Ekrem Imamoglu, mayor of Istanbul, speaks at the inauguration ceremony of an agency in Istanbul, Turkey, Feb. 17, 2020. An investment agency was launched on Monday to make Istanbul, Turkey's economic hub that accounts for one-third of the whole gross domestic product, an attraction spot for foreign investors. (Xinhua)

 
Turkish Industry and Technology Minister Mustafa Varank on Monday said Turkey is waiting for a new flow of foreign investments in several critical fields in the upcoming period.

Speaking at the UK Technology Conference held in Istanbul, Varank said Turkey expects to lure investments mainly in the fields of petrochemicals, transportation technology, integrated mining, defense, and electronics.

He said whoever invests in Turkey would be at an advantageous position, as the country's domestic market, dynamic labor force, strong industrial infrastructure, as well as its unique geographic location present excellent opportunities for investors.

"Turkey has a generous system of incentives to encourage foreign direct investment," the minister said, adding that it gives priority to investments that help produce strategic products and promote the country's technological level and export capacity.

"We want to carry Turkey to an upper level and put it among the most advanced economies in the world," he stressed.