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Where has Turkey's foreign direct investment gone?

In the first half of this year, foreign direct investments in Turkey plummeted 54% compared to the same period last year.
People stand on a Turkish army tank at Ataturk airport in Istanbul, Turkey July 16, 2016.    REUTERS/Huseyin Aldemir  - RTSI871

Last year, Turkey attracted its largest amount of foreign direct investment (FDI), $16.8 billion, in the past seven years. In 2016, however, the tables have turned, with Turkey now on track to experience its lowest FDI in seven years.

According to Economy Ministry data, FDI in Turkey for the first half of 2016 plunged 54% compared to the same period last year, dropping to $4.8 billion from $10.5 billion. Of the $4.8 billion, $2 billion was in the form of real estate purchases by foreigners, a significant increase for that sector for the half year.

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