and manufacturing industry.
Among the companies operating in the manufacturing industry sector, textiles ranked first, followed by machinery and equipment and chemical products.
Companies having capital stock over 500,000 dollars
183 multinational firms having a recorded capital stock of over 500,000 dollars operated in İMKB between January-December 2006. In terms of sectoral distribution, there were 50 multinational companies in production industry, 30 in wholesale and retail trade sectors and 27 in construction sector in the same period.
In 2005 the number of multinational companies having a recorded capital stock over 500,000 dollars was 110.
Concerning the country groups of the 3,087 multinational companies of the last year, companies with partners from the EU countries took the leading place by 1,928 companies. EU countries were followed by Near and Middle Eastern countries by 403 companies and by the other European countries by 355 companies.
127 of 183 companies having a recorded capital stock over 500,000 belonged to the companies with EU partnership.
Total of 14,782 companies with foreign capital
Meanwhile, as of the end of November 2006, 12,176 companies and agencies with foreign capital existed.
Foreign capital engaged in partnerships with 2,606 companies of primarily domestic capital. Therefore a total of 14,782 companies with foregin capital have been operating in Turkey. These companies operate in mainly wholesale and retail sectors, followed by real estate, business activities and manufacturing industry, it has been reported.
Among companies operating in the manufacturing industry, textiles took the first place, followed by machinery and equipment, and chemical products.
Istanbul is the leader
As for the distribution of the multinational companies among country groups, enterprises with EU partnerships were in the leading role by 8,084 enterprises. In the given distribution, Germany ranked first with 2,588 firms, followed by England (1,390 firms) and Netherlands (1,175 firms).
In the distribution of the given 14,782 multinational firms among Turkey�s provinces, İstanbul ranked first with 8,210 companies. While Antalya scored a distant second with 1,736 companies, Ankara ranked third (1,029 companies) and İzmir ranked fourth (907 companies).
The 8,210 multinational companies in İstanbul have mainly been operating in wholesale and retail sectors (3,171 companies), followed by production industry (1,772 companies) and by real estate and business activities sectors (951 companies).
source: The New Anatolian
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