In most cases, businessmen pursuit new market to expand their business or build their own project, therefore investment in Turkey is draws there attention. In this article, we will talk about industrial investment in Turkey. The high level of organization of industrial districts that is designed to allow companies to operate within a suitable environment for investment in terms of infrastructure and facilities such as, electricity, water supply, waste treatment and many other services as follows:
- Exemption from value-added tax when purchasing land.
- Exemption from real estate tax for a period of 5 years starts after the founding of facility.
- Exemption from the tax of land gather or separate.
- Exemption from municipal taxes upon construction and use of the facility.
- Reducing costs of water supply, natural gas and communications.
- Exemption from municipal taxes for solid waste in case does not avail of the municipality service.
There are 284 organized industrial zones in Turkey spread across 80 provinces, and 215 other areas will be launched, while 69 areas are under construction, which makes investment in Turkey for 2019 better for foreign investors.
What are the most important areas of industrial investment in Turkey?
Chemical industries
Over the past decade, global sales of chemicals have almost doubled! Emerging economies such as Turkey played the largest role in achieving this increase, as they contributed nearly 80% of the new production capacity in the chemical sector.
As for chemical companies, Turkey were an attractive location for investment, thanks to its market growth, based on consumer markets, and the competitive cost of production.
In the field of chemicals, the plastics industry stands out as one of the most successful faces of industrial investment in Turkey, as it is characterized by the following:
- The sector contributes with approximately 3% of the world's plastic manufactures production.
- Turkey ranks second among the largest producers of plastic products in Europe.
- Turkey occupies the seventh place among the largest producers of plastic products in the world as a whole.
- Turkey occupies the fifth place among the largest producers of paints in Europe.
- Turkey is the second largest importer of petrochemicals in the world after China.
The combination of economic growth factors, a large domestic market, a well-developed infrastructure, a competitive skilled workforce, and supportive legislation for investors, confirms that manufacturers in the chemical sector in Turkey have an opportunity to secure profits in the long term.
Auto industry
The automotive industry in Turkey dates back to the early 1960s, and between 2000 and 2017, the value of investments in Turkish automotive production operations amounted 14 billion USD.
As the Turkish auto industry meets the international quality and safety standards, today, it is characterized by high efficiency and global competitiveness.
Various fields of industrial investment in Turkey
- Iron, steel and metal.
- Chemical.
- Manufacture of all types auto parts.
- Machinery.
- Manufacture of iron and plastic molds.
- Building materials.
- Furniture in all types.
- Electrical and electronic.
- Water purification materials manufacture.
- Textile and garment.
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