7/10/2019

Turkey Unveils the 11th Development Plan

The 11th Development Plan of Turkey has been accepted at the Grand National Assembly of Turkey. The plan revealed a new central investment system that will allow the Investment Office to better facilitate the investment processes thanks to a more streamlined process to obtain required permissions and approvals. This new structure will also assist in match-making local and international companies for possible cooperation. Accordingly:

· Priority will be given to strategic products and high-technology and export-oriented investments in the project-based incentive system in order to attract more international investments.

· The Investment Office will be authorized as a one-stop-shop office for investments.

· Sectoral investment roadmaps for permission, approval, and licensing related to the investment processes will be prepared.

· A Central Investment Information System will be established within the Investment Office, which accelerates the investment processes and in which the relevant institutions will enter information on permission and approval processes.

· Partnerships will be developed by matching local companies with international investors.

· Additional support will be provided for​ investments based on technology transfer.

turkey; development; plan; fuat oktay; investment office

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