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French companies plan to make investments totaling €5 billion ($5.25 billion) in Türkiye by 2027, French Minister Delegate for Foreign Trade and Economic Attractiveness Nicolas Forissier said Tuesday.
Speaking at the Türkiye-France Joint Economic and Trade Cooperation, or JETCO, meeting in Istanbul, Forissier said French firms had already invested €3.6 billion in Türkiye between 2020 and 2024, underscoring what he described as the intense and long-term nature of French commitments to the country.
He said bilateral trade volume between the two countries reached a record €24 billion in 2025.
Forissier noted that French companies contribute significantly to Türkiye’s economy, providing about 400,000 jobs through direct and indirect employment.
The minister announced that Limak Group and France’s public investment bank Bpifrance will implement a new €150 million project. He added that Ronesans Group is set to sign a separate agreement with Bpifrance worth €50 million.
Forissier said Bpifrance currently provides a total financing facility of €1.8 billion in Türkiye.
He described the JETCO meeting as reflecting an exceptional dynamic and a critical step in strengthening mutual cooperation, adding that he was pleased France would host the ninth-term JETCO meeting next year.
Forissier said the Turkish economy continues to grow strongly and that Turkish companies are expanding their international footprint. He added that France is open to providing full support to Turkish firms seeking to invest in France, which he described as Europe’s leading investment destination.
The Türkiye-France JETCO meeting was held in Istanbul on Tuesday with the participation of Forissier and Turkish Trade Minister Omer Bolat and was hosted by the Foreign Economic Relations Board, or DEIK.
Bolat said Türkiye-France bilateral trade stood at $14 billion five years ago but rose to $24.1 billion in 2025.
He said mutual investments have also increased, noting that Turkish companies’ investments in France have reached $1 billion, while French investments in Türkiye have reached $8.7 billion.
“1,749 French companies have significant investments in Türkiye in industry, energy, services, transportation, and aviation,” Bolat said.
Bolat said there is close integration and an expanding value-chain relationship between the two countries in industry, manufacturing and the broader economy, adding that both sides are highly satisfied with this trend.
He said $4 billion of the $8.7 billion in French investments came in the past four years, and that French companies are discussing $5 billion in new investments and projects over the next three years.
Bolat said delegations held comprehensive talks aimed at further developing cooperation not only in trade and investment, but also in contracting services, joint ventures in third countries, energy, transportation, environment, water, aviation, defense industry and logistics.
He said there is already strong cooperation and mutual investment in sectors including automotive, aviation, pharmaceuticals, renewable energy, textiles, food, cement, construction, information and communication technologies, tourism, finance and insurance, and that both sides expect this to deepen further.
Bolat said he also discussed Türkiye-European Union relations with Forissier, noting that both sides expressed satisfaction with the agreed solutions to resolve some customs union-related issues.
He said the French side reported issuing 163,000 visas to citizens of the Republic of Türkiye last year, the highest number France granted to any country after China.
“They noted that waiting times have been significantly reduced and that the visa regime has been made easier, especially for students and businesspeople,” Bolat said.
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