Turkey’s largest ‘silicon valley’ to open in 2012

[Pax Ottomana]

The largest information technology (IT) complex in Turkey, dubbed Teknopark Istanbul, is set to open next year on the Asian side of the country’s economic capitol Istanbul.

Supported by Turkey’s powerful Undersecretariat of Defence Industries (SSM) and Istanbul Chamber of Commerce (ITO), the humongous 2.5 million square meter complex will host over 1,000 companies and research institutes operating in the information technology, advanced electronics, software, sensors, data security and related fields.

Teknopark Istanbul will create over 30,000 jobs for Turkey’s most qualified people in the information technology industry, and eventually generate an annual revenue of $7 billion, following a planned 15-year exponsion period with a net cost of $2 billion.

7 of Turkey’s select universities have already signed up to cooperate with the complex with anohter 44 from around the world waiting in line for the openning in 2012.

Teknopark Istanbul is expected to be at the forefront of technological development in Turkey and function as the country’s ‘silicon valley’, providing cutting edge solutions to Turkey’s growing industrial needs.

Turkey’s largest ‘silicon valley’ to open in 2012 | TR Defence

 

[naveenp]

all the best

 

[Saithan]

Yes. It's about time Turkey took steps like this. Insallah our economy will remain stable enough so R&D can flourish.

 

[Kompromat]

Go Turkey !!!!!!!!

 

[ovarel]

Insallah our economy will remain stable enough so R&D can flourish.

it scares the crap out of me..sometimes i feel like our economy will worsen and all those efforts go to trash.

 

[Saithan]

it scares the crap out of me..sometimes i feel like our economy will worsen and all those efforts go to trash.

The privatization process could be going too fast and the government is probably cutting down the value of the assets to sell them. I am more concerned that those who buys them are thinking of short term investment. Thus we have the influx of hot money. However if we had institutions who could run the business properly and who's sole purpose was to run those companies we'd be better of.

As it is now, most of the succesful businesses end up being sold to foreigners. e.g. Turkcell where Sweden and Russia has majority stocks.

 

[avrasya]

The privatization process could be going too fast and the government is probably cutting down the value of the assets to sell them. I am more concerned that those who buys them are thinking of short term investment. Thus we have the influx of hot money. However if we had institutions who could run the business properly and who's sole purpose was to run those companies we'd be better of.

As it is now, most of the succesful businesses end up being sold to foreigners. e.g. Turkcell where Sweden and Russia has majority stocks.

Nothing wrong with selling business to foreigners. Thousands of Turks still working there. These companies payin their taxes. Our businesmens established new companies with this money. This means new jobs. And we get millions maybe billions of dollar from them.

Also Turkish companies are buying foreign companies around the world. This is normal.

 

[somebozo]

Turkish stuff is of good quality and cost half of europe. Turkish companies are sacking major engineering challenges around the middle east with sucesss...wish Turkey the best of its success!

 

[khurasaan1]

Great ...newz...