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Türkiye's Izmir Steps Up Efforts to Attract Chinese Investors
(MENAFN) The Aegean city of Izmir is stepping up efforts to attract Chinese investment, presenting a sweeping, climate-focused development plan backed by billions in potential funding and investor-friendly incentives, Mayor Cemil Tugay announced.
As one of the 112 urban centers selected for the European Union (EU)’s Climate-Neutral and Smart Cities Mission, Izmir aims to achieve carbon neutrality by 2030. To support this transition, the city has assembled an investment portfolio of 34 strategic projects spanning 10 themes, collectively valued at €20.1 billion (approximately $23.3 billion).
"I believe this portfolio offers a long-term investment environment for Chinese firms that creates both environmental and social impact," said Tugay.
The mayor highlighted a robust incentive package designed to attract foreign capital. These include tax breaks, advanced infrastructure, support for research and development, and streamlined export procedures.
"Integrating Chinese companies' corporate social responsibility projects within this framework will not only improve the quality of life for residents but also send a strong message about our shared future," he emphasized.
Tugay identified several areas ripe for collaboration, including green schoolyard initiatives, sustainable food systems, social support for the elderly, and nature-based educational programs.
Beyond infrastructure and technology, Izmir is also looking to strengthen cultural and tourism ties. The city is targeting increased Chinese tourism by promoting shared Silk Road heritage and launching joint marketing efforts.
"As part of this effort, improving guidance services and infrastructure for Chinese tourists, along with joint promotional campaigns focused on gastronomic routes and thermal health tourism, are among our top priorities," Tugay said.
Wrapping up, Tugay extended a clear invitation to Chinese investors and travelers alike, portraying Izmir not just as a hub for trade, but as a partner in long-term cooperation and cultural exchange.
As one of the 112 urban centers selected for the European Union (EU)’s Climate-Neutral and Smart Cities Mission, Izmir aims to achieve carbon neutrality by 2030. To support this transition, the city has assembled an investment portfolio of 34 strategic projects spanning 10 themes, collectively valued at €20.1 billion (approximately $23.3 billion).
"I believe this portfolio offers a long-term investment environment for Chinese firms that creates both environmental and social impact," said Tugay.
The mayor highlighted a robust incentive package designed to attract foreign capital. These include tax breaks, advanced infrastructure, support for research and development, and streamlined export procedures.
"Integrating Chinese companies' corporate social responsibility projects within this framework will not only improve the quality of life for residents but also send a strong message about our shared future," he emphasized.
Tugay identified several areas ripe for collaboration, including green schoolyard initiatives, sustainable food systems, social support for the elderly, and nature-based educational programs.
Beyond infrastructure and technology, Izmir is also looking to strengthen cultural and tourism ties. The city is targeting increased Chinese tourism by promoting shared Silk Road heritage and launching joint marketing efforts.
"As part of this effort, improving guidance services and infrastructure for Chinese tourists, along with joint promotional campaigns focused on gastronomic routes and thermal health tourism, are among our top priorities," Tugay said.
Wrapping up, Tugay extended a clear invitation to Chinese investors and travelers alike, portraying Izmir not just as a hub for trade, but as a partner in long-term cooperation and cultural exchange.
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