Norwegian Sovereign Wealth Fund invested 1.7 billion dollars in Turkey.

Norwegian Sovereign Wealth Fund Makes a Major Investment in Turkey

The Norwegian state wealth fund, with assets exceeding 2 trillion dollars, has taken a significant step by investing a total of 1 billion 723 million 412 thousand dollars in shares of companies in Turkey by the end of 2025. This investment, which includes shares of 79 companies, represents the highest number of company investments by the fund in Turkey.

Investor's Favorite: ASELSAN

The Norwegian Sovereign Wealth Fund made its largest investment in Turkey in ASELSAN Electronics Industry and Trade Inc. (#ASELS). The fund holds 0.58% of ASELSAN's shares, with a total investment of approximately 142 million dollars recorded in this company. Additionally, other significant investments in the fund's portfolio include shares of BİM Birleşik Mağazalar AŞ (#BIMAS) and Akbank (#AKBNK). The investment in BİM amounts to 120 million 39 thousand dollars, while Akbank received 117 million 388 thousand dollars.

Significant Investments in the Energy Sector

The fund is also actively involved in the Turkish energy sector. It has invested approximately 121 million dollars in the shares of companies such as Türkiye Petrol Rafinerileri AŞ (Tüpraş) (#TUPRS), Astor Enerji (#ASTOR), and Enerya Enerji (#ENERY). The investment amount for Tüpraş is reported to be 91 million 787 thousand dollars.

Investment Trends in Turkey on the Rise

The Norwegian Sovereign Wealth Fund has gradually increased its investments in Turkey since 2001. Starting with 485 million dollars in 2021, investments rose to 1.2 billion dollars in 2022, 1.3 billion dollars in 2023, and reached 1.5 billion dollars in 2024, gaining significant momentum. The fund is interested in various sectors in Turkey, including finance, healthcare, steel, technology, and telecommunications.

Global Investments and Fund Size

Since 1990, the Norwegian Sovereign Wealth Fund has created an impressive portfolio by investing in over 7,200 firms in 60 different countries. As of December 31, 2025, the market value of this fund is expected to reach 21 trillion 268 billion Norwegian kroner (2 trillion 221 billion dollars). The earnings from the fund's investments so far have been reported to be 2 trillion 362 billion Norwegian kroner from technology and financial shares.