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Mining and Metal Sector

Mining and Metal Sector The total production value of the sector, which was USD 2.6 billion in 2003, reached USD 13.2 billion in 2014. Turkey’s young, dynamic, and educated workforce offers a highly-qualified workforce. Turkey’s advantages for the mining industry players relatively low logistics and drilling costs, proximity to key markets, attractive government incentives and highly competitive taxes. Under regional investment incentives system, the most advantageous incentives are offered in less developed regions. The mining sector is an exception to this system, and regardless of where it occurs, most of the investment in the mining sector is supported by incentives offered to Region 5. In this regard, Mining and metal industry in Turkey has a lot to offer for foreign Investors. Real Estate and Infrastructure Sector Projects such as Marmaray, Kanal Istanbul, the third Bosporus bridge and the third airport in Istanbul, especially the urban transformation works towards Istanbul and mega projects, are leading the future activities in the infra-structure sector of Turkey. It is estimated that about 6.7 million dwellings will be demolished and rebuilt throughout the country in the next 20 years. This means an average of 334,000 houses a year. Approximately USD15 billion of funding will be required each year for urban transformation projects. The total budget allocated for this initiative, in which the private sector takes the lead, is USD 400 Billion. Moreover, Turkish & foreign companies frequently cooperate in Middle East for Construction Projects. For foreign construction and/or infrastructure companies, Turkey is the best place to invest in the geographical region

Transportation and Logistics Sector Turkey is at the crossroads of global trade, linking East and West with Asia and Europe. Public and private sector infrastructure investments in the last decade have significantly improved the logistics services offered in Turkey. A large number of new airports have been built, with access to all parts of the country with motorways. In addition, the emerging high-speed train network has begun to link large cities and the capacity of Turkish ports has increased in last decade. The advantageous geographical location of Turkey, which provides easy access to Eastern Europe, Central Asia, the Middle East, and North Africa, allows the country to serve as a base for freight transport in the region. The Turkish logistics industry has a 12-13% share in the country’s GDP with its current volume. In this regard, transportation and logistics sector in Turkey has a lot to offer for Chinese Investors. Automotive Sector The foundation of Turkey’s automotive industry dates back to the early 1960s. During a period of rapid industrialization and progress, this key sector transformed itself from assembly-based partnerships to a full-fledged industry with design capability and massive production capacity. Between 2000 and 2016, original equipment manufacturers (OEM) invested more than USD 14 billion in their operations in Turkey. These investments significantly expanded their manufacturing capabilities, which in turn led Turkey to become an important part of the global value chain of international OEMs. Meeting and exceeding international quality and safety standards, today’s Turkish automotive industry is highly efficient and competitive thanks to value-added production.