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Investment in Turkey forecast to double next year16 October 2006 Foreign direct investment in Turkey is set to double in 2007 according to Charles Dallara, head of the Institute of International Finance, the global association of banks and financial institutions. Speaking at the annual meeting of the IMF and World Bank, Dallara cited sound government policies and reforms introduced to bring the Turkish economy into line for EU membership as the reasons for the country's recent economic stability and growing investor confidence. According to his predictions, investment from overseas would reach nearly $20 billion next year - more than double its 2005 level. Official figures show foreign investment totalled $9.2 billion in the first seven months of 2006, including nearly $2 billion invested in the country’s real estate sector. |
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