Enterprise Singapore Logo
  • Industries
    • Industry Type
      • Agritech
      • Air Transport
      • Built Environment
      • Business Services
      • Digital / ICT
      • Electronics
      • Energy & Chemicals
      • Food Manufacturing
      • Food Services
      • Healthcare and Biomedical
      • Land Transport
      • Logistics
      • Marine & Offshore Engineering
      • Precision Engineering
      • Retail
      • Sea Transport
      • Urban Solutions
      • Wholesale Trade
    • Hub
      • Infrastructure Hub
      • Startup Hub
  • Overseas Markets
    • Africa
      • Ghana
      • Ivory Coast
      • Kenya
      • Morocco
      • Mozambique
      • Nigeria
      • South Africa
    • Asia Pacific
      • ASEAN
      • Australia
      • Cambodia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Myanmar
      • Philippines
      • South Korea
      • Thailand
      • Vietnam
    • Europe
      • France
      • Germany
      • Russia
      • Türkiye
      • Netherlands
      • United Kingdom
    • Middle East
      • Egypt
      • Israel
      • Jordan
      • Oman
      • Qatar
      • Saudi Arabia
      • United Arab Emirates
    • North & Latin America
      • Brazil
      • Canada
      • Colombia
      • Mexico
      • United States of America
    • Go Global
  • Quality & Standards
    • Standards
      • For Companies
      • For Partners
      • E-Alert for Standards
    • Accreditation
      • For Companies
      • For Conformity Assessment Bodies
      • For Partners
      • Mutual Recognition Arrangements (MRAs)
    • Business Excellence
    • Consumer Protection
      • Consumer Product Safety Office
      • Weights and Measures Office
  • Financial Assistance
    • Grants
      • For Startups
      • For Local companies
      • For Partners
    • Loans & Insurance
      • Enterprise Financing Scheme (EFS)
    • Tax Incentives
      • Double Tax Deduction for Internationalisation (DTDi)
      • Global Trader Programme
      • Fund Management Incentive (FMI)
      • Venture Capital Fund Incentive (VCFI)
    • Investments
      • Startup SG Equity
      • SEEDS Capital
      • EDBI
  • Non-Financial Assistance
    • For Singapore Companies
      • Supporting Your Startup Journey
      • Digital Programmes
      • Growth Partnership Programme
      • Sustainability
      • Business Toolkits
      • Talent Attraction and Development
      • Network of Partners
      • Export Guides
      • Free Trade Agreements
    • For Foreign Companies
      • Join Singapore's Startup Hub
      • Living in Singapore
      • Setting Up in Singapore
      • Free Trade Agreements
      • Double Tax Avoidance Agreements
      • International Investment Agreements
    • For Individuals
      • Skills Development for Students
      • Skills Development for Mid-Career Professionals
      • Be Inspired
  • About Us
    • Overview
    • Vision & Mission
    • Board of Directors
    • Subsidiaries
    • Strategic Plan
    • Year-in-Review 2022
    • Careers
    • Media Centre
Search
  • Share
Turkey
  • Home
  • Overseas Markets
  • Europe
  • Türkiye
  • Profiled Industries
Türkiye
  • Market Profile
  • Profiled City
  • Profiled Industries
  • Doing Business in Türkiye
    • In-Market Consultants
    • Key Government Agencies and Chambers
    • Singapore's Bilateral Agreements With Türkiye
    • News Outlets
  • Contact Us

Profiled Industries

Infrastructure
 

To achieve the goals of Türkiye’s 2023 Vision, various economic, social and infrastructure improvements are underway. By 2023, Türkiye aims to achieve a GDP of US$2 trillion, up from US$820.8 billion in 2013. It also hopes to achieve a per capita income of US$25,000 and reduce unemployment to 5%.

Infrastructure projects include:

ProfiledIndustries_Infrastructure_bef1stBulletPoint

  • A third airport in Istanbul that is expected to be the busiest airport when completed in 2027 with six runways and four terminals.
  • An approximately US$15 billion New Istanbul Canal to be built to link the Black Sea and the Sea of Marmara.
  • A US$2.5 billion luxury high-rise that includes a hotel, a new mall, office space, and a spacious performing arts centre.
Consumer Electronics
 

With rising affluence and a growing number of internet users, consumer electronics will continue to be an important sector of Türkiye’s economy. Smartphones and audio-visual products such as digital cameras and video devices form the bulk of consumer electronics purchases, and have seen consistent growth in sales volume. Online retailing has contributed greatly to consumer electronics sales. Such products account for the largest share of e-commerce transactions in Türkiye.

urk
Energy
 

Türkiye has become one of the fastest growing energy markets in the world. The Turkish Electricity Transmission Company estimates that the country’s demand for electricity will increase at an annual rate of 6% between 2009 and 2023.

An estimated US$130 billion in investments is needed to meet Türkiye’s rising energy demand until 2023. The Turkish government is encouraging investors to step in and implement energy projects, with particular incentives for renewable energy.

Water
 

 ProfiledIndustries_Water_bef1stPara

Proper waste water treatment is still not widespread in Türkiye. Under the Wastewater Treatment Action Plan 2023, the government aims to have a total of 2,154 waste water treatment plants by 2023, up from 653 in 2015. Existing plants and sewer systems will also be renovated, and new sewer systems will be built. All of this represents significant opportunities for Singapore firms with expertise in this area.

Waste Management
 

Türkiye's current waste management infrastructure is insufficient for the country's needs. Over 30 million tonnes of waste is produced annually, with the majority going to municipal waste storage facilities and landfills.

In 2015, the European Bank for Reconstruction and Development launched the US$125 million Near-Zero Waste initiative in Türkiye. This aims to fund up to 12 investments in areas such as waste recycling and biomass facilities. As Türkiye continues to tackle this issue, further opportunities will open up for Singapore firms with expertise in waste management.

Key cities such as Istanbul are starting to face land constraints in the face of rapid development and are looking to develop waste-to-energy plants as existing landfills near full capacity. In 2017, Swiss firm Hitachi Zosen Inova AG was awarded a contract to build a 70MW waste-to-energy plant in Istanbul, set to be the largest in Europe.

Manufacturing
 

The manufacturing sector contributes about 18% of Türkiye’s GDP. Türkiye’s young and skilled labour force makes it a preferred hub for manufacturing and export. For instance, many MNCs such as Toyota, Ford, Hugo Boss and Nestle have identified Türkiye as their production hub. Singapore companies in the manufacturing industry can consider venturing into this market and seize the opportunity to access the local as well as the Middle Eastern and European market.

In addition, Türkiye's large production base, access to high quality raw materials and competitive prices make it a prime sourcing destination. The country exports US$168 billion worth of goods which include motor vehicles, trailers, basic metals, machinery and equipment, textiles, apparel, fur, food products and beverages, metal products and furniture.

TOP

Newsletter Sign Up

Get the latest news on how to grow your business - delivered straight to your inbox. Because growing your business is our business.

SUBSCRIBE
  • About Us
  • Media Centre
  • Careers
  • Events
  • E-Services
  • Resources
  • Inspiring Stories
  • Blog

Connect with us

  •  
  •  
  •  
  •  
Contact | Feedback |
Whistle-blowing
  • Sitemap
  • Terms of Use
  • Privacy Statement
  • Report Vulnerability

© 2018 Enterprise Singapore

(Last updated on 02 November 2022 16:42:52)