Turkey is planning to continue investing in infrastructure projects at full throttle with the recently launched investment program of this year.
Signed into law by President Recep Tayyip Erdoğan, Turkey’s 2021 Investment Program was published in the Official Gazette on January 15. Under the new public investment program, Turkey will provide 3,091 projects worth USD 18.5 billion in total in 2021.
Communication and transportation projects are set to receive the largest allocation of funding in 2021; with roughly around USD 6 billion. Education projects are set to be the second largest recipient of state funding with USD 2.6 billion set aside for them. The program will also provide funding to industries such as manufacturing, health, agriculture, tourism and energy.