NEWS Category

Turkey’s Energy and Natural Resources Minister announced that the tender for a 1,000 megawatt-photovoltaic solar power plant, which will be established in Konya’s Karapınar district, will be held in December. Poised to be the largest of its kind in the world, the solar power plant will usher in a new era in Turkey’s use of renewable energy resources. The US, China, and several European countries are expected to compete in the tender that will attract more than USD 1 billion worth of investment to Konya. The investment will create aRead More

The Investment Advisory Council (IAC) meeting, aimed at improving Turkey’s image as an investment hub, attracting more foreign investors, and providing an international perspective to ongoing investment related reforms, was held in Istanbul. The declaration expressed the confidence of foreign companies in Turkey’s economy in the wake of the defeated coup. Emphasizing that the Turkish government has been very helpful to investors via incentives and reforms, companies noted that Turkey has outperformed most of the emerging economies in terms of growth rates. Investors also cited the medium-term program, the 10thdevelopmentRead More

As global private infrastructure investment in 2015 mostly remained steady year-on-year at USD 111.6 billion, Turkey raised the bar with the financial closure of seven projects totaling a record USD 44.7 billion according to data released by the World Bank Group’s Private Participation in Infrastructure Database. The data show that Turkey attracted around 40 percent of all global investments thanks to two megadeals in the transportation sector: Istanbul’s USD 35.6 billion IGA Airport (including a USD 29.1 billion concession fee to the government), and the USD 6.4 billion Gebze-Izmir Motorway.Read More

Turkey has set specific targets to be achieved by the 2023 centennial of the Republic. These targets include becoming one of the top 10 economies in the world, increasing exports revenues and upgrading the country’s infrastructure investments through energy, transportation and healthcare projects in particular. The expansion of Turkey’s infrastructure is transforming Turkey and playing a key role in its economic dynamism. The government of Turkey in its 10th National Development Plan, has identified PPPs as a critical financing mechanism to address the vast need of infrastructure investments. An ambitious masterRead More

A law that seeks to improve the investment climate in Turkey by amending certain regulations was published in the Official Gazette on August 9, 2016, and thereby entered into force. Drafted with an aim to ease burdens that might hinder the ability to conduct business in Turkey, the law encompasses 79 articles, 47 of which are related to tax regulations. The most significant amendments include investment incentives, incentives for service exports, incentives for regional management centers, transfer pricing regulations, exemption for industrial property rights, incentives for energy savings projects, andRead More