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Turkish language minister invites American investment companies in Turkish tech start-UBS

by Ruslan Burak
July 3, 2023
in Technology
2 min read
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call the United States business people for investment in Turkish technology start-ups of Turkish industry and technology minister He said, “Turkey has the potential to be regional technology Center for American companies.”

Speaking at the Turkey Investment Conference, organized by the Turkish Foreign Economic Relations Board (DEİK) Turkey-US Business Council in New York, Mustafa Varank said that world he is in A difficult period due to the pandemic, wars, inflation, energy crises, unstable supply and value chains.

he is added It is necessary to insist on continuous public And commercial diplomacy for solve The problems of The global economy.

Stressing that Turkey has proven its ability to withstand, strength, agility and flexibility economy with that it performance in Pandemic, Varank noted that unlike many other manufacturers, Turkish manufacturers have successfully The local and . are satisfied international Obligations during the pandemic.

Stressing that many multinational companies prefer Turkey as a research, design, production, export and logistics center at the intersection of Europe, Asia and Africa minister He said: “Some global companies have already some moved of their operations to Turkey, while others increased their capabilities.

“the number of international companies do business in Turkey reached 76000, of 2,000 of them are from the United States.”

He said over 500 research And the development (R & D) and innovation centers of international Investors fall in Turkey.

Remembering that the United States was Turkish second largest export market And the fourth largest import partner last yearVarank said direct investment flows from the United States to Turkey increased by 45%. last year to 14 billion dollars (257 billion Turkish liras), making the United States second Biggest Investor in Turkey.

He said that the numbers increased, but significantly below Possible, adding that despite all the disagreements, Turkish President Recep Tayyip Erdogan and US President Joe Biden have always expressed support for to improve business environment.

“we think that new we policy to me build Flexible supply chains, stimulate American manufacturing and strengthen the broad base growth can create opportunities for Both Turkish and American companies.”

Turkey attracts a large number of investments from global actors with leading businesses business the culture, young And the tech- Ruther population, talented engineers and competitiveness environment and services minister He pointed out.

He said the number of “unicorns” in country that was zero in 2019, rose to six currentlytwo of Which was “Decacorn”.

refers to the unicorn startIts value exceeded the level of one billion dollars, while it was 10 billion dollars for decimal.

Turkey has the potential to be regional technology main center for The most prominent American companies.

Turkish said start-up The ecosystem received an investment of $1.6 billion last year And $1.4 billion in The first half of this is year.

Varank stated that in In the same period, Istanbul ranked fourth in terms of investment city After London, Paris and Berlin, and ranked first in Europe in game related investments.

Connection on American investment companies in Turkish language technology start-UBS directly or through venture Varank said, “You should invest in Turkish and see the benefits of a job business in our region by opening up Generally world from there.”

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