The Turkish government is supporting the companies to develop new projects in their industries and we have gathered some of them here. In this article, you will read about the latest projects of Turkey in 2020 in the following sectors: energy, environment, transport, industry, automotive, and innovation.
Energy, Environment, and Transport
Solar panels: The Minister of Energy and Natural Resources announced that the potential for rooftop solar panels is 4,000-5,000 MW. To date, the Ministry has registered 900 applications from industrialists for a total capacity of 800 MW and about 1,300 applications from individuals for a total capacity of 10 MW.
Construction of a boron fuel production plant: The Minister of Energy and Natural Resources announced that a boron fuel production plant, in which Turkey holds more than 70% of the world’s reserves, would be built within two years.
“Kanal Istanbul”: During the Congress on Intelligent Cities in Ankara, the Turkish President indicated that Dutch, Belgian, and French companies were interested in the “Kanal Istanbul” project. As a reminder, the agenda of this project is accelerating, and calls for tenders will soon be launched. The final version of the environmental impact study has been adopted by the Ministry of Environment and Urban Planning. Requests for modifications had been made to the Ministry of the Environment as well as to the CIMER (Communication Centre of the Presidency of the Republic).
Industry, Automotive, and Innovation
Industrial production up in November: According to TürkStat, the industrial production index recorded a 5.1% rise in November compared to the same month in 2018 and a 0.7% increase from the previous month.
Automotive: The production of the automotive sector amounted to 1.46 million vehicles produced in 2019 (a decrease of 6%). The production of passenger vehicles decreased by 4% and that of commercial vehicles by 9%. Over the same period, sales on the domestic market fell by 23% to 419,909 vehicles. However, this figure is above market forecasts (350,000), thanks to a recovery in the last quarter of 2019.
Startup/Technology: The Turkish startup Getir, which offers a fast delivery service for groceries via an application (4 million users and nearly 55 M USD of turnover in 2018), has raised 38 M USD of funds from a group of Turkish and foreign investors led by venture capitalist Michael Moritz, a partner of Sequoia Capital. Getir, created in 2015 and based in Istanbul, Ankara, Izmir, Izmit, and Bursa, intends to develop its activities abroad, initially in London, Sao Paola, Paris, and Mexico City.
If you would like to read more news about the latest projects of Turkey you can visit our blog page.