ispat presentation

REPUBLIC OF TURKEY PRIME MINISTRY

Investment Support and Promotion Agency of Turkey

ISPAT

“Investment Climate in Turkey”

Beautiful

landscape…

Combination of

contemporary and

traditional…

Home of many

successful

people…

What about the

investment

opportunities…

AGENDA

• TURKEY WITH SOME KEY FIGURES

• FDI IN TURKEY

• TOP REASONS TO INVEST IN TURKEY

• THE AGENCY

• WHY TURKEY?

Turkey with some

key figures…

17th largest economy in the world and 6th when

compared to the EU Countries in 2012 (IMF)

The largest youth population when compared to the EU countries

54 million credit card

users (2012)

68 million GSM users

(2012)

20 million broadband internet subscribers (2012)

Turkey is the 8th largest steel producer in the world and 2nd compared with

the EU countries (worldsteel 2012)

Turkey is the 16th largest automotive producer in the world (OICA 2012)

- Turkish Airlines is one of the fastest growing airlines in Europe

-The best airline in Europe (Skytrax 2011, 2012, 2013)

- 131 million airline passengers in Turkey (2012)

- Istanbul Ataturk Airport is the best airport in Southern Europe (Skytrax 2013)

Turkey is the 6th most visited holiday destination in the world (2012)

International Tourist Arrivals

Country 2012

(million)

1. France 83.0

2. USA 67.0

3. China 57.7

4. Spain 57.7

5. Italy 46.4

6. Turkey 35.7

7. Germany 30.4

8. UK 29.3

9. Russia 25.7

10. Malaysia 25.0

Source: UNWTO

Out of world’s top 100 best hotels 22 are from Turkey (TUI Holly, 2012)

It’s not only a place

to work, but also a

fascinating place to live.

FDI in Turkey

Source: Central Bank of Republic of Turkey & Ministry of Economy

Soaring FDI Inflows

5,6 6,7

8,8

11,7

15

18,7 21

23,7 25,5

29,4

33,8

0

5

10

15

20

25

30

35

40

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

‘000 Number of Companies with Foreign Capital

15

123

0

25

50

75

100

125

1923-2002 (80 years) 2003-2012 (10 years)

FDI Inflows ($ billion)

FDI in Turkey

Increasing Confidence in the Turkish Economy

Source: A.T. Kearney

Foreign Direct Investment Confidence Index 2012

Transnational Corporations’ top prospective host economies for 2013-2015

Source: UNCTAD. Based on 159 company responses

(Percentage of respondents selecting economy as a top destination for investment)

FDI in Turkey

Top reasons

to invest in Turkey

Top reasons to invest in Turkey

Source: OECD, Eurostat and National Sources

Dynamic, Stable & Attractive Economy GDP & Income Key numbers

Population International Hub Structural Reforms

Benchmarking Performance of the Turkish Economy

5,0 4,7

4,5 4,3

3,6 3,5 3,5 3,3

2,9 2,5

1,6

1,1 1,0 0,8

0

1

2

3

4

5

6

Average Annual Real GDP Growth (%) 2002-2012

786 772

490 478

384

304 268

196 169

126 92

51

0

100

200

300

400

500

600

700

800

2012 GDP (Current Prices, $Billion)

Source: TurkStat

Main Drivers of the Economic Growth


Dynamic, Stable & Attractive Economy

GDP & Income Key numbers


66%

33% 33%

10% 4%

-6%

-39% -40%

-20%

0%

20%

40%

60%

80%

DomesticConsumption

Exports PrivateInvestment

PublicConsumption

PublicInvestment

Stocks Imports

Percentage Contribution to Real GDP Growth 2002-2012

An economy driven by entrepreneurial spirit of private sector, robust domestic market and lucrative export opportunities

Source: Indicators are based on the compilations of OECD, Rosstat, and Turkstat data

Quarterly Real GDP Growth (Index: Q1-2009=100) Seasonally adjusted

Fastest growing economy in Europe and one of the fastest growing economies in the world

