Please submit your e-mail address to get the latest news

Ministry announces $31 billion industrial zones to create 60K jobs
  13.07.2012


Science, Industry and Technology Minister Nihat Ergün announced on Sunday government plans to establish two major industrial zones costing a total of $31 billion in the provinces of Konya and Zonguldak, according to reports in the Turkish media.



 


Noting that the ministry made this decision based on requests by domestic and foreign investors in line with an incentives package, which will be offered by the government to designated industries, Ergün said the businesses will be able to focus on the production of iron, steel and cement as well as the generation of energy in these zones. He added that the decision was made with the support of the Ministry of Customs and Trade.

Ergün focused in particular on a project to generate solar energy at a cost of $10.4 billion, which will make Turkey an energy hub. The project will be centered at the Karapınar Industrial Zone to be established in Konya, where electricity will be generated using solar power in addition to the production of the necessary technological equipment for solar power generation. According to the proposal, solar power equipment will be produced in Turkey for the first time, both creating an industrial zone and cutting imports of this equipment.

In Karapınar, known for its potential for generating solar power, businesses will also be able to produce equipment and devices such as photovoltaic (PV) panels, solar control units, inverters, battery regulators and batteries. The zone is planned to be established on 5,900 hectares of land in Konya.

According to information provided by the minister, the second industrial zone will be established in the municipality of Filyos in the northern province of Zonguldak, and the focus of investments there will be the production of iron, steel and cement in addition to strategic investments such as the construction of a shipyard and power plants. Investors will be able to take advantage of the port of Filyos and the zone is expected to be located on an area of 400 hectares.

Stating that both projects have been submitted to the Office of the Prime Minister for approval, he implied the ministry plans to request that the Cabinet broaden the extent of the incentives package to include investments in these two industrial zones. “It will be possible to obtain all the licenses, including the environmental impact report [ÇED], within three months. Furthermore, we plan to cover the expenses for nationalization and infrastructure,” he said.

The minister explained that investments in these industrial zones will be technology driven and focus on research and development, which in return will contribute majorly to the country’s economy. He stated, “According to our projections, when the industrial zones begin operating, they will provide employment to about 55,000-60,000 people.”
  
  

Source : todayszaman.com
Hit : 736


Strategic Market Intelligence: General Insurance in Turkey – Key Trends and Opportunities to 2022
Africa a priority market for Turkish health care tourism
Turkish economy grows 4 percent in 2015
Turkey s new central bank chief signals simpler policy
Turkish inflation drops to 3 year low
Turkey s Central Bank cuts overnight lending rate
The 3rd edition of the XPRIMM Turkey Insurance Profile launched at the 7th International Istanbul Insurance Conference
Insurance contract may be made electronically
Agencies will not use insurance on their name
Fitch has announced Turkish insurance industry report
Turkey s Halkbank pension and insurance sale, sources say
Turkey launches new health data system
Turkey: Achieving a transition to a new economy
New Milan expo displays best of Turkish culture
Turkey s insurance sector strengthens as investor confidence grows
Turkeys insurance sector posts 6.4 pct growth
Turkish Halk insurance units privatisation tender details unveiled
Turkey´s economic star continues to shine
Turkey more than doubles exports in last decade
Ministry of Health offers services in six languages
Foreign investment in Turkey worth $10b in 2014
Incentives to boost birth rate to cost Turkey $400 mln
Fitch upgrades Turkey s growth forecasts
Turkish tourism yield on rise

 
Medasist International - Copyright 2005