Ankara: Minister of Treasury and Finance of Turkiye, Mehmet Simsek, stated on Wednesday that the accelerating pace of foreign direct investment (FDI) reflects growing confidence in the country's economic program.

According to Qatar News Agency, Simsek noted that FDI reached $12.4 billion during the first 11 months of last year, marking a 28 percent increase compared to the same period the previous year. He highlighted that a $2 billion influx of FDI into renewable energy projects will accelerate Turkiye's green transition, bolster energy security, and structurally reduce dependence on energy imports.

Additionally, Turkiye and Saudi Arabia signed a $2 billion solar energy investment agreement during President Recep Tayyip Erdogan's official visit to Riyadh on Tuesday.