Reasons to invest in Turkey – Advantages of investment in Turkey
Turkey has become a preferred destination for many investors as investing in Turkey is a successful project by all standards. There are many reasons that make investing in Turkey a real opportunity to achieve high profits and this is what we will talk about in this article from Ebla Real Estate.
Reasons to invest in Turkey:
Turkey is one of the best countries in the world in terms of investment, it has provided all facilities to investors from all over the world. Moreover, there are many investment opportunities in Turkey that attract foreign investors and offer profitable returns. The attention of investors was directed towards Turkey as there are many reasons that encourage them to invest in it.
The robust economy of Turkey:
One of the most important incentives and reasons for investing in Turkey is the strength of the Turkish economy. Turkey has the 20th largest nominal GDP in the world, and the 11th largest GDP by purchasing power parity. Furthermore, Turkey’s economy is the seventh largest in Europe, with a GDP of 815 billion dollars in 2021. Moreover, Turkey is a founding member of the Organization for Economic Cooperation and Development and the G-20 major.
Turkey’s tourism position:
It is one of the main reasons that encourage investors to invest in Turkey. As Turkey, which was visited by more than 46 million tourists, ranked sixth among the largest tourist destinations in the world and the fourth largest tourist destination in Europe. That is because of many factors, including:
- The charming nature of seas, mountains, forests and others.
- Many historical monuments, tourist and recreational facilities.
- Ease of travel.
- Integrated services.
- Low cost of living.
All of this reflected positively on Turkey’s prosperity and attracted thousands of foreign investors to start their investment projects in Turkey.
The vital location of Turkey:
Turkey has a strategic geographical location as it is a natural bridge between Asia and Europe. Thus, it draws attention with its easy access to North Africa, Europe, the Middle East, and Central Asia. Furthermore, Turkey ‘s strategic location enables easy reach to markets across 16 different time zones.
Developed infrastructure in Turkey:
Infrastructure is one of the most important elements supporting investment in Turkey, and one of the main reasons that motivate investors to establish their projects there. Turkey has undergone growth in basic infrastructures, such as:
- Urban transformation projects in most major cities.
- Urban expansion and construction of modern housing complexes.
- Vital service projects such as hospitals, schools and shopping centers.
- Development of transport networks and roads.
- Three suspension bridges connect the European and Asian shores with the Bosphorus.
- In addition, Turkey has about 100 airports, including 22 international airports.
Government support for investment in Turkey:
The Turkish government provides support in many areas of investment for foreign investors in Turkey. Moreover, it provides them with facilities, services and features, the most prominent of which are:
- The Turkish government grants foreign investors legal residence in Turkey.
- It also grants foreign investors Turkish citizenship through investments.
- Foreign investors are entitled to apply for loans from Turkish banks.
- In addition, it provides investors with tax exemptions.
- Treating the foreign investor as the Turkish investor in terms of rights and duties.
- Ease of transferring money from abroad to Turkey and vice versa, without legal obstacles and impediments.
Availability of many major investment projects in Turkey:
Foreign investors in Turkey can invest in all fields. Moreover, the Turkish market offers multiple opportunities and options. Therefore, Turkey witnessed an unparalleled turnout by businessmen and turned into a magnet for foreign investments, especially Arab investments. This diversity is one of the main reasons to invest in Turkey.
Population density of Turkey:
Turkey’s young and well-educated population is a valuable asset, as investors face significant challenges elsewhere in Europe due to population aging and shrinkage.
Moreover, Turkey offers excellent opportunities for investment with its growing, young, and dynamic population – the driving force behind a strong labor pool and a lucrative domestic market.
Turkey ‘s population was registered as 83.6 million in 2020. It is expected to reach 86.9 million by 2023, and 100.3 million by 2040, according to the Turkish Statistical Institute (TurkStat). The population is projected to maintain its growth momentum until 2069, when it will peak at 107.6 million.
Edited by: Ebla Group Real Estate
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