Over 3,000 incentive certificates issued in Q1

Turkey gave incentive certificates to 3,124 projects in the first quarter of 2021 for investments worth over TRY 50.2bn (USD 6.1bn), according to Industry and Technology Ministry data.

When completed, over 83,000 people are expected to be employed in these projects in the energy, services, manufacturing, mining, and agricultural sectors, according to the official figures.

A total of 3,011 of the incentive certificate issued this January to March were for domestic capital and 113 for foreign capital. With the certificates given for domestic capital, TRY 46.1bn (USD 5.6bn) of fixed investment was planned, thus aiming for the employment of 78,000 people.

During this period, a fixed investment of TRY 4.1bn (USD 500m) and the employment of 5,155 people were predicted for the foreign capital.

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