Minister Kacır: Türkiye Offers Attractive Opportunities for Global Investors

Industry and Technology Minister Kacır spoke on the second day of the GO! GLOBAL Türkiye Summit in Istanbul. He said the global investment volume represented at the event has risen to 800 billion dollars and that Türkiye aims to become a global hub for technology, entrepreneurship and investment.

Kacır said annual R&D spending rose from 1.2 billion dollars to about 20 billion dollars over the last 20 years, while its share of national income increased from 0.5 to 1.46 percent. He also said Türkiye aims to raise the total valuation of its Turcorns to 100 billion dollars by 2030, and that 3 billion dollars in public support has been set aside for data centre and AI investments.

Kacır said Türkiye's strategic location, economic growth, large domestic market and skilled workforce offer attractive opportunities for global investors. He added that additional public funding of 300 million dollars was allocated to venture capital funds in May.