Türkiye’s east, southeast regions see major growth with 50 industrial zones operational

Kahramanmaras Organized Industrial Zones (AA Photo)

Türkiye's east and southeast regions have experienced significant industrial growth, with 50 organized industrial zones (OSBs) already operational and 11 under construction. This growth is attributed to enhanced stability and targeted government support, which have unlocked the economic potential of these regions.

Why it matters

The developments mark a turning point in addressing regional disparities, boosting employment and contributing to Türkiye's overall economic development. With these investments, the government aims to strengthen industrial output and enhance local and international competitiveness.

Details

Government investment: ?66.5 billion has been allocated to develop OSBs and industrial sites in the region.
Employment growth: Current employment in OSBs is 500,000, expected to rise to 650,000 with new projects.
KOSGEB support: From 2010 to 2024, ?14.23 billion in financial support was provided to 79,789 businesses in east and southeast Türkiye.

Zoom in

Earthquake-affected regions: Exports from 11 provinces impacted by earthquakes increased by 6% in 2024, totaling $19.21 billion.
Top exporting provinces: Gaziantep led with $10 billion, followed by Hatay ($3.5 billion) and Adana ($3 billion).
Leading sectors: Grain and oilseeds ($3.7 billion), textiles ($2.8 billion), and steel ($2.5 billion) drove export growth.

Zoom out

The ongoing industrial and economic transformation in east and southeast Türkiye aligns with the nation's broader strategy to decentralize industrial growth. By reducing regional disparities and fostering local production, Türkiye is not only addressing domestic economic challenges but also positioning itself as a competitive player in the global market.

What’s next

The government plans to continue expanding industrial zones, support earthquake recovery efforts, and reduce import reliance through enhanced local production and innovation. Sustained investments and policy interventions are expected to further stabilize and grow the region's economy.

January 11, 2025 04:31 PM GMT+03:00