January 29 (SeeNews) - Foreign direct investments (FDI) in Turkey can double to over $30 billion (27.26 billion euro) annually in the long term, local media reported, citing Arda Ermut, the head of Turkey's Investment Office.
The country can attract 1.5% of global FDI in the short term and 2% in the long term thanks to its geographical location, young population and economic dynamics, Ermud told a forum in Istanbul, as reported by Anadolu Agency on Wednesday.
Turkey received a total of around $217 billion in FDI in the last 17 years, or 1% of global FDI over that period, the report added.
FDI into Turkey in the January - November period stood at $7.58 billion, down 36% on the year, data from Turkey's investment office showed.
Eearlier in January Turkey's finance minister Berat Albayrak said, as quoted by local media, that the country expects to attract some $15 billion in FDI in 2020.
($ = 0.9089 euro)