Turkey has reformed to draw more foreign investment in the country and to be one of the most competitive markets in the world, and people from all over the world are taking notice. Most of the changes were enacted in 2003 under the foreign direct investment law of Turkey and served its purpose.
The goal was to protect the rights of investors, therefore creating a more attractive investment environment, that would increase the economy to the highest level.
It is clear that Turkey has reached a lot over the last two decades. Turkey would like to be a global powerhouse and form sturdy, long-lasting relationships with countries all over the world at the same time.
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According to economic authorities the Turkish economy will reach the trillion-dollar ranks by 2020 and will be amongst the top world economies. Experts say besides Mexico, Turkey is an emerging market to live and take notice of. The GDP has more than tripled over 14 years, and Turkey has become a manufacturing hub for major international companies such as Nestle, Ford, P&G, Coca Cola, Unilever. And also, The Turkish banking sector has a significant amount of foreign capital such as such as Qnb, Citibank, Burgan Bank, Odeabank.
It is generally known that Turkey is the bridge between the east and west. Its strategic location has attracted a variety of investors, as surrounding nations are looking for investment partnerships. The African continent, the Middle East, Russia, and the European Union all have successful relationships with Turkey.
Its unique location attracts tourists from all over the world. The already established and fruitful relations are set to grow even more because of the new Istanbul airport that will become a global hub for tourists and business travelers as well as cargo.
Along with increased GDP, and existing financing from banks, residents of Turkey have observed drastic improvements in urban infrastructure. A mass project reformed conditions of available highways that were massively neglected for years, while bridges and new roads made travel quicker and easier for locals as well as businesses transporting cargo around.
Also, the real estate sector took its share from this process. Making mortgages reachable to the average person on the street, as well as regulating market rules for foreign buyers created a claim for new and improved modern housing.
Last Updated: 1/4/2019 9:16:04 PM