What's new

Construction of high-tech valley begins in Kocaeli

atatwolf

BANNED
Joined
Jul 15, 2012
Messages
6,965
Reaction score
-19
Country
Turkey
Location
Turkey
Turkey's high-tech valley, which has begun being constructed across 740 acres in Kocaeli's Gebze district, will include 5,000 R&D companies and is expecting an annual turnover of $50 billion
The foundation of high-tech valley was laid on Tuesday to become a town with 5,000 research and development (R&D) companies and 100,000 employees, with a ceremony attended by Science, Industry and Technology Minister Fikri Işık.

High-tech valley, which is being established to increase Turkey's competitive power in the field of global innovation and information technologies, is being constructed on 740 acres in Kocaeli's Gebze district. $50 billion in annual turnover is expected from the project. The purpose of the town will be to transform information into technology, and technology will be transformed into production.

High-tech valley will include 309 acres for R&D activities where academics, industrialists, entrepreneurs, ideas, logic and hard work will come together. Not only information firms, but also all R&D firms that want to continue their manufacturing activities based on information technologies, will also take their place in the town along with international innovation and technology transfer centers and prototype (Fab-Lab) and test workshops, creating a strong synergy.

Around 5,000 R&D companies will be located in the town along with recreational and sports areas and education and social facilities with a capacity of 100,000 people, offering a rich social and living environment for both employers and employees alike.

The region, with around 87 out of the 500 biggest industrial organizations in Turkey, 37 organized industry zones, 14 universities and centers of the Scientific and Technological Research Council of Turkey (TÜBİTAK) and Turkish Standards Institution (TSE), are located, will be an attraction center for information technologies.

Further, at only a three-and-a-half hour flight and $25 trillion market volume, the region will reach a population of around 1.5 billion and will be an important logistic location including airports, high-speed train routes, highway connections and transit to the Gulf. Cooperation will be established with national and international universities to turn the town into an education center in addition to hosting the first thematic information center.

Slogan: "Made from Turkey"

Once the project is initiated, Turkey will become one of the most important centers in terms of information technology in the region. "Turkey, which has a crucial location that unites Europe, the Far East, Middle East and Africa, plans to increase its share in technological exports with products 'Made in Turkey' along with the slogan 'Made from Turkey' to offer goods based on its own technology," Işık said. He added that with the initiative it will be possible to turn high-tech valley into a catalyst for innovation, technology-based growth and capital accumulation and development while offering an economic and social development model.

1432669938675.jpg
 
.
Will it be as successfull as the financial district in Istanbul?

You can construct as much as you like as long as you cant attract companies.
 
.
make a tax free zone they will come but without taxes no money for goverment :D
 
. .
nice. it really seems more focus is being put on education, R&D and technology development. A strong and confident ambitious national focus from the top helps too. All of this will hopefully also help to reverse the brain drain. I can't wait to see the results in some years/decades.
 
.
nice. it really seems more focus is being put on education, R&D and technology development. A strong and confident ambitious national focus from the top helps too. All of this will hopefully also help to reverse the brain drain. I can't wait to see the results in some years/decades.
The best students of Turkey is going to US at the moment. Turkey and Japan is going to open tech university. If Japan can open some HQ for their companies in Turkey that would be great. Turkey would get knowledge from Japan and Japan strategic location between Europe, Africa and Asia.

Solution call 'low tax' not free-tax.
Currently low tax zone in EU is Netherlands. All big companies have HQ in Netherlands. Now that the world economy is shifting from west-Eurasia to east-Eurasia a more logical place would be Turkey as low-tax heaven for big companies.
 
.
Solution call 'low tax' not free-tax.
Turkey's tax incentives:
Incentives
- Invest in Turkey


It is divided by 6 regions. 6'th region gets the most incentives. 1'st region gets the least. To incentivize company's into investing in the lesser developed regions of Turkey. (The project in the original post is located in a region 1 incentive zone).
Technology and R&D company's get 5th region incentives, regardless of region.

In this regard, it should be attractive for company's to invest in the high-tech valley. Obviously there are other factors, so time will tell how many company's the valley will be able to attract.

Will it be as successfull as the financial district in Istanbul?

You can construct as much as you like as long as you cant attract companies.
The financial district hasn't been constructed yet. They will start construction soon probably (if they haven't already).
 
Last edited:
.

Pakistan Defence Latest Posts

Pakistan Affairs Latest Posts

Back
Top Bottom