Turkey earned record revenues from foreign direct investment (FDI) and privatisation in 2005, as, for the first time, the nation entered the big leagues in drawing international capital, according to the Foreign Investors Association (YASED).
In 2005, the country attracted $9.65bn in FDI, about 3.5 times more than in 2004, bringing the total foreign investment registered in Turkey since 1954 to $30.2bn, YASED reports. Still, this was a tiny sum when compared with China, which drew $94.6bn in 2004 alone, along with Hong Kong, according to the World Investment Report of the United Nations Conference on Trade and Development.
