Posted on 14 February 2011
Turkey to have its own Silicon Valley
Aksam – Turkey is on course to have its very own Silicon Valley. Work on creating a specialized zone for the studies and development of software, hardware and robotics is underway in the country. Planned to be the biggest such endeavor in Europe and the Middle East, the project is dubbed the IT Valley, in a clear reference to the Silicon Valley of California. The project location is yet to be determined, with Istanbul being the most likely candidate over Ankara and Eskisehir. Istanbul is currently home to many IT companies which favor the city as the project location. IT Valley is expected to be located near built-up areas and on major routes for easy transportation. The feasibility studies will begin on the projects probable location near Sabiha Gokcen Airport on the Asian side of Istanbul after the final decision. After analyzing similar zones in India, the USA and the EU and taking measures such as providing special incentives to foreign investors, Turkey will work its way to becoming a major player in the IT industry.
20 July 2009 Invest in Turkey