Turkey aims to be one of the top 10 economies of the world by 2023, under the leadership of President Recep Tayyip Erdogan, according to Arda Ermut, president of the Prime Ministry Investment Support and Promotion Agency of Turkey (ISPAT).
“Shaping its future through unique, ambitious, and ongoing projects, Turkey is currently the 17th largest economy in the world,” Ermut said.
Turkey has been growing at an average annual rate of 4.7 percent since 2002, he said, adding that it occupies a unique location that provides access to the European, Middle Eastern, North African, Central Asian, and Gulf markets that cover 1.6 billion people. “Add to this a young and dynamic population with an average age of 30 and a liberal investment climate it is clear to see why Turkey welcomes all investors and all opportunities.”
He said Turkey is growing from strength to strength. “As the president of the investment agency, I believe that concerted efforts are being made to promote our country to foreign investors,” said Ermut.
He said ISPAT was established under the Prime Ministry in 2006, unified all the foreign investment-related services under one umbrella.
Catering to the needs of foreign investors looking to do business in Turkey, ISPAT operates with a one-stop-shop formula. From first contact to after-care services, ISPAT is present at every stage of an investment project undertaken by an international company in Turkey, said a pres release from the agency.
Turkey is constantly undergoing reforms to make its investment environment more user friendly and accessible, and ISPAT continues to provide key guidance in these processes to ensure that bureaucratic steps are kept to a minimum. As per the reform program, ISPAT will also contribute to the strategy and policy making processes in the government so as to help tune the investment incentives to better fit our country’s needs in becoming one of the top 10 economies of the world by 2023.
“Turkey still meets many of the major competitiveness criterions that investors favor, such as ongoing economic growth, sound policy framework, sizeable domestic market and competetive labor costs,” Ermut added.
“Shaping its future through unique, ambitious, and ongoing projects, Turkey is currently the 17th largest economy in the world,” Ermut said.
Turkey has been growing at an average annual rate of 4.7 percent since 2002, he said, adding that it occupies a unique location that provides access to the European, Middle Eastern, North African, Central Asian, and Gulf markets that cover 1.6 billion people. “Add to this a young and dynamic population with an average age of 30 and a liberal investment climate it is clear to see why Turkey welcomes all investors and all opportunities.”
He said Turkey is growing from strength to strength. “As the president of the investment agency, I believe that concerted efforts are being made to promote our country to foreign investors,” said Ermut.
He said ISPAT was established under the Prime Ministry in 2006, unified all the foreign investment-related services under one umbrella.
Catering to the needs of foreign investors looking to do business in Turkey, ISPAT operates with a one-stop-shop formula. From first contact to after-care services, ISPAT is present at every stage of an investment project undertaken by an international company in Turkey, said a pres release from the agency.
Turkey is constantly undergoing reforms to make its investment environment more user friendly and accessible, and ISPAT continues to provide key guidance in these processes to ensure that bureaucratic steps are kept to a minimum. As per the reform program, ISPAT will also contribute to the strategy and policy making processes in the government so as to help tune the investment incentives to better fit our country’s needs in becoming one of the top 10 economies of the world by 2023.
“Turkey still meets many of the major competitiveness criterions that investors favor, such as ongoing economic growth, sound policy framework, sizeable domestic market and competetive labor costs,” Ermut added.
