Turkish National and Strategic Development Projects: News and Updates

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World's largest Islamic energy lender to include Turkish projects

Energy projects to be implemented in Turkey will also be able to get loans from the Qatari Energy Bank,
the world's largest Islamic energy focused lender, due to be set up later this year, according to the CEO of the Qatar Financial Center

The energ focused Islamic lender would be launched with a targeted capital of $10 billion and would target private sector and government energy projects, such as financing oil and gas, petrochemicals and renewable energy projects

https://www.dailysabah.com/energy/2...mic-energy-lender-to-include-turkish-projects

 

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Turkey's Southeastern Province of Adana is welcoming an $8 billion petrochemical investment



The Ceyhan Petrochemical Industry Zone project

Giant petrochemical investment in Adana to cut Turkey's current account deficit by $2 billion

the annual production capacity of the Polypropylene Production Facility to be realized in Ceyhan will be 450,000 tons
Turkey will close an annual deficit of $2 billion and generate revenue of $4 billion to $5 billion



President ERDOGAN's medium term economic program covering the period between 2019 and 2021 as a priority project, to produce many petrochemical products, including polypropylene, polyethylene and PVC, which cost about $ 45 billion in 3 years, in this scope, and to provide employment for at least 10,000 people

https://www.dailysabah.com/energy/2...-turkeys-current-account-deficit-by-2-billion

 

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New program brings Turkish scientists home


The International Leader Researchers Program launched by Turkey in December, saw an influx of applications from scientists working abroad, thanks to a set of incentives

The Ministry of Industry and Technology announced on Friday that more than 200 people from more than 30 countries applied for the program


There are researchers, professors among applicants and some are from prestigious universities like Harvard, Stanford, Oxford, Cambridge and Yale. We have applicants from Massachusetts Institute of Technology, from Imperial College. A professor who was in Intergovernmental Panel on Climate Change that won the 2007 Nobel Peace Prize is among the applicants. We have people from companies like Intel, Amazon, Siemens and the European Organization for Nuclear Research (CERN)



Turkey's earlier efforts to bring back its academic diaspora ensured the return of more than 595 researchers to Turkey in the past 8 years after they pursued a career abroad ( at the world's top 100 universities )



https://www.dailysabah.com/education/2019/03/30/new-program-brings-turkish-scientists-home

 

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Turkish Aerospace Industries to build world’s 4th largest facility for aircraft composite parts


Turkey's leading aerospace engine designer and manufacturer will build the country's first and the world's 4th largest composite facility for the high technology production of structural plane and helicopter parts

The $181 million facility will be built by Turkish Aerospace Industries (TAI) as a smart digital factory' on a 95,000 square meter area within the company's compound in capital Ankara's Kahramankazan district






https://www.dailysabah.com/business...largest-facility-for-aircraft-composite-parts

 

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Trilateral deal on Baku-Tbilisi-Kars railway to augment freight transportation


Turkey, Azerbaijan and Russia inked a cooperation agreement on late Monday to increase the volume of freight carried on the Baku-Tbilisi-Kars railway line, boosting commercial operations

With the activation of the BTK line, the products manufactured by our small and medium-sized industrialists will be able to reach Russia and Central Asia more quickly, safely and economically

This project connects not only three countries, but also the U.K., France, Belgium, Germany, Austria, Hungary, Serbia, Bulgaria, Turkey, Georgia, Azerbaijan, Kazakhstan, Turkmenistan and China

The 829-kilometer railway line, extending from Baku to Kars, complements a major part of the middle corridor with the Caspian Pass line

https://www.dailysabah.com/business...ars-railway-to-augment-freight-transportation

 

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Tender for new cruise port in Istanbul's Yenikapı


It is of the capacity to host 5-6 cruise ships at the same time. If we can complete the tender by the end of the year, it seems it will reach the 2021 season

3,000 meter dock will be constructed for two berths and eight cruise ships within the scope of the project. Furthermore, a 30,000-square meter passenger lounge and a marine terminal capable of holding 500 yachts at once will be built on an area of 120,000 square meters.

Turkey aims to make Istanbul one of the major cruise centers in the Mediterranean region, while it also seeks to increase its share in global cruise tourism, which is reported to have an annual turnover of $35 billion, to approximately $1.5 billion

when construction of the port is completