Conexio consulting

Turkey to offer ‘whatever it takes’ for strategic investments, including 20 tax-free years

Turkey will do “whatever it takes,” including specialized incentives and a 20-year tax holiday, to make it possible for strategically crucial investments to be realized in a number of sectors, Economy Minister Nihat Zeybekci has said in an interview with Reuters.

“We will offer whatever it takes to create our global giants, to secure our material and energy future and to encourage several strategic investments in key areas,” he said.

“Turkey will build around 25,000-30,000 megawatts [MW] of wind power plants in the next decade. We can also offer the same plan on the condition that the whole process will be 100 percent indigenous,” he said.