The fastest recovering economy since the onset of global financial crisis in 2009

95

100

105

110

115

120

125

130

135

Q1

-20

09

Q2

-20

09

Q3

-20

09

Q4

-20

09

Q1

-20

10

Q2

-20

10

Q3

-20

10

Q4

-20

10

Q1

-20

11

Q2

-20

11

Q3

-20

11

Q4

-20

11

Q1

-20

12

Q2

-20

12

Q3

-20

12

Q4

-20

12

Q1

-20

13

Q2

-20

13

Turkey

Russia

Brazil

Poland

Czech Rep.

Hungary





Source: OECD Economic Outlook No.93, May 2013

Let your business blossom in a thriving economy and promising future

8,4

6,9

6,0

5,1

5,0

4,6

4,1

3,8

3,7

3,5

3,3

3,3

3,2

3,2

3,0

2,9

2,7

2,7

2,6

2,4

2,1

2,1

2,0

2,0

1,9

1,7

1,7

1,5

1,5

1,5

1,4

1,4

1,3

1,2

1,1

1,0

1,0

0,8

0,8

0,8

0,2

0,1

-0,5

-1

0

1

2

3

4

5

6

7

8

9

Ch

ina

Ind

ia

Ind

on

esi

a

Turk

ey

Ch

ile

Sou

th A

fric

a

Ko

rea

Arg

enti

na

Bra

zil

Isra

el

Au

stra

lia

Ru

ssia

Slo

vaki

a

Mex

ico

Esto

nia

Po

lan

d

No

rway

Swe

de

n

Luxe

mb

ou

rg

Ne

w Z

eal

and

Cze

ch R

ep

.

Swit

zerl

and

US

Can

ada

OEC

D

Au

stri

a

UK

Fran

ce

Fin

lan

d

Be

lgiu

m

Ne

the

rlan

ds

Irel

and

Hu

nga

ry

Ge

rman

y

Slo

ven

ia

Euro

are

a

De

nm

ark

Jap

an

Ice

lan

d

Spai

n

Po

rtu

gal

Ital

y

Gre

ece

The fastest growing economy among the OECD countries

Average Annual Real GDP Growth (%) Forecast 2012-2017





Source: TURKSTAT

Potential of the Turkish Economy

Dynamic, Stable & Attractive Economy Population Age Labor Force GDP

International Hub Structural Reforms


GDP Per Capita – Nominal (USD)

3.4

92

4.5

59

5.7

64

7.0

22

7.5

86

9.2

40

10

.43

8

8.5

59

10

.02

2

10

.46

6

10

.50

4

-

2.000

4.000

6.000

8.000

10.000

12.000

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012


Source: TURKSTAT, Hedef 2023

A Visionary Economy: Road to 2023

Dynamic, Stable & Attractive Economy Population

Age Labor Force GDP


230

786

2.000

-

500

1.000

1.500

2.000

2002 2012 2023 (Target)

GDP ($ Billion, Current Prices)

2,5 times

3.492

10.504

25.000

-

5.000

10.000

15.000

20.000

25.000

2002 2012 2023 (Target)

GDP per capita ($)

3 times

2,5 times

3,5 times


Source: TURKSTAT

Enriching population eradicating poverty

Dynamic, Stable & Attractive Economy Population Age Labor Force GDP & Income


30,3

23,8

20,9

16,4

13,3

8,4 6,8

4,4 3,7 2,8

0,0

5,0

10,0

15,0

20,0

25,0

30,0

35,0

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Percentage (%) of Poor People Living Less Than $4,3 Per Day

Source: TURKSTAT


60,5

43,2

36,8 36,0 34,8 34,2

29,7 27,4

21,2

5,2

0

15

30

45

60

1 2 3 4 5 6 7 8 9 10

Percentage Increase in Decile (10%)

Income Groups

Lowest income group

top income group

Real Increase (%) in Household Income 2002-2011



Emergence of a new middle-class




2002 2012

Number of shopping malls 60 327

Stock of Consumer Loans* ($ Billion) 4,2 142

Private Consumption per capita ($) 2.390 7.674

Motor Vehicle Sales (thousands) 174 818

Number of Cars in traffic (million) 4,6 8,6

Airline Passengers (million) 33 131

Source: OSD, TCSCR, Ministry of Transport, TURKSTAT, CBRT, Ministry of Development *including credit cards

Rise of the middle-class in Turkey



Age Labor Force GDP & Income


Source: EIU

0

2000

4000

6000

8000

10000

12000

2004 2012

5389

2737

4757

12251

163

2257

> $5K< $10K

>$10K<$50K

> $50K

Annual Income:

Number of Households by their Annual Income Level (‘000)

Source: Central Bank of the Republic of Turkey, European Central Bank , FRED

Household Liability % of GDP



International Hub Structural Reforms 21

66

85

0

10

20

30

40

50

60

70

80

90

100

Turkey Euro Area USA

2012


Source: Treasury, Eurostat, IMF

EU Defined General Government

Gross Debt Stock (% of GDP)

Stability and High Performance in the Economy

Maastricht Criteria: 60 %



74,0

36,1

60,9

85,3

35

40

45

50

55

60

65

70

75

80

85

90

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

TURKEY

EU





Central Government Budget Balance

(% of GDP)

Maastricht Criteria: -3 %

-10,2

-2,0 -2,5

-4,0

-12

-9

-6

-3

02002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

TURKEY

EU

Source: Ministry of Finance, Eurostat

Source: TURKSTAT





Annual Inflation

* As of September 2013

30,7

7,9*

0,0

5,0

10,0

15,0

20,0

25,0

30,0

35,0

J 0

3 A J OJ

04 A J O

J 0

5 A J OJ

06 A J O

J 0

7 A J OJ

08 A J O

J 0

9 A J OJ

10 A J O

J 1

1 A J OJ1

2 A J OJ1

3 A J

Source: TURKSTAT





Exports

36

47

63

74

86

107

132

102

114

135

153

0

20

40

60

80

100

120

140

160

180

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Billion USD

Source: TURKSTAT, Products with 2-digit HS Codes, EU includes 27 countries (new members in 2004 were included in 2002 figures)

Product & Market Diversification of Exports


2002 2012

Number of export products with over $1 billion 9 30

Number of export markets with over $1 billion 8 34

Share of top 5 countries in total exports (%) 47 33

Share of MENA in total exports (%) 13 28

Share of North America in total exports (%) 10 4

Share of EU in total exports (%) 57 39



Less dependent on the crisis-ridden markets

Source: TURKSTAT

Increasing export of technology-intensive products




46,3 48,5 53,9 54,5 58,8 61 65,2 60,7 59,6 60,9

53,7 51,5 46,1 45,5 41,2 39 34,8 39,3 40,4 39,1

0

20

40

60

80

100

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Tecnology-intensive Labor-intensive

Compositipon of Exports (%)


Turkey has the 5th most liberal trade policies in the world (World Trade Indicators 2010)

Customs Union with the EU

Free Trade Agreements with 21 countries:

Source: Ministry of Economy, * In ratification process



1. Albania 12. Switzerland

2. Bosnia & Herzegovina 13. Syria

3. Egypt 14. Tunisia

4. Georgia 15. Montenegro

5. Iceland 16. Serbia

6. Israel 17. Chile

7. Lichtenstein 18. Jordan

8. Macedonia 19. Lebonan*

9. Morocco 20. Mauritius

10. Norway 21. South Korea

11. Palestine


Source: IMF World Economic Outlook and WTO; GDP, Imports and population figures as of 2012

