Almost 3,500 Turkish companies are currently operating in 103 countries. Nearing $24bn, Turkish outward direct investments intensify in energy, banking, communications, manufacturing and commerce. According to a study from the Ankara Trade Chamber based on Treasury and Central Bank data, outward direct investments, at a mere $3.7bn by 2001, shot up to $23.6bn as of September 2010. Therefore, near $20bn of the Turkish investment abroad has been made in the past decade.
- Published in Case Studies