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Türkiye to receive $9.3 billion investment in high-tech and defense sectors

Photo shows digital billboards at the Times Square in New York. Presidential Investment Office publishes the messages “Invest in Türkiye” and “Nexus of the World” on digital billboards at the Times Square in New York, U.S. on September 22, 2024. (AA Photo)
By Anadolu Agency
Mar 29, 2025 1:30 AM

Türkiye is set to attract a $9.3 billion investment through large-scale projects in sectors such as solar cell production, petrochemicals, vehicle manufacturing, and defense solutions, as part of the country’s HIT-30 (High Tech) investment program, according to an official announcement on Friday.

Minister of Industry and Technology Mehmet Fatih Kacir shared the news on X, revealing that these projects will generate over 20,000 jobs and contribute $12 billion annually to Türkiye’s current account balance.

Key investments include:

  • Alfa Solar, Astroenergy, CW Solar Cell, Elin, and Schmid Pekintas: A total of $2 billion in integrated solar cell production facilities across Türkiye, with individual investments of $390 million, $520 million, $387 million, and $683 million.
  • Aselsan: The Turkish defense giant will invest $616 million in Ankara to produce photon detectors, nanotechnology, and air and missile defense systems radars.
  • CCE Metal and Kimya Ticaret: These chemical firms will invest $168 million in Bilecik to manufacture special alloyed aluminum.
  • Chery: The Chinese automaker will invest $1 billion in a new-generation vehicle production and supply industry facility in Samsun, a city on Türkiye’s Black Sea coast.
Chery Fengyun T9 EV front view at auto show
A close-up view of the Chery Fengyun T9 electric SUV showcased at an auto exhibition, accessed on Mar. 26, 2025. (Adobe Stock Photo)
  • Eti Bakir: The Turkish mining company will invest $498 million in Samsun to produce cathode copper, cobalt metal, zinc metal, and pellet iron.
  • Havelsan: This defense firm will invest $143 million to produce command and control systems, simulation technologies, and autonomous platforms in Istanbul and Ankara.
  • Karesi Polyester and Petrochemistry: These firms will invest $1.4 billion in Balikesir to produce purified terephthalic acid (PTA).
  • Mechanical and Chemical Industry Corporation (MKE): The company will invest $818 million in Ankara and Kirikkale to produce cylindrical gunpowder and other ammunition.
  • Proturk Ilac: The pharmaceutical firm will establish a plasma fractionation facility in Ankara with a $448 million investment.
  • Roketsan: The defense company will invest $407 million in defense systems production in Ankara and Kirikkale.
  • Teknik Aluminum Sanayi: The aluminum manufacturer will invest $480 million in Edirne to produce aluminum using direct cooled slab casting and hot rolling methods.
  • Tofas: The vehicle maker will launch a $468 million facility in Bursa to produce new-generation vehicles.
  • Tomtas: This Turkish defense firm will invest $292 million in Kayseri to produce training and light land attack aircraft, as well as ready-to-assemble parts.

These strategic investments are expected to strengthen Türkiye’s industrial capabilities, particularly in high-tech and defense sectors, while providing a significant boost to the economy and creating thousands of new job opportunities.

Last Updated:  Mar 29, 2025 1:30 AM