Union of Chambers and Commodity Exchanges of Turkey

Hisarcıklıoğlu attended Project Based Incentive System Promotion Meeting


09.04.2018 / Ankara



TOBB President M. Rifat Hisarcıklıoğlu, President of the Republic of Turkey Recep Tayyip Erdoğan and Prime Minister Binali Yıldırım attended the Project Based Incentive System Promotion Meeting held at the Beştepe National Culture and Convention Center.​

Speaking at the ceremony, President Recep Tayyip Erdogan expressed his hope that incentives would prove beneficial for all.

Erdoğan, extending his gratitude to company owners and managers for their contributions to Turkey's growth and to its progress toward its goals, “Twenty-three projects and 19 company incentives doesn’t sound very impressive but when you take into consideration that the volume is 135 billion TRY, the scale of it become apparent. This has resulted in the creation of 34,111 direct and 134,000 indirect jobs. These investments have contributed 6.318 billion USD exports, while imports were reduced by 12.312 billion USD, so we'll see an improvement of 19 billion USD in our current account deficit, which reached 47 billion USD last year.”

Prime Minister Binali Yıldırım said that Turkey is one of the few countries in Europe and the world able to maintain its growth trend for as long as it has.

Until 2001, Turkey's was only able to draw in foreign direct investment of 15.1 billion USD, reported Yıldırım and said, “During the last 16 years, direct foreign investment has reached 191 billion USD. Surpassing in 16 years what was accomplished in 80 years before. I want this truth to be apparent to everyone.”

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