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Why Turkey


Why Turkey?


• Beautiful landscape..
• Combination of contemporary and traditional..
• It’s not only a place to work, but also a fascinating place to live..

Why should we invest in Turkey?
 
Turkey's credit rating
 
While S&P has increased the credit rating of Turkey twice as of 2008, Fitch has increased the long-term foreign currency issuer default rating of the country up to the level of being investible.
 
It has been stated in Morgan Stanley's Central Asia, Europe, Middle East and Africa report (CEEMA) that it was a correct decision to increase the credit rating of Turkey to the level of being investible in 2012 and it has been emphasized that Turkey has risen again in a much more balanced way this time.
 
In the report stating the prediction that Fitch increasing the credit  rating of Turkey to an investible level in 2012 will be followed by other credit rating agencies, this sentence has been expressed explicitly: “If the macro policies continue to be strictly maintained, there is a probability for other credit rating agencies to follow Fitch. We are expecting Moody to take a similar step in 2013”.
 
Fitch stating that the economy is progressing towards transitioning to a sustainable growth has expressed the following: “Increasing the creedit rate reflects the mitigated macro financial risks in a short period and has reduced the debt burden of the government. The Turkish economy will remain more volatile than other countries which are the investible level. The condition of public finances in Turkey is the key element in the increased credit rate. The powerful banking system of Turkey supports the credit rate.”
 
Fitch has stated that it believes that the Turkish economy has a trend of a strong and sustainable growth. 
 
The credit rate of Turkey is below the level of being investible according to other credit rating agencies.
 
S&P: Currently Turkey is at BB level. Afterwards it will respectively BB+ and BBB-. It is a requirement that the credit rating be increased twice in order to reach the investible level. 
 
Moody’s: Currently Turkey is at Ba1 level. Next is the Baa3 level. It is a requirement that the credit rating be increased for one more level to reach the investible level. 
 
Some key figures of Turkey

• Turkey is the 18th largest economy in the World.
• The largest young population when compared to the EU countries…
• Country population 74.724.269
 
2001-2011 GROWTH PERFORMANCE of TURKISH ECONOMY
 
Turkish economy has achieved a growth of;
• 6% on average between the years of 2001 and 2011 excluding the two years of crisis
• 4.4% when including the two years of crisis
• 5.4% when excluding the crisis year of 2001
 
Turkish economy has a growth performance of yearly 5.0% on average.
Based on the growth performance achieved between the years of 2001-2011
• The national income has increased from $196.1 billion to $772.3 billion
• The income per capital has increased from $3,037 to $10,444
 
Top reasons to invest in Turkey!
- International transfer center
- Acces to multiple markets 
- Turkey is the 6th most visited holiday destination in the World (2011)
- Dynamic, stable and attractive economy
- GDP and income 2011 GDP (current price $774 billion)
- Annual average real GDP growth (5,5%) 2002-2012
- Annual  real GDP growth (2,2%) 2012
 
Why invest in Turkey?


According to the projection by Goldman Sachs;
Turkey will be the 9th largest economy in the World and the 3rd largest economy in Europe by 2050.
1.China
2.USA
3.India
4.Brasil
5.Russia
6.Indonesia
7.Mexico
8.UK
9.Turkey
10.Japan
Source: Goldman Sachs, 2008
 
• Real Estate; Third most attractive real estate investment destination in 2012 (AFIRE); Istanbul is the most attractive real estate investment market in 2012 (PwC, ULI); $22 billion FDI over past 9 years.
• Turkey Shows the best economy prospects within “Europe”; short and mid-term;
-2011: %x
-2012: %x
-2013: %x (conjectural)
 
Property Investment Turnover: Turkey

Turkish investment market growing gradually; leisure and retail attracting most interest.
Construction industry data
• In 2009 the decrease became stronger with the impact of economic crisis and the construction industry was narrowed at the rate of 16.3%
• In 2010 the construction industry achieved a growth at the rate of 18.3% and became the fastest-growing industry.
• The construction industry maintained its fast growth in 2011 as well and achieved a growth of 11.2%
• It is expected that the construction industry may achieved a growth of 7-7.5% in an environment where the Turkish economy is projected to grow at the rate of 4-5% in 2012.
 
How did construction investments change by years in Turkey?
Investments in construction sevtor consist of two items building investments and non-building investments implemented by both public and private sectors. Construction investments have increased to USD 61.6 billion in the year 2010 and to USD 70.2 billion in 2011. Private sector has grown faster in terms of construction investments reaching to USD 45.5 billion with a share of 64.8% in total construction investments.