Direct foreign investment to Turkey rose 32 percent last year on the previous year, the country’s investment agency said Thursday.
Foreign investment reached $16.6 billion, up to $12.5 billion in 2014. The Investment Support and Promotion Agency of Turkey said it was the largest sum since the 2008 financial crisis.
The service sector saw the greatest input of foreign capital — $6.2 billion — followed by the manufacturing and energy. Spain, the U.S. and Luxembourg were the largest investors.
“Despite the election process in the country and continued adverse conditions in some neighboring countries, confidence in the eyes of investors has renewed,” Arda Ermut, the agency’s president, said in a statement.
“The country’s attractiveness in the eyes of foreign direct investors will increase further in the forthcoming period.”