Causes and Effects of Foreign Investment Boom in Construction Sector in Turkey

Authors : Sabina AGHAYEVA

Pages : 1-19

View : 24 | Download : 20

Publication Date : 2019-03-25

Article Type : Research Paper

Abstract :This paper reviews the causes and effects of direct foreign investment in construction sector in Turkey. Foreign investment has played a very significant role in promoting the development of the construction industry in Turkey recently. It has also contributed to the capital savings and production capacity of Turkey, not leaving out the technology and management skills. Turkey has already accomplished to realize thousands of stunning construction projects all over the country over the past 15 years by improving its economic and political stability. Turkey has been able to attain the target of becoming among one of the most prominent countries which can attract a considerable amount of foreign capital in various business sectors as well as construction industry. As known very well, capital, raw materials and well trained workforce are the essential assets for a country to pave the way to reach to the level of developed countries. Acceleration of globalization,  new trends aimed at world citizenship, facilities of transportation and effective communication devices, encouragement of foreign investments, simplification and reduction of red-tape, the strategic location of Turkey cheap labor force and many other favorable factors have all played significant roles to attract so many foreign investors to invest their funds in Turkey. Therefore, the main purpose of this paper is to examine the causes and effects of drawing such a lot of Foreign Direct investment (FDI) into Turkish construction sector. This paper will also glimpse at foreign investments all over the world, as well as Turkey. Thus, it will go further to analyze the statistical figures of foreign investment in the Turkish construction sector. 
Keywords : Promote, Direct foreign investment, Construction sector, Workforce