1,5 billion people; $25 trillion GDP; $8 trillion trade

EUROPE

GDP: $19 trillion Import: $6,5 trillion Population: 670 million

RUSSIA

GDP – $2 trillion Import: $335 billion Population: 142 million

MENA

GDP: $3,8 trillion Import: $995 billion Population: 675million

CENTRAL ASIA & CAUCASUS

GDP: $390 billion Import: $97 billion Population: 82 million


International Hub Access to Multiple Markets

Energy Corridor Structural Reforms

Access to Multiple Markets

196 international destinations & 29 more planned

International Connectivity Top reasons to invest in Turkey

Source: Turkish Airlines


Source: Respective Companies

Business Capital for Regional HQs

Multinational Companies (MNCs)

MNCs Number of Countries Managed

from Turkey

Coca Cola 94

GE Healthcare 80

Microsoft 80

Intel 67

Unilever 36

Verifone 30

GlaxoSmithKline 30

BSH 30 Schneider Electric 27

Alstom 26 Ericsson 22

Cargill 20

Pfizer 20

Volvo 18

BASF 18

PepsiCo 14


International Hub Access to Multiple Markets

Energy Corridor Structural Reforms

http://www.google.com.tr/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&docid=7UA_Ec9VrBKwFM&tbnid=zJGew_ZoYu7H1M:&ved=0CAUQjRw&url=http://iwgcr.org/alstom-use-microsoft-online-services/&ei=ZOILUdDRNc7TsgaKm4DABA&bvm=bv.41867550,d.Yms&psig=AFQjCNGRm6OO2fFkigGIsgRr-_mCVzMotw&ust=1359819746459003

Turkey As An Energy Corridor And Terminal



International Hub Access to Multiple

Markets Energy corridor

Structural Reforms

Existing Natural Gas Pipelines

Existing Oil Pipelines

Natural Gas Pipelines under Construction

Natural Gas Pipelines Underway

Proposed Natural Gas Pipelines

Oil Pipelines under Construction

Source: UN and TURKSTAT, 2012

Potential of the Turkish Economy - Young Population -


Population Pyramid

Half of population in Turkey is under age 30

5 4 3 2 1 0 1 2 3 4 5

0-4

5-9

10-14

15-19

20-24

25-29

30-34

35-39

40-44

45-49

50-54

55-59

60-64

65-69

70-74

75-79

80-84

85-89

90+

Female Male

%

Age Group TURKEY

5 4 3 2 1 0 1 2 3 4 5

0-4

5-9

10-14

15-19

20-24

25-29

30-34

35-39

40-44

45-49

50-54

55-59

60-64

65-69

70-74

75-79

80-84

85-89

90+

Female Male

%

Age Group EUROPE




Source: UN *Number of people between ages of 15 and 64 **[Age 0-14 + Age 65+ ]/ Age 15-64


Age Labor Force GDP


Favorable Demographic Trend

80

85

90

95

100

105

110

115

120

125

2011 2014 2017 2020 2023 2026 2029 2032 2035 2038 2041 2044 2047 2050

Working Age Population*, 2011=100

Europe

Turkey

40

50

60

70

80

90

100

2011 2014 2017 2020 2023 2026 2029 2032 2035 2038 2041 2044 2047 2050

Total Dependency Ratio (%)**

Europe

Turkey

Source: IMD World Competitiveness Yearbook 2012, IMD WCY Executive Opinion Survey based on an index from 0 to 10


Skilled Labor Force 2012

6,2

6,1

5,6

5,3

4,4

4,0

0 1 2 3 4 5 6 7

Turkey

Poland

Hungary

Romania

China

Bulgaria

Availability of Skilled Labor Force

6,1

5,1

4,9

4,7

4,6

3,5

0 1 2 3 4 5 6 7

Turkey

Poland

Hungary

China

Romania

Bulgaria

Availability of Competent Senior Managers

7,6

6,3

6,1

6,0

5,7

5,4

0 2 4 6 8

Turkey

Poland

Hungary

Romania

China

Bulgaria

Availability of Qualified Engineers




Source: OSYM

Skilled Labor Force





Number of Graduating Students in the Selected Engineering Fields

Field 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Mechanical Eng. 3415 3232 3436 3411 3550 3875 4323 4678 4485 4558 5324

