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Turkish Ministry Announces $31 Billion Industrial Zones

Posted on 12 July 2012

The Turkish Minister for science, industry and technology, Nihat Ergun, recently announced the government’s plans to establish two major industrial zones in the provinces of Zonguldak and Konya. The cost of these industrial zones is estimated to be around $31 billion.

 

The decision to establish them has been based on requests by foreign and domestic investors, in line with the incentives package recently introduced, and will be offered by the government to specific industries. These industries include energy generation, as well as the production of cement, iron and steel.

 

One particular project is due to generate solar energy and it is hoped it will make Turkey into an energy hub. The project, which will cost $10.4 billion, will be established in Krapinar industrial zone in the province of Konya. As well as generating energy through the use of solar power, the project will also produce the necessary equipment for this energy production.

 

This will be the first time solar power equipment will be manufactured in Turkey, and the benefits are twofold. Firstly it will mean fewer imports of solar power equipment, and it will also create a dedicated industrial zone for this industry. Businesses in Krapinar will be able to make photovoltaic panels, inverters, solar control units, as well as battery regulators and batteries. The zone will cover 5,900 hectares of land in Konya.

 

The second industrial zone in Filyos in the province of Zonguldak, will concentrate on the production of cement, steel and iron. Strategic investments will include the construction of power plants and a shipyard. Both projects have been submitted to the government for approval, and it’s expected they will help contribute to the country’s economy. Current projections show both industrial zones could provide employment for up to 60,000 people once they are fully operational.

 

Turkish Ministry Announces $31 Billion Industrial Zones

The Turkish Minister for science, industry and technology, Nihat Ergun, recently announced the government’s plans to establish two major industrial zones in the provinces of Zonguldak and Konya. The cost of these industrial zones is estimated to be around $31 billion.

The decision to establish them has been based on requests by foreign and domestic investors, in line with the incentives package recently introduced, and will be offered by the government to specific industries. These industries include energy generation, as well as the production of cement, iron and steel.

One particular project is due to generate solar energy and it is hoped it will make Turkey into an energy hub. The project, which will cost $10.4 billion, will be established in Krapinar industrial zone in the province of Konya. As well as generating energy through the use of solar power, the project will also produce the necessary equipment for this energy production.

This will be the first time solar power equipment will be manufactured in Turkey, and the benefits are twofold. Firstly it will mean fewer imports of solar power equipment, and it will also create a dedicated industrial zone for this industry. Businesses in Krapinar will be able to make photovoltaic panels, inverters, solar control units, as well as battery regulators and batteries. The zone will cover 5,900 hectares of land in Konya.

The second industrial zone in Filyos in the province of Zonguldak, will concentrate on the production of cement, steel and iron. Strategic investments will include the construction of power plants and a shipyard. Both projects have been submitted to the government for approval, and it’s expected they will help contribute to the country’s economy. Current projections show both industrial zones could provide employment for up to 60,000 people once they are fully operational.

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