Turkey supports over 2,300 projects in first half
Turkey’s Industry and Technology Ministry gave incentive certificates to over 2,300 projects in the first half of 2019, investing some TRY 58.4 billion ($10.4 billion). Over 94,300 people are expected to be employed in these projects when completed, according to ministry data. From January-June, the manufacturing sector took the lion’s share with nearly 1,500 supported projects while other projects were chosen from the energy, services, mining, and agriculture sectors. Over 2,100 of all the projects - representing an investment of TRY 51.44 billion ($9.15 billion) - were developed by domestic firms. Of the total investments, 1,368 projects were new, 691 were expansion investments and 245 were other types of investments.