Electric-Electronics Eng. 2640 2704 3013 3361 3208 3346 3637 3510 3621 3987 4403

Computer Eng. 1281 1402 1727 1970 1910 2174 2446 2950 3028 2906 3184

Civil Eng. 2840 2811 2735 2717 2850 2972 3235 3498 3595 4231 4368

Source: TURKSTAT, Ministry of Development

Productive and Cost-effective Labor Force


Productivity and Unit Wages Index in Industry

(Per Worker; 2005=100) Dynamic, Stable & Attractive Economy Population Age Labor Force GDP & Income


115,9

108,7

80

85

90

95

100

105

110

115

120

125

130

200

5 Q

1

200

5 Q

2

200

5 Q

3

200

5 Q

4

200

6 Q

1

200

6 Q

2

200

6 Q

3

200

6 Q

4

200

7 Q

1

200

7 Q

2

200

7 Q

3

200

7 Q

4

200

8 Q

1

200

8 Q

2

200

8 Q

3

200

8 Q

4

200

9 Q

1

200

9 Q

2

200

9 Q

3

200

9 Q

4

201

0 Q

1

201

0 Q

2

201

0 Q

3

201

0 Q

4

201

1 Q

1

201

1 Q

2

2011

Q3

201

1 Q

4

201

2 Q

1

2012

Q2

2012

Q3

Productivity Index

Real Unit Wage Index

Source: OECD

Labor Productivity in Total Economy


95

110

125

140

155

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

Turkey

Poland

Czech Republic

Hungary

Mexico

Real GDP per hour worked (Index: 2001=100)




Source: *MERCER - Pan-European Employer Health Benefits Issues Survey 2008, **EUROSTAT 2012: The average number of hours corresponds to the number of hours the person normally works. This covers all hours including extra hours, either paid or unpaid, which the person normally works

4,6 5,5 5,7

6,6 6,7 7,8 8,3 8,3 8,3

9,7 10,8

11,9

22

0

5

10

15

20

25

Days

Annual average number of sick days per

employee in Europe*




Hours worked per week of full-time employment

Annual average**

Hours

52,4

43,8 43,5 42,8 42,6 42,3 42,1 41,9 41,9 41,7 41,6 41,6 41,1 41,1 40,8 40,6 40,3 39,8

30

35

40

45

50

55


Labor Cost Per Hour ($US)

2010




Source: EIU, February 2011; Average cost of labor per hour (pay and non-pay costs).

3,37

5

6,4

9,2

11,2

25,3

26,9

37,9

39

0 5 10 15 20 25 30 35 40

Turkey

Malaysia

Brazil

Hungary

Poland

Japan

US

Australia

Germany


Source: OECD *Harmonized Unemployment Rate, seasonally adjusted

Employment Generating Economy

-2.000

-1.500

-1.000

-500

-

500

1.000

1.500

2.000

2.500

3.000

3.500

Turk

ey

US

Germ

any

Kore

a

Chile

Canada

Austr

alia

Sw

eden

Sw

itzerland

Austr

ia

Belg

ium

Norw

ay

Fra

nce

Slo

vakia

Czech R

ep.

Slo

venia

Irela

nd

Denm

ark

Italy

Pola

nd

Port

ugal

Gre

ece

Japan

Spain

Increase in Employment (‘000) 2009-2012

Turkey generated c. 3,5 million new jobs since the

onset of the global financial crisis in 2009

7,0

8,0

9,0

10,0

11,0

12,0

13,0

14,0

Jan-2

009

Mar-

2009

May-2

009

Jul-

2009

Sep-2

009

Nov-2

009

Jan-2

010

Mar-

2010

May-2

010

Jul-

2010

Sep-2

010

Nov-2

010

Jan-2

011

Mar-

2011

May-2

011

Jul-

2011

Sep-2

011

Nov-2

011

Jan-2

012

Mar-

2012

May-2

012

Jul-

2012

Sep-2

012

Nov-2

012

Unemployment* (%)

Turkey

EU

OECD


Age Labor Force GDP

International Hub

Structural Reforms


Turkey: A Manufacturing Hub

Source: Deloitte TURKEY TURKEY TURKEY

T U R K E Y

Turkey will be the 16th manufacturing hub in the world and 2nd in Europe over the next 5 years.




