In the first six months of 2012, foreign direct investment (FDI) in Turkey rose 21 percent to $8.2 billion. Britain was the FDI leader with $1.9 billion.
Britain’s acting consul general in Istanbul, Syed Shah said that in addition to Turkey’s EU candidacy and membership in the G-20, Turkey played an important economic role both in the region and globally. “Turkey’s economic performance has captured the attention of British firms and has sparked their interest in Turkey.”
He said the dynamic Turkish market offers major opportunities for British firms and influences bilateral economic and commercial relations.
A recent example of British interest in Turkey was Bancroft’s latest investment. Bancroft Private Equity, a British investment fund, acquired 75 percent of shares in Graniser, a local granite producer, for $75 million in early June. It was the fourth investment of Bancroft in Turkey, according to Bancrof Turkey Chairman Levent Aydınoğlu.
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