Local Turkey

Turkey issued over 3,000 incentive certificates in Q1

Projects worth around $6B expected to create over 83,000 new jobs, according to Industry and Technology Ministry

Turkey gave incentive certificates to 3,124 projects in the first quarter of 2021 for investments worth over 50.2 billion Turkish liras ($6.1 billion),according to Industry and Technology Ministry data compiled by Anadolu Agency.

When completed, over 83,000 people are expected to be employed in these projects in the energy, services, manufacturing, mining, and agricultural sectors, according to the official figures.

A total of 3,011 of the incentive certificate issued this January to March were for domestic capital and 113 for foreign capital. With the certificates given for domestic capital, 46.1 billion Turkish liras ($5.6 billion) of fixed investment was planned, thus aiming for the employment of 78,000 people.

During this period, a fixed investment of 4.1 billion Turkish liras ($500 million) and the employment of 5,155 people were predicted for the foreign capital.

Source
AA

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