In line with the goals of improving the business and investment environment in Turkiye, it is aimed to accelerate digitalization and thus increase Turkiye’s share in International Direct Investment from 1% to 1.5% in 2028.
According to the information compiled from the 12th Development Plan (2024-2028), it is aimed to provide a more competitive structure to the economy by carrying out transactions in the business and investment environment with the least number of documents, the shortest time and the lowest cost. It is also aimed to become a supply and production center for domestic and international markets by further strengthening bureaucratic and legal predictability and increasing investment, production, employment and exports by benefiting more from qualified international direct investments.
Accordingly, the process will be accelerated and facilitated in businesses and transactions subject to permission by creating a Financial Markets Common Registry Database.
The amount of treasury land allocated for investments will be increased, and land allocation processes will be improved by increasing coordination between institutions. Treasury lands that can be allocated for investments will be determined on a regional and sectoral basis, taking into account environmental and social impacts and logistical requirements within the framework of Turkiye’s long-term investment needs.
An effective coordination mechanism will be established in investment site allocation processes and new allocation models will be developed to ensure faster processes, especially in strategic and large-scale investments. It will be ensured that investment location allocation is carried out in conjunction with upper-scale plans and regional development.
Digital environments will be created that will allow investors to more easily access alternative investment location information.
A visa model will be created for first-stage entrepreneurs
Studies will be carried out to ensure that the development of high-tech products and innovative products and services comply with the country’s conditions, and to make evidence-based regulations by monitoring the implementation of innovative solutions in market and real life conditions.
By examining the effects of digital regulations implemented or planned to be implemented in the EU on the business and investment environment and exports, a road map will be prepared to determine the steps to be taken in Turkiye in this field.
Regulations will be made to make it attractive for researchers and entrepreneurs living in foreign countries to operate in Turkiye. Incentive factors will be determined for scientists and experienced people who return to the country and the working environment and conditions will be improved.
By creating a visa model for first-stage entrepreneurs, support and regulations will be made to make it attractive for entrepreneurs from abroad to come to Turkiye.
Priority and convenience will be provided in granting residence and work permits to citizens of other countries and their families who will come to the country in connection with carrying out R&D or P&D activities, making, managing or operating investments.
Supply chain strategy will be prepared
National standards will be determined based on the principles of interoperability, security, protection of personal data, inclusiveness, sustainability and international cooperation, taking into account international standards in the digital transformation of the business and investment environment.
Physical and virtual environments will be created where experience and knowledge can be shared between entrepreneurs, SMEs, large-scale companies and ecosystem institutions.
In the green and digital transformation process, Turkiye’s potential to become a center in areas such as production, specialized services, financial services and logistics, where it can become more competitive, will be activated.
By taking advantage of Turkiye’s strong geopolitical position, a supply chain will be created that can respond quickly to changes in demand, meet domestic and international demands in a timely manner, and has a flexible and resilient structure in the face of possible problems. The country will be enabled to play a more active role in the global supply chain in accordance with its geographical location, and a supply chain strategy will be prepared.
National and local disaster resilience strategies will be created
Within the framework of Turkiye’s position in global value chains and development potential, strategies to shorten supply chains with domestic production will be determined and industrial clusters will be strengthened.
In order to ensure that decision-making processes proceed correctly and to reduce information asymmetry, it is planned to share non-confidential data obtained by public institutions on a common digital platform, in accordance with standards and regularly.
National and local disaster resilience strategies, covering industry, technology and R&D activities, tourism and agricultural production, and mechanisms will be created to facilitate companies’ financial management and access to finance in periods when financial risks increase.
As a result of all these, it is aimed to increase Turkiye’s share in international direct investment from 1% to 1.5% in 2028, and the ratio of planned industrial areas to the country’s surface area from 0.18% to 0.5%.
Source: Trthaber / Prepared by Irem Yildiz