Italy tops list as Turkey draws over
$4.6B in foreign investment

Over $4.6 billion (TL 32.36 billion) in foreign direct investment (FDI) flowed into Turkey in the first 11 months of 2020, official data showed, in a year overshadowed by the corona virus pandemic and lockdown measures.

Of this figure, nearly $3.3 billion came from Europe, accounting for almost 71% of the overall FDI in the country, data compiled from the Industry and Technology, Ministry and the Central Bank of the Republic of Turkey (CBRT) by Anadolu Agency (AA) on Thursday showed.

Italian confectionery giant Ferrero is also a major investor in the country. It runs six production facilities in Turkey, three in northeastern Trabzon and at locations in northwestern Düzce and Izmit and western Manisa. It also operates eight warehouses, five collection centers and five Ferrero Farming Values offices, employing some 1,500 people.

Italy was followed by the U.S., with $769 million