Turkey's incentives certificate valued at USD2.6bln in march

2022-05-10 04:30:04

(MENAFN) Industry and Technology Minister Mustafa Varank has stated that Incentive certificates for investments valued at a sum of 40.7 billion Turkish liras (USD2.6 billion) were recorded in March.

Varank posted on twitter that “the private sector’s appetite for investment continues. Those investments will create jobs for 27,200 people.”

along with a data the Varank provided, Two-thirds of those investments for which incentives were supplied are going to be made in the manufacturing division, while the energy and services divisions will share a 4.8 percent and 32.3 percent, individually.

Some 1.4 of the investments is going to go to the agriculture business and further 1.1 percent to the mining sector.

On the word of Varank, 39 percent of those investments are growth, while 54 percent are new financings.

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