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French and Franco-Turkish companies plan to channel an additional €5 billion ($5.76 billion) into the Turkish economy over the next three years, according to a new report by the French Foreign Trade Advisors Türkiye Committee (CCEF), which also noted that investment volume reached €3.6 billion between 2020 and 2024.
Released by the French Foreign Trade Advisors (CCEF) and supported by the French-Turkish Chamber of Commerce, the report titled "A Sustained Impact: The Economic & Social Contributions of French and Franco-Turkish Companies in Türkiye – 2020–2024 Update" evaluates the long-term economic, social, and environmental contributions of French and Franco-Turkish companies operating in Türkiye.
French and Franco-Turkish companies directly employ over 143,000 people in Türkiye, while the number rises to approximately 385,000 when indirect employment is included.
These companies operate 197 production facilities across the country, emphasizing Türkiye’s role not only as a key market but also as a competitive manufacturing base for global operations.
Their combined turnover reached €36.6 billion ($42.17 billion) over the same four-year period, with exports accounting for 22% of the total, which underlines the strategic role of French capital in strengthening Türkiye’s links to international trade networks.
Between 2022 and 2024, the companies invested €700 million in research and development (R&D), with 52% of respondents collaborating with local universities and research centers.
Additionally, 47% of participating firms reported registering patents, trademarks, or industrial property rights in Türkiye, signaling a firm commitment to local technological development.
On the environmental and social fronts, 71% assess their annual carbon footprint, while 64% have taken steps to increase female representation in management positions.
French Ambassador to Türkiye Isabelle Dumont said the report confirms French companies’ sustained interest and long-term strategic focus on Türkiye.
Franck Mereyde, President of both the French-Turkish Chamber of Commerce and the CCEF Türkiye Committee, echoed this outlook, stressing that French companies’ contributions now account for 1.6% of Türkiye’s gross domestic product (GDP) and support nearly 400,000 jobs. He characterized this presence as a core component of the national economy across multiple sectors.
Gokhan Yucel, Head of Communications at the Turkish Presidency’s Investment Office, pointed to the broader geopolitical and technological context.
He remarked that these investments are taking place "in an era marked by uncertainty, geopolitical fractures, and technological transformation," noting that Türkiye continues to be perceived as a strategic destination by global investors such as France.
France ranks among the top sources of foreign direct investment (FDI) in Türkiye, accounting for 4.4% of total FDI inflows between 2003 and 2024, according to the Turkish Presidency’s Investment Office.
FDI inflows into Türkiye reached $15.27 billion on a 12-month rolling basis as of September, based on balance of payments data.
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