Why Do Many Arabs Choose to Invest in Turkey
Turkey was the sixth most visited country in the world with 52.5 million visitors in 2019, according to the United Nations World Tourism Organization (UNWTO). It has become a magnet for investors around the world who are looking for profitable real estate investments that allow them to obtain Turkish citizenship and to get the Turkish passport, the world’s 52 strongest passport.
With its strategic location, beautiful nature, important tourist destination, and European-like clean air, elegant neighborhoods and luxurious houses, Turkey encouraged and attracted many investors. The value of foreign direct investment in Turkey was about $5 billion in 2020, according to the Turkish president, Recep Tayyip Erdogan.
What are the most important advantages of investment in Turkey, and what are the best industries to invest in?
Are there any conditions for investing in Turkey?
Significant Advantages of Investment in Turkey
1- Advanced Economy
The Turkish Statistical Institute said that the Turkish economy has grown by 7% in the first quarter of 2021. Also, the value of revenues amounted to 188 billion and 65 million dollars, exceeding the expectations and growing by 6.7%, according to the Turkish Anadolu Agency. In addition, Reuters Agency’s poll results
suggest that the Turkish economy is going to continue growing by 5.5% this year.
Turkey has Europe’s sixth and the world’s 16th strongest economy. Additionally, it has attracted more than $135 billion from international capital (foreign investment) in the past 10 years which led to an increase in exports by more than 245%.
2- Good infrastructure
The Turkish government pays attention to the infrastructure in turkey.
It also attracts international investors to make big investment projects through providing the needed infrastructure and reducing the cost of transport as it has the world’s best and fastest transportations, the most important of which is the New Istanbul Airport, which is expected to be the largest airport in the world by 2023. Furthermore, it has highly developed medical cities, the Istanbul water canal, and many other infrastructure projects.