More and more global technology companies are planning to invest in Turkey, which recently secured nearly $50 million (TL 373 million) investment from Chinese smartphone giant Oppo, the Turkish Presidency’s Investment Office Chairperson Burak Dağlıoğlu said Monday.
“Several international technology firms have been in contact. They’re expected to disclose their investment plans soon,” he said.
Dağlıoğlu told Anadolu Agency (AA) that Turkey is an attractive destination in terms of international digitalization investment thanks to its young, educated workforce, sophisticated industrial infrastructure, strong digital infrastructure and accessibility to a wide market.
“We see that global companies in different sectors position our country as a regional research and development (R&D), design, production, logistics and management center,” he said.
Commenting on the recent announcements by Chinese smartphone manufacturer Oppo starting production at facilities in Turkey, Dağlıoğlu said over 10 million units of mobile phones are being sold in Turkey annually. The Investment Office thinks firms like Oppo will first meet the domestic demand and then start exporting.