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New investment incentive system in Turkey aims to attract foreigners

The government plans to establish a new incentive system to attract foreign investment to Turkey, Development Minister Lütfi Elvan said Thursday. With the new system, a project-based support mechanism will be created.

Speaking to Anadolu Agency, the minister also added that after negotiation by the Economy Ministry with any firm wanting to invest in Turkey, an additional incentive opportunity, over and above the current incentive system, will be presented to the potential investors, provided that the investment makes an important contribution to Turkey