Public Sector Reform

Financial Sector Reform

Social Security Reform

Tax Reform

Enhancing Private Sector’s Role in the Economy

Opening the Key Markets to Competition, and Regulation by Independent Agencies

Improving the Investment Environment

Accelerated Privatization

New R&D and Innovation Support Law

Key Elements of Structural Reform Agenda

Structural Reforms

NewFDI Law &

Other Legislation

Employment

of Expatriates

International

Arbitration

Protection

Against

Expropriation

Corporate

Income

Tax %20

National

Treatment

Freedom

to invest

Guarantee

of Transfers

Access

to Real Estate





New Turkish Commercial Code

effective as of July 2012

Transparency

Accountability

Institutionalization

Improvement in investment & business environment

Adoption of institutional management principles

Opportunity to perform legal procedures electronically



Source: World Bank Doing Business Reports


27

29

30

30

31

36

37

38

39

25 30 35 40

Romania

Russia

Bangladesh

Bulgaria

Poland

Morocco

Cameroon

Turkey

Guatemala

Turkey in 2003

6

13

15

18

18

20

23

27

28

32

33

05101520253035

Turkey

UK

Germany

Russia

Switzerland

Czech Republic

Japan

India

Spain

Poland

China

Turkey in 2012

Improving Doing Business:

Number of days to set up a company






Structural Reforms: Yielding Results & Increasing Competitiveness

Global Competitiveness Index

Year Number of Countries

Turkey’s Rank

Turkey’s Rank (Percentile)

2004 104 66 63,5

2005 117 66 56,4

2006 125 59 47,2

2007 131 54 41,2

2008 134 63 47,0

2009 133 61 45,9

2010 139 61 43,9

2011 142 59 41,5

2012 144 43 29,8

2013 148 44 29,7

Source: WEF


Source: Respective rating agencies

Turkey’s Sovereign Credit Ratings S&P Moody’s Fitch JCR

Scale Jan 2010 Feb

2010 Mar 2013 Scale

Dec 2009

Jan 2010

May 2013

Scale Dec 2009 Jan

2010 Nov

2012 Scale

Jan 2010

Feb 2010

May 2013

A A2

A

AAA+

AAA

AAA-

A- A3

A-

A+

A

A-

BBB+ Baa1 BBB+ BBB+

BBB Baa2 BBB BBB

BBB- Baa3 Turkey BBB- Turkey BBB- Turkey

BB+ Turkey Ba1 Turkey BB+ Turkey BB+

BB Turkey Ba2 BB BB Turkey

BB- Turkey Ba3 Turkey BB- Turkey BB- Turkey B+ B1 B+ B+

B B2 B B

B- B3 B- B-

CCC+ Caa1

CCC+

CCC

CCC Caa2 CCC CC

CCC- Caa3 CCC- C

SD Ca DDD D

D

Investment Grade by Fitch in Nov 2012


Investment Grade by Moody’s in May 2013

Investment Grade by JCR in May 2013

Source: Bloomberg


0

5.000

10.000

15.000

20.000

25.000

30.000

35.000

40.000

0

200

400

600

800

1.000

1.200

1.400

1.600

Nov-0

9

Dec-0

9

Jan-1

0

Feb-1

0

Mar-

10

Apr-

10

May-1

0

Jun-1

0

Jul-

10

Aug-1

0

Sep-1

0

Oct-

10

Nov-1

0

Dec-1

0

Jan-1

1

Feb-1

1

Mar-

11

Apr-

11

May-1

1

Jun-1

1

Jul-

11

Aug-1

1

Sep-1

1

Oct-

11

Nov-1

1

Dec-1

1

Jan-1

2

Feb-1

2

Mar-

12

Apr-

12

May-1

2

Jun-1

2

Jul-

12

Aug-1

2

Sep-1

2

Oct-

12

Portugal

Ireland

Spain

Turkey

Italy

Greece (right axis)

