Caterpillar exploring investment opportunities in Turkey

Sabah - Heavy machinery manufacturer Caterpillar has Turkey on its investment agenda, according to Turkey’s Minister of Science, Industry and Technology, Nihat Ergun.

Impressed by Turkey’s new investment incentive scheme, the company’s CEO will visit Turkey in the coming weeks for a meeting with the Ministry, said Ergun during his visit to the US for the 2012 Bio International Convention. Caterpillar executives were briefed about Turkey’s investment environment and incentives during Turkey’s President Abdullah Gul’s visit to the US last month.

“Caterpillar is seriously considering investing in Turkey. This investment can possibly reach USD 1 billion in size,” said Ergun. Turkey’s new investment incentives package offers special advantages for projects that are considered large-scale and strategic.

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