SleepTech July - August 2018
SleepTech July - August 2018
SleepTech July - August 2018
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60<br />
Turkey’s new industrial<br />
zones to attract<br />
investments<br />
Turkey’s new industrial zones,<br />
which will be built with a TL 140<br />
billion (nearly $30 billion) investment,<br />
will attract significant<br />
international investments. Industrial<br />
zones will produce 100,000<br />
jobs, attract domestic and international<br />
investments, and provide<br />
high-tech production, according<br />
to information compiled from the<br />
Science, Technology and Industry<br />
Ministry.<br />
All expenditures of the zones,<br />
including a bridge, railway connection,<br />
electricity, water lines<br />
and telecommunications will be<br />
covered by the ministry.<br />
Turkish Finance Ministry and Treasury<br />
will also support the zones.<br />
China, South Korea and Singapore’s<br />
industrial areas will be<br />
role models for Turkey’s mega<br />
industrial zones. The zones will be<br />
operated by common law corporations<br />
and these corporation’s<br />
structure will be open to domestic<br />
and international enterprises’<br />
investments.<br />
In the first stage, four mega industrial<br />
zones will be built with TL 45<br />
billion investment in the coastal<br />
Black Sea towns of Trabzon,<br />
Zonguldak and Sakarya, and in<br />
southern Adana. These areas will<br />
employ around 35,000 people.<br />
In the first stage, investments will<br />
be made in energy, machinery,<br />
road-motor vehicles, the defense<br />
industry, railway systems,<br />
space, aviation, biotechnology,<br />
nanotechnology and information<br />
technology fields.<br />
After the first stage, 10 more<br />
mega industrial zones will be<br />
built totaling TL 140 billion in<br />
investments around the country. It<br />
is expected that these zones will<br />
employ around 100,000 people in<br />
total. The mega industrial zones<br />
were first announced by President<br />
Recep Tayyip Erdoğan.<br />
“We’re building mega industrial<br />
zones in five regions across<br />
the country. They will upgrade<br />
Turkey’s industry and technology<br />
sector and produce 100,000 jobs,”<br />
the president said on his official<br />
social media account.<br />
He highlighted that the planned<br />
zones will enable Turkey to make<br />
a great leap in industrial production.<br />
The president added that<br />
the legal work for the industrial<br />
zones has already been completed.
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