5-Year CDS Spreads (basis point)



INVESTMENT INCENTIVES IN TURKEY

1. General Incentive System

2. Incentives for Large Scale Investments

3. Regional Incentive System

4. Incentives for Strategic Investments

5. Employment Scheme

6. Research and Development Supports

7. State Incentives for Export


NEW INCENTIVE SYSTEM

1. General Incentives 2. Regional Incentives

3. Incentives for large-scale Investments

4. Incentives for Strategic Investments

VAT Exemption

Custom Duty Exemption

VAT Exemption


Tax Deduction

Employer’s share for

insurance premium

payment

Land provision

VAT Exemption


Tax Deduction


insurance premium

payment

Land provision

Interest Support (except

1st and 2nd regions)

VAT Exemption


Tax Deduction


insurance premium

payment

Land provision

Interest Support

VAT Refund

In the 6th Region; income withholding tax and employee’s share for insurance premium payment


Regional Incentive Map

The Agency

The Agency

Attached to the Prime Ministry and reports directly to the Prime Minister

Private sector approach

Multi-lingual, professional and dedicated project directors

ONE STOP SHOP

2 offices (Ankara – Istanbul)

Result oriented

The EU Negotiation Progress Report shows that the establishment of the Agency is a proof for improvement of the investment climate in Turkey

The Agency

The Agency

International representatives network worldwide and strategic partners in Turkey (Embassies, Consulates, Commercial Attaches, NGO’s etc)

The International Network

WORLD BANK’s GLOBAL INVESTMENT PROMOTION BENCHMARKING REPORT 2009

Among 181 National Investment Promotion Agencies,

INVESTMENT SUPPORT and PROMOTION AGENCY of TURKEY ranked as;

15th in the World in terms of General Performance Assessment

5th in the World and 2nd in Europe in terms of Inquiry Handling

The Agency

The Agency

for all potential investors!

n TUR KEY

Why Turkey?

Enjoy your potential in Turkey

According to the projection by Goldman Sachs, Turkey will be the 9th largest economy in the world and the 3rd largest economy in Europe by 2050.

1.China 2.U.S.A. 3.India 4.Brasil 5.Russia 6.Indonesia 7.Mexico 8.U.K. 9.Turkey 10.Japan

Source: Goldman Sachs, 2008

Why Turkey?

The Most Promising Sectors

Automotive ; Target to produce over 2 mio vehicles within 5 years Transportation; Highway capacity planned to be trippled up until 2023 with 12 different project

Real Estate; Third most attractive real estate investment destination in 2012 (AFIRE); Istanbul is the most attractive real estate investment market in 2012 (PwC, ULI); more than $27 billion FDI over past decade.

Finance; Resillent to the global financial crisis with strong regulatory and supervisory framework, the most attractive sector with $39 billion FDI in the past decade; more opportunties with Istanbul Finance Center

Energy; Strategic location for energy terminal and corridor; rapidly growing demand: over $100 billion investment is needed to meet the demand till 2023; privatization and diversification opportunities.

ICT; Fastest growing IT companies in the region are from Turkey, 27 of the 500 fastest growing tech companies in EMEA are Turkish. 2011 winner: Logic Bilişim (5-year revenue growth of 28,617%

with 412% CAGR).

Why Turkey?

THANK YOU FOR YOUR ATTENTION

ispat presentation

Business

turkey source

turkey dynamic

turkey ministry of economy

turkey tui holly

largest economy

turkish economy source

investment fdi

key figures fdi