Business Opportunities in Turkey
Classified by the World Bank as the 20th biggest economies in the world, Turkey has a solid industrial base and promising prospects in many areas of business. Hence, investors looking to expand their international business portfolio should consider the country as one of the best market places.
Several Turkish sectors have been liberalised recently, including the telecommunications, transport and energy industries. But great business opportunities for foreign investors can be found mainly in the non-industrial market such as tourism, electronics and IT, and retail.
As tourism play a key role in the Turkish economy, investing in this areas is definitely a worthy venture is. This is mainly because the number of tourists visiting the country has increased steadily at an average rate of over 200 percent every year since 1990. Tourism revenue also has increased by about 380 percent, making Turkey the eighth most popular tourist destination in the world.
Likewise, in the area of electronics and information and technology, great investment opportunities also await those who are looking to expand their markets. As a matter of fact, the level of foreign investments is high in this category.
Moreover, in the retail sector, a promising future is also foreseen for investors. Since 1990, there has been a sustained growth in retail, which is expected to continue to 2010 and beyond. The main reason for this optimistic forecast is the recent improvement in the country's distribution channels, as well as the adoption of modern forms of retailing. Hence, as much as investing in the Turkish retail sector is concerned; you are in for a venture with favourable returns.
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