12 new industrial zones in Turkey will be completed in 2019
Turkish government did an incentive move to increase investments in Turkey,these incentives led to the completion of 12 industrial zones in different Turkish cities this year.
Investors and businessmen have accelerated their investments after the incentives, to produce intermediate goods and pay to reduce imports in Turkey.
The Turkish government’s efforts to establish specialized agriculture-based zones as a magnet will also be done, and 12 new industrial zones will be organized in orderly manner and is expected to be completed next year.
In particular, Hadmköy industrial park attracts interests from companies.
Also, the Organized Industrial Zone (Kraso) has become one of the most prominent areas with the recent transportation projects.
Turkey has 331 industrial zones in 81 states, provides 1.9 million jobs, and the government seeks to make them 2.5 million jobs in 2023.
The incentives of the Turkish government to the regulated industrial zones are exemption from property taxes, stamp duty exemption, reduction of the share of electricity bills as well as general incentives provided according to the operating areas.
Edit by: Realty Group