Turkey offers abundant opportunities in various sectors. With its growing economy in sectors such as automotive, machinery, defense, aviation, energy, agriculture, finance, and many more, Türkiye is a favorite destination for investors. In this article, we will examine Turkey from a sectoral perspective.
AUTOMOTIVE
Türkiye automotive The foundations of the automotive industry date back to the early 1960s. Having undergone a period of rapid industrialization and progress, this important sector has transformed from assembly-focused partnerships into a fully-fledged industry with design capabilities and extensive production capacity. Original equipment manufacturers (OEMs) have invested over US$15 billion in their operations in Türkiye since 2000. These investments have significantly increased the production capacity of these companies, enabling Türkiye to secure a significant place in the global value chain of international OEMs. Meeting and even exceeding international quality and safety standards, today's Turkish automotive industry is in a highly efficient and competitive position thanks to its value-added production approach.
MACHINE
Machine manufacturing continues to be one of the important sectors contributing to the growth of the Turkish economy. The sector is particularly notable for its capacity to produce intermediate goods and its involvement in industries such as chemicals, construction, automotive, energy, textiles, agriculture, and mining. important By providing inputs to various sectors, it plays a significant role in the development of Türkiye's manufacturing industry. The Turkish machinery manufacturing sector stands out due to its intensive R&D efforts (over 53,000 engineers graduate in the country every year) and its high added value.
DEFENSE & AVIATION
The Turkish defense and aerospace industry has undergone a comprehensive transformation in the last decade. With its unparalleled achievements in recent years, Turkey is currently one of the fastest-growing countries in the defense and aerospace sectors. The experience and commitment to quality of Turkish defense and aerospace companies, which are involved in numerous initiatives, offer globally competitive products, and play key roles in international projects, are clearly evident. With their skilled workforce and superior technological infrastructure, Turkish companies are able to provide global solutions that meet the local requirements of many countries. These Turkish companies operate in many critical areas of the defense and aerospace sector, from developing original designs and domestic production to modernization, modification, R&D, and international projects.
ENERGY
Türkiye's growing economy and increasing population have led to a steadily increasing need for energy and natural resources. Since 2002, it has recorded the fastest growth in the OECD, with an annual growth rate of %5.5. Since that time, Türkiye's primary energy supply has doubled in 17 years, rising from 78.4 Mtoe to 155 Mtoe. Türkiye's improving economic performance is reflected in its electricity generation infrastructure, which has seen a significant increase in total installed capacity from 31.8 GW to 88.5 GW, and electricity consumption from 132.6 TWh to 305.5 TWh by the end of 2018. To meet the country's growing needs, the existing capacity is expected to reach 110 GW by 2023, as stated in the 11th Development Plan for the 2019-2023 period, through increased private sector investments.
AGRICULTURE & FOOD
Home to the Tigris and Euphrates rivers, Türkiye's agricultural sector today reflects the richness of ancient Mesopotamia. With its favorable geographical conditions and climate, vast farmlands, and abundant water resources, Turkey is considered one of the world's leading countries in agriculture and food production.
INFRASTRUCTURE
Gelişen Türkiye ekonomisi ulaşım, sağlık ve enerji dâhil olmak üzere birçok farklı sektörde kârlı yatırım fırsatları sunmaktadır. Dünya Bankası’na göre Türkiye, 1990 ile 2015 yılları arasında toplam 165 milyar ABD doları sözleşme bedeliyle Kamu-Özel Sektör Ortaklığı (PPP) projelerinde dünya çapında 3. sırada yer almaktadır. Geniş altyapı varlıkları portföyünde uygulamaya aldığı 220’yi aşkın kamu-özel sektör iş birliği ile bu alanda başarılı bir geçmişe sahip olan Türkiye, son on yıl içinde bu projelerin yaklaşık %80’ini hayata geçirmeyi başarmıştır.
FINANCIAL SERVICES
Following the local economic crisis in Türkiye at the beginning of the 2000s, the financial sector proved its resilience during the global financial crisis that began in 2009 and continued thereafter, thanks to regulatory reforms and structural changes implemented. These reforms increased investor confidence, and the financial sector became the most preferred area for international direct investment, attracting US$52 billion since 2005.
