China’s Xiaomi Monday jointly launched its production facility in Istanbul with supply giant Salcomp.
Established in the Avcılar district on the metropolis’ European side, the factory will have the capacity to produce 5 million smartphones annually.
The tech giant in February announced the plant would be launched with an investment of around $30 million (TL 245.03 million).
In a message sent for the opening ceremony, President Recep Tayyip Erdoğan said Turkey, a country where over 10 million smartphones are sold annually, was a connecting point of Europe, Russia and the Middle East.
“Turkey is moving with firm steps toward becoming a regional hub for smartphone producers,” Erdoğan said.
He stressed the country offers important opportunities for foreign investors due to its dynamic labor force and strategic location.
