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Bilgisayar Monitöründe Ticaret Grafikleri

Invest In Turkey

The term “emerging markets” is exciting for businesses, as it insinuates higher growth rates and higher opportunity in comparison to developed countries.

 

Considered an emerging market for the past several decades, Turkey has poised itself to become an emerging power. Turkey has further increased its outreach and influence on a global scale.

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Over the past 20 years, Turkish economy made significant improvements to infrastructure and industry by adopting new technologies and innovative business models. Turkish market has never been as attractive as it is today.

 

Here are some reasons that you should take Turkey into high consideration for investment.

Favorable Demographics

  • A population of 84.7 million (2021, TurkStat)

  • Young, dynamic, well-educated and multi-cultural population 50 % of the population under the aged of 35

  • 0 – 15 ages 22,4 %

  • 15 – 64 ages 67,9 %

  • 65 + 9,7 %

Qualified and Competitive Labour Force

  • Over 28 million young, well-educated and motivated professionnels (2019, TurkStat) 

  • Increasing labour productivity

  • Approximately 750,00 students graduated annualy from 209 universities 895.000 graduated in 2020. (2020, CoHE)

  • Number of students in primary schools and in high schools: 18,1 million (2019, Ministry of National Education)

Successful Economy

  • Booming economy, its GDP 845 B USD (nominal) 3.0 T USD (PPP) / 2021, TurkStat

  • Stable economic growth with an average annual real GDP growth rate of 1.8 %

  • Promising economy with a bright future as it is expected to become one of the fastest growing economies among the OECD members

  • The 20th largest economy (nominal), 11th (PPP) in the World (2021, IMF)

Infrastructure

New and highly developed technological infrastructure in transportation, telecommunications and energy

  • Well-developed and low-cost sea transport facilities

  • Railway transport advantage to Central and Eastern Europe

  • Railway length: 12.740 km in 2018

  • Well-established transportation routes and direct delivery mechanism to most of the EU countries

  • Length of the roads (2019)

    • Highway: 2.225 km

    • Dual carriageway: 17.550 km

    • State roads: 31.021 km

    • Provincial roads: 34.153 km

    • Village roads: 385.969 km

  • Aviation: 58 airports except military airports. Of these airports, 36 offer both domestic and international flights, while 22 offer regional flights across Turkey.

  • Since 2018, Istanbul New Airport operates as the world’s largest international airport. 

Strategic Location

  • A natural bridge between both East-West and North-South axes, thus creating and efficient and cost-effective outlet to major markets

  • Easy Access to major markets: 1.6 billion customers and 24 trillion dollars in GDP in Europe, MENA and North Africa at 4 hours flight-distance

Energy Corridor And Terminal Of Europe

  • An important energy terminal and corridor in Europe ​connecting the East and West

  • Located at a close proximity of more than 70 % of the world’s proven primary energy reserves, while the largest energy consumer, which is Europe, is located right to the West of Turkey, thus making the country a linchpin in energy transit and an energy terminal in the region.

Natural Gas

  • Proven natural gas reserve: 6,17 billion cubic

  • meters (BCM), except a 405 BCM natural gas reserve that has been recently found in 2019. 

  • Number of plants: 331

Hydroelectric

Installed capacity: 31 GW

  • Number of plants: 685

Solar

  • Installed capacity: 8 GW

  • Number of plants: 8.265

Biomass

  • Installed capacity: 1.3 GW

  • Number of plants: 106

Nuclear

  • Three power plants are planned to be built, 4,8 GW of  power capacity. 

Oil

Reserve: 335 million barrels

Wind

  • Installed capacity: 10 GW

  • Number of plants: 269

Geothermal

  • Installed capacity: 1,6 GW

  • Number of plants: 60

Thermal

  • Installed capacity: 20 GW

  • Number of plants: 51

  • Number of plants: 106

Low Taxes and Lucrative Incentives

  • Corporate Income Tax reduced from 33 percent to 20 percent.

  • Tax benefits and incentives in Technology Development Zones, Industrial Zones and Free Zones, including total or partial exemption from Corporate Income Tax, a grant on employer’s social security share, as well as land allocation and R&D and Innovation Support Law.

  • Incentives for strategic investments, large-scale investments and regional investments.

Customs Union with the EU since 1996

  • Customs Union with the EU since 1996 and Free Trade Agreements (FTA) with 27 countries (Ministry of Economy)

  • More FTAs underway

  • Accession negotiations with the EU

Large Domestic&Connected Market

  • 82.4 million broadband internet subscribers in 2021 (TurkStat)

  • 83,5 million mobile phone subscribers in 2021 (TurkStat)

  • 209,9 million airline passengers in 2019, 118 million airline passengers 2021 (DHMI)

  • Number of credit cards: 260,80 M in 2021( BKM)

  • 51,7 M international tourist arrivals in 2019 , 29,4 M in 2021 (TurkStat)

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