International investors are looking to increase investments in Turkey, notably in mergers and acquisitions, as they anticipate a shift to a more orthodox economic policy after May 14 elections, four government officials and analysts said.
Opinion polls show President Tayyip Erdogan facing the greatest electoral challenge of his two decades in power in the presidential and parliamentary votes after an inflation-driven cost of living crisis eroded his support in recent years.
Foreign investors have held talks with the government and opposition parties and public and private sector companies, one senior government official said. "I'm in contact with European and Israeli investors. Also, Russians are looking at the tourism sector. I expect investments from Europeans, especially in manufacturing and industrial sectors," he said.
While the UAE and Saudi Arabia were eyeing energy investments, Western investors were looking more at fintech and digital, he said.
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