On April 13, Investment Office attended the “Hannover Messe 2021 Digital Edition's Investment Opportunities in Turkey" session.
“Today, many technology-oriented global companies are leveraging Turkey's position as a manufacturing, export, and management hub in the region," said Furkan Karayaka, Investment Office Head of Overseas Activities Department, at the opening session of the event. “Our comparative advantages, inclusive of a geostrategic location, qualified labor pool with a competitive cost advantage and a liberal and business-friendly investment environment are key factors for companies, tilting the balance in our favour as their destination of choice," Karayaka added.
“Excluding Western European countries, Turkey is the only country in the region that produces everything from automotive to pharmaceuticals, from food and beverages to machinery, and from chemicals to aerospace and defense products. These industries are bolstered by solid financials, logistics, and business services." Karayaka added.
Investment Office Expert Fatih Çelik also made a presentation on Turkey's machinery industry that focused on current problems in the supply chain and companies' recent options for nearshoring, regionalization and diversification stemming from supply and demand shocks.