Turkey's experience in attracting investments - to the Leningrad region

24-10-2022

Specialists of the Economic Development Agency of the Leningrad Region took part in the NAAIR international internship for regional investment agencies and development corporations at the site of investment agencies INVEST IN TURKEY and INVEST IN ISTANBUL.

The internship took place as part of the organization of the international activities of the NGO "National Association of Investment and Development Agencies" (NAAIR) and the work of the NAAIR.Global platform with the support of the Ministry of Industry and Trade of the Republic of Turkey and the Ministry of Economic Development of the Russian Federation.

The internship was attended by 15 regions of Russia, as well as representatives of Russian and Turkish businesses.

The Investment Office under the President of the Republic of Turkey is responsible for promoting Turkey's investment opportunities and assisting investors before, during and after their arrival in Turkey. The office works with a network of consultants based in a number of countries including China, France, Germany, Italy, Japan, Malaysia, Qatar, Saudi Arabia, Singapore, South Korea, Spain, UAE, UK and USA. The investment office offers investors a wide range of services on a one-stop basis.

According to FDI Markets, Turkey has become the 9th most popular foreign direct investment (FDI) destination with 160 projects in Europe. As of the end of 2020, the number of companies with foreign capital in Turkey reached 73,675, compared to 5,600 in 2002.

Opening the internship, NAAIR Executive Director Rafael Khusyainshin noted that Russia and Turkey have similar approaches to organizing the investment process, and therefore, the exchange of experience is extremely important for our countries and investment agencies.

The Istanbul Development Agency was also not chosen by chance. Thus, according to the results of the first quarter of 2022, Istanbul ranked fourth among European cities after London, Paris and Berlin in terms of the volume of attracted investments.
Special attention was paid to the work of the Istanbul Investment Support Center (CIP), which was established to provide investor support services in Istanbul (responsible for informing and supporting investors in the field of business development, taking the necessary measures to overcome administrative barriers, providing regional investment incentives; monitoring investment activity; informing investors about investment opportunities; coordination, exchange of experience, etc.).

During the exchange of experience with the Istanbul Chamber of Industry (ISO, https://www.iso.org.tr/), the organizational structure of the chamber, the industrial ecosystem of Istanbul (serves 13,500 business customers per day, 250 thousand registration procedures per year, carries out more than 2 million transactions annually, issues up to 1 million certificates of commercial activity annually).

During the exchange of experience, AERLO specialists presented the best practices of the Leningrad region in working with investors - a CRM system and an investor's personal account on the investment portal, an investment card.

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