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Turkey provides many opportunities, incentives for innovation

Turkey provides many opportunities, incentives for innovation

Turkey provides many opportunities and incentives for innovation and technology-focused investments in the specialized free zones, Trade Minister Ruhsar Pekcan said Sunday, calling on investors to invest in those areas.

“We plan to expand the specialized free zones model, which we first implemented for the software and information sector, for other high-tech and high value-added sectors in the future. I invite you to invest in our specialized free zones,” Pekcan said.

The minister told Anadolu Agency (AA) that Turkey’s dynamic nature makes it quite an attractive country for investments, among other things.

Among the major points that enable Turkey to come forward, as Pekcan said, there are the advantaged position in logistics, qualified and young population, the advantages of competitiveness in production and European Union standard-quality infrastructure along with its customs union agreement with the EU.

Although many developing countries have the potential to attract investment, the minister said, Turkey can be distinguished in a very positive course with these characteristics.

Pekcan, who said that they aim to make Turkey one of the strategic suppliers worldwide by attracting more foreign direct investment (FDI), stressed that they maintain work to enhance the investment environment in the country under the coordination of the Coordination Council for the Improvement of the Investment Environment (YOIKK).

The specialized free zones, meanwhile, are among the initiatives that contribute greatly to the country’s investment environment, she said, and that the ministry has commissioned the New Generation Specialized Free Zone Project to further strengthen those initiatives.