French Firms Plan $5.7B New Investments in Türkiye | Report

French and Franco-Turkish Companies Plan $5.7 Billion in New Investments in Türkiye

French and Franco-Turkish companies are preparing to significantly expand their presence in Türkiye, with €5 billion (approx. $5.76 billion) in new investments planned over the next three years, according to a report published by the Turkish-French Chamber of Commerce (CCIFT) and the French Foreign Trade Advisors Committee (CCEF).

Strong Track Record of Investment

Between 2020 and 2024, French and joint French-Turkish companies invested €3.6 billion ($4.1 billion) in the Turkish economy, demonstrating long-term confidence despite global and regional volatility.

The newly released report, "Sustainable Impact: The Economic and Social Contributions of French Companies and Franco-Turkish Partnerships in Türkiye (2020–2024 Update)", outlines the significant role these companies play across Türkiye's industrial and service sectors.

Economic Footprint

According to the report:

• French and Franco-Turkish companies provide direct employment to over 143,000 people.
• Including indirect impact, this number reaches approximately 385,000.
• They operate 197 production facilities nationwide, positioning Türkiye as a key manufacturing and export hub.
• Their total turnover during the period reached €36.6 billion, with 22% generated through exports.
• Their activity accounted for 1.6% of Türkiye's GDP, equal to €18.7 billion at 2024 exchange rates.

R&D, Innovation and Sustainability

The study highlights strong cooperation in research and innovation:

• 52% of companies carry out joint projects with universities, research institutions or local partners.
• €700 million was invested in R&D between 2022–2024.
• 47% obtained patents, trademarks or industrial property rights in Türkiye.

On the social and environmental side:

• 64% have implemented measures to increase women's participation in management.
• 71% perform annual carbon footprint assessments.

Future Plans

The planned €5 billion in additional investments—conditional on stable economic and legal conditions—is expected to bolster Türkiye's production capacity, exports and job creation.

French Ambassador to Ankara Isabelle Dumont stated that the findings confirm the "strong and long-term commitment" of French companies to Türkiye.

Franck Mereyde, President of CCIFT and the CCEF Türkiye Committee, emphasized that the French economic presence is "one of the pillars" of Türkiye's economy and a clear demonstration of ongoing business confidence.

The planned investments represent a significant vote of confidence in Türkiye's economic future.