Turkey sees increase in FDI, privatizations by 2009

LONDON (Reuters) - Turkish Prime Minister Tayyip Erdogan said on Tuesday that his country was set to see an increase in foreign direct investment (FDI) this year and to complete a raft of privatizations by 2009.

"We received $20 billion in FDI in 2006. As of the end of 2007, we expect to receive $25 billion," he said at a conference in London.

On Turkey's privatization program, Erdogan said: "We aim to complete by 2009 projects to privatize electricity and power generation, Turkish Airlines, Halkbank and other public banks, roads, and other companies including sugar and tobacco."