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Growing Sustainable Business Turkey

27 June 2007 Brussels

United Nations Development Programme

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Growing Sustainable Business Turkey

Turkey / Facts

• Population: 72 million people• Civilian labor force: 24.6 million people

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Growing Sustainable Business Turkey

Country Priority Sectors

1. Construction (infrastructure & housing)

2. Tourism

3. Telecommunication

4. Banking

5. Energy

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WHY TO INVEST IN TURKEY ?

• Located at the junction of East and West, where Europe and Asia meet. Proximity to new emerging markets in the Middle East, Caucasus and Central Asia.

• Crossroad at the core a new economic region: Eurasia – with a market of 1 billion people, next to global energy reserves.

• Leading investor in Caucasian and Central Asian markets.• Experience with more than existing 9500 foreign capital

establishments.• Highest growth rate in OECD = higher economic growth rate with an

increasing consumer purchasing power.• Skilled, qualified labor force with competitive labor costs.• High quality in both manufacturing and service sectors.• Solid telecommunications network with latest technology• Committed to be a member of EU in 2010.

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Growing Sustainable BusinessTurkey

Foreign investments • 16 billion USD foreign investments (cumulative since 1980)

• Number of leading foreign companies operating in Turkey: 1630 from Germany, 749 from Netherlands, 659 from UK, 581 from USA, 411 from France.

• Investment incentives (depending on the location of the cities in Turkey):

- exemption from customs duties,

- investment allowance

- VAT exemption for imported and locally purchased machinery and equipment

- credit allocation

- energy support

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Growing Sustainable Business forPoverty Reduction in

Turkey

Thank you 

Ms. Gozde AVCI Broker

Growing Sustainable Business Mob,: + 90 542 426 70 99

gozde.avci@undp.orgwww.undp.org/business/gsb

www.undp.org.tr