Conexio consulting

Digital billboards in Times Square display “Invest in Turkey” message

Invest in Turkey Times Square

The Turkish Presidential Investment Office published the “Invest in Turkey” message on digital billboards in Times Square in New York.

The Presidential Investment Office, which aims to attract value-added and technology-oriented investments that will strengthen Turkey’s position in the global supply chain and carry it forward, has added a new one to its efforts to promote the country’s potential.

In this context, the Presidential Investment Office’s “Turkey: Your Resilient Investment Partner” and “Invest in Turkey” messages were broadcast on digital billboards in New York’s world-famous TimesSquare.

The messages were displayed at regular intervals for three days during the week when the city welcomed visitors from around the world for the 78th United Nations (UN) General Assembly.

With these statements, the Presidential Investment Office aims to convey the message that Turkey, with its resilient and fast-growing economy, offers investor-friendly policies and a large talent pool to attract sustainable international direct investments, as well as access to global markets at the intersection of Europe, Asia and Africa.

International investors distinguish Turkey from its geographical neighbors by the country’s young, qualified, competitive talent pool, which closely follows technology and has an entrepreneurial business culture.

Priority sectors supported in Turkey include e-mobility, life sciences, energy storage, chemistry, information and communication technologies, machinery, advanced manufacturing, defense, aviation and agriculture.

Growing by an average of 5.4 percent over the last 20 years, Turkey is the world’s third fastest growing economy among G20 countries, behind China and India.

Proving its resilience despite the Covid-19 pandemic and global economic shocks, Turkey has demonstrated a strong sustainable development model in the last 20 years.

Turkey’s exports increased from 36 billion dollars in 2002 to 255 billion dollars in 2022. The country’s share of global exports rose above 1 percent. The number of products with an export value of 1 billion dollars or more increased from 9 in 2002 to 53 in 2022.

While international direct investment inflows to the country amounted to 15 billion dollars between 1980 and 2002, this figure exceeded 256 billion dollars between 2003 and 2023.

Turkey’s share of global international direct investments, which was 0.2 percent until 2002, has risen above 1 percent today. The number of companies with international capital has increased more than 10-fold in the last 20 years, rising from 6,000 to 80,000.