(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 14. An Investment Fund
for Innovative and Advanced Technologies has been established to
develop the Turkish defense industry, trend reports via turkicworld .
In connection with the establishment of the fund a ceremony was
held in the conference hall of the Turkish Defense Industry
Agency.
The event was attended by the President of the Turkish Defense
Industry Agency Ismail Demir, Director of the Defense Industry
Technology General Directorate Ahmet Cagri Ozer, CEO at Development
and Investment Bank of Türkiye Ibrahim Halil Oztop, General Manager
of Vakif Katilim Bank Osman Celik, and others.
The first investments of the fund, which includes the General
Directorate of Defense Industry Technology, the Development and
Investment Bank of Türkiye, Vakif Katilim and Ziraat Katilim, were
decided to be invested in the development of the Turkish Beam
Technology company.
Türkiye has been working steadily to develop its defense
industry and has achieved significant success in recent years.
The value of Türkiye's defense industry products exported in
2022 increased by 36.9 percent, totaling $4.4 billion, compared to
the preceding year.
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