Istanbul, His Excellency Recep Tayyip Erdogan, President of the Republic of Trkiye, announced that Trkiye will provide $30 billion in financial grants and tax incentives for high-tech investments. His Excellency unveiled the high-tech incentives programme, aiming to position Turkey as a regional production hub for electric vehicle batteries, with $4.5 billion allocated for incentives in this sector. His Excellency added that a $5 billion package will be launched to increase electric vehicle production capacity to at least one million cars annually. His Excellency also announced support for wind energy component manufacturing and a grant of up to $8,000 per megawatt for electronic chip investments to establish 15 gigawatts of solar energy capacity. Turkey aims to attract at least $20 billion in private sector investments, significantly contributing to its technological development process. Source: Bahrain News Agency
Related Posts
IPA Qatar Signs MoU with Microsoft to Enhance Qatar’s Digital Transformation
The Investment Promotion Agency Qatar (IPA Qatar) signed yesterday the Memorandum of Understanding (MoU) with Microsoft Corporation, the global tech…
Minister of Commerce and Industry Inaugurates Build Your House Exhibition 2024
Doha: HE Minister of Commerce and Industry Sheikh Mohammed bin Hamad bin Qassim Al-Thani, inaugurated today the Build Your House Exhibition at the Qatar National Convention Center, in the presence of a gathering of Qatari and foreign businessmen, priv…
Jordan’s exports to EU grow by 23%
Jordanian exports to the European Union (EU) countries grew by 23.4 per cent during the first five months of 2023 to reach about JOD 136 million compared to about JOD 110 million for the same period last year.According to Jordan News Agency (Petra), fo…