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Turkey, as with other emerging economies, is gathering pace in terms of her impact on global trade and investment. According to recent reports by PricewaterhouseCoopers, the E7 emerging economies (China, India, Brazil, Russia, Indonesia, Mexico and Turkey) could be 25-75% larger than the current G7 (US, Japan, Germany, UK, France, Italy and Canada) economies by 2050. It is also foreseen that the Turkish cities of İstanbul, Ankara and İzmir will be amongst the largest city economies in the world by 2020.
Consequently, the potential for modern retailing is evident in Turkey. However, thus far the sector remains unsaturated with the presence of only a minority of organised chains, providing significant scope for development.
Therefore, the aim of this report is to analyse the current situation and future projections of the modern retail sector in Turkey, to provide potential investors, retailers, regulators and other stakeholders with comprehensive factual data, which is lacking to date. The report covers the economic, social and cultural background of the organised retail sector and highlights key investment opportunities for local and global players. It also includes information on recent legislative changes to the local and foreign direct investment environment.
We are certain that you will find this thought leadership report both useful and insightful.
