The most important international companies destined to invest in Turkey

Created: 2022-03-29
Last Updated: 2024-04-27
Views: 9660

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Technology, Furniture, Textiles and Medicines at the top
The most famous international companies operating in Turkey

In December 2021, Turkish government celebrated the launch of its newest satellite, "Türksat 5B", into the space via SpaceX rocket "Falcon 9", from a base in Florida, USA, this is the eighth Turkish satellite, and it is the most powerful and latest in Turkey in the field of communications and Technology, the launch is considered the fruit of the first cooperation between the Turkish government and SpaceX owned by American billionaire Elon Musk. The launch was preceded and followed by several meetings between Turkish President Recep Tayyip Erdogan and the giant of space technology Elon Musk, the largest investor in space technology sciences; Meetings had held to discuss issues related to cooperation in various fields.

The launch is just the beginning of cooperation between Turkey and SpaceX, as well as the culmination of Turkey's tireless efforts to attract global investments and major investment companies in Turkey, in a message of reassurance to the world that Turkish economy has become at the highest readiness for this type of investment.

The observers of the Turkish economy know that the growth rate of the Turkish economy for 2021 exceeded all the expectations, as the growth rate reached 11%, according to the report of the Turkish Statistics Authority, compared to 2020, a figure that was not among the expectations of international institutions such as the International Monetary Fund and the European Bank for Development and Reconstruction, the rate that Turkish President expected it in November 2020, noting at the time that the year 2021 will witness exceeding the growth rate of 10%, to be the highest growth among its peers in the Group of Twenty industrialized countries and the third among the countries of the Organization for Economic Cooperation and Development (OECD).

Despite the problems that the Turkish state faced after the Corona pandemic from economic stagnation and increasing inflation rates, this did not affect the strength of the Turkish market to attract foreign direct investment, already there are many multinational companies operating in Turkey, and there are other international companies intend to start operating in the sectors of furniture, textiles, pharmaceuticals and packaging, directing its production and investments to Turkey, due to the huge increase in the costs of long-distance transportation, which contributed to transforming Turkey as an investment point and production center for many foreign international companies.

Technology, Furniture, Textiles and Medicines at the top

The last of these companies that intend to establish a new headquarter in Turkey is the international IKEA furniture company, which is currently moving towards the manufacture and export of chairs, ware drop, kitchens, etc., also the "LBB" company working in the textile sector, which intends to transfer its production capacity from Asia to Turkey, and finally the German pharmaceutical company "Boehringer Ingelheim". , which announced its intention to make major investments in Turkey to localize its production in Turkey, in cooperation with the local "Abdi Ibrahim" company for pharmaceutical products, and the company announced its intention to manufacture medicines for diabetes, central nervous system and cardiovascular diseases in Turkey, in addition to conducting a set of Clinical research and pharmacological studies.

According to many press reports, Turkey's share in global foreign direct investment increased to about 1% in 2020, while it was about 0.6% in 2019, and Turkey aims to raise its share in global foreign direct investment to 1.5%, according to the government's foreign direct investment strategy document for the period. 2021-2023.

The increase in foreign direct investment is due to the strong performance of the growth of the Turkish economy and the structural reforms undertaken by Turkey over the past decade and a half. The total foreign direct investment to Turkey amounted to $225 billion in the period from 2003 to 2020, after it was only $15 billion for the year 2002, it caught the attention of investors to become the destination of many international investors.

The most famous international companies operating in Turkey

1- Coca-Cola

In 2002 The Coca-Cola Company established its first production and distribution factory in Turkey. Headquartered in Istanbul, CCI serves and meet the need of 80 million through 10 factories, with the help of 2,500 employees throughout Turkey. Its products portfolio includes 25 brands under 5 categories including juices, water, sports, energy drinks, tea and iced tea, as well as soft drinks.

2- Ford Automotive

The American Ford Motor Company, The automotive giant in Motor industry, that global company headquartered in Dearborn, Michigan, for the auto giant has 3 locations within Turkish territory, where it designs, manufactures, markets and provides services for a full range of cars, trucks, SUVs and electrified vehicles, as well as its financial services through its company. Ford Motor Credit, aiming to achieve leadership positions in the field of electric vehicles and autonomous vehicles, In Turkey there are 10,000 employees working for Ford. The company operates in three different locations: Gölcük and Yeniköy plants in Kocaeli, İnönü factory in Eskişehir, spare parts distribution center and R&D center in İstanbul-Sancaktepe.

The company has been operating in Turkey since 2004 and has been ranked among the three Turkish companies with the highest exports.

3- Toyota

(Toyota Turkey) is one of the best Toyota car production bases in Europe, which is headquartered in Sakarya at the northwestern Anatolia province, and currently manufactures C-HR and Corolla models, the company has been operating in Turkey since 2002, and the total cumulative exports of Toyota Turkey is about 37 billion US dollars, and its cumulative production has so far reached more than 2 million units, and more than 90% of its production is distributed for export to nearly 150 countries, including Europe, Middle East, North Africa, Central Asia and North American countries, including United States, Today the company is Toyota's largest production factory in Europe and is also one of the largest auto manufacturers and exporters in Turkey, it employs more than 5,500 employees, 10% of its employees speak Japanese, while the majority of office employees speak English.

4- Hyundai

Hyundai entered Turkey for the first time in 1990, and in 1995, following strong demand and high sales, the company established a factory in Izmit and started production in July 1997. The annual production capacity of the factory is 245,000 cars. The factory extends over an area of one million square meters, 700,000 square meters are allocated for the factory, and 108,000 square meters for production activities.

5- Pfizer Pharmaceuticals

Pfizer has been operating in Turkey since 1957, and the company operates in many activities besides being a pharmaceutical company, the number of Pfizer employees in Turkey is about 1000, and the company is located in Istanbul, one of the largest cities in Europe, the company exports products Pfizer Turkey to more than 10 European countries and Far Eastern countries

6- Unilever

Unilever's operations started in Turkey in 1952 in Istanbul, and the company's staff so far more than 5,000 employees working in eight factories across the country, Turkey is a regional headquarter for the company.

7- Nestle

Nestle started in Turkey at 1909, with its first sales office in Karakoy, and in 1927 Nestle opened its first chocolate factory in Ferikoy, in the following years till today the company in Turkey has two factories including a multi-production located in Karakapi Bursa and Kestel Bursa, Nestlé produces 92% of the products that sells in Turkey, producing more than 800 products and around 50 brands in two different categories.

8- Huawei

Huawei began its activities in Turkey with its offices in Ankara and Istanbul in 2002. Today, the company employs nearly 1,500 people, 85% of whom are Turks. The company combines three important operations in its office in Istanbul: Research and Development Center, Training Center, and Customer Solution Center. and Integration Experience (CSIC), the company is one of the world's leading providers of Information and Communication Technology (ICT) solutions.

The company is a major contributor to Turkey's development in ICT industry. The company launched its R&D center in 2009 in Istanbul, and since then has seen its growth to become Huawei's largest overseas research and development center, devoting 14% of its total annual income for the global research and development, the R&D center in Turkey has already received more than $120 million in total funding since its inception, and now receives over $20 million in ongoing investment annually.

9- Microsoft

In 2007 Bill Gates chose Turkey as one of the top five countries for his company branches, focusing Microsoft's Turkey operations in working with small and medium-sized businesses to develop better technology.

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