Sabah - Foreign investors, with an ever-growing interest in Türkiye, have now set eyes on shipyards. Shipyard lands are leased from the state for a period of 49 years, and in the event of an extension of the time limit, millions of dollars worth investment will flow to Türkiye, according to industry players.
Suheyl Demirtas, Secretary General of the Turkish Shipbuilders’ Association (GISBIR), says, “During 2002-2008, the sector expanded threefold on a global basis, while it grew tenfold in Türkiye. The stability in the recent years is a source of attraction for foreign investors. Investors from every part of the world are seeking opportunities in Türkiye”. Demirtas says shipyards are leased by the National Real Estate for 49 years, and only 20 years have left until expiry.
According to Demirtas, the injection of foreign capital into Türkiye will also provide shipbuilders with opportunities for offshore constructions, while daily rentals of a platform have reached USD 1 million. He added, “There are globally renowned companies with offshore operations. The path to cooperating with these involves attracting foreign investors to Türkiye. Paving the way for this will also remove barriers to offshore operations. Türkiye leases platforms from various countries for its oil and gas explorations.