France's 5 Billion Euro Investment Plan for Turkey

France's Major Investment Move for Turkey

French-Turkish Chamber of Commerce (CCIFT) and French Foreign Trade Advisors (CCEF) Turkey Committee President Franck Mereyde announced that French companies plan to invest 5 billion euros over the next three years. These investments are expected to primarily take place in the services, food, logistics, and construction sectors.

Economic Contribution of French Companies in Turkey

According to a new study, French and Franco-Turkish joint ventures operating in Turkey provide direct employment for over 143,000 people, and with indirect effects, this number reaches approximately 385,000. France's investments in Turkey characterize the country not only as a market but also as a competitive production center.

Investments Will Continue

French companies have continued to invest 3.6 billion euros during the 2020-2024 period. This information, which shows their ongoing confidence in Turkey despite economic fluctuations, indicates that long-term collaborations will continue.

Economic Stability and Future Expectations

French and Franco-Turkish companies contribute the equivalent of 1.6% of Turkey's gross domestic product, which is calculated to be approximately 18.7 billion euros. This situation demonstrates that French investments play a critical role not only economically but also in terms of employment and sustainable development.

R&D and Innovation: New Opportunities

According to the CCEF report, the impact of French and Franco-Turkish partnerships in the fields of R&D and innovation is also highlighted. 52% of participating companies engage in innovation projects in collaboration with local universities and research centers. Additionally, investments worth 700 million euros in R&D are planned for the 2022-2024 period.

Confidence in Turkey and Collaborations

France's Ambassador to Ankara Isabelle Dumont stated that the investment opportunities in the Turkish market and new projects are increasing France's interest in Turkey. Franck Mereyde emphasized that French firms in Turkey make significant contributions to the country's economic growth and view Turkey as a strategic partner.