After attracting $9.1 bln in FDI last year, Turkey rises to no.27 worldwide

Turkey attracted $9.1 billion in foreign direct investment (FDI) last year to rise to the 27th most appealing destination for investment around the world, according to a new United Nations Conference on Trade and Development (UNCTAD) report. Announcing the findings of the World Investment Report 2011 in Istanbul yesterday, International Investors Association (YASED) Secretary-General Ozlem Ozyigit said the US topped the list with $228.3 billion in FDI in 2010, followed by China with $105.7 billion, with Belgium, China's Hong Kong Special Administrative Region, and Brazil filling out the top 5. As Turkey ranked 30th in UNCTAD's previous report, attracting $8.5 billion in FDI, last year's performance represented only a minor increase, but expectations for attracting much more investments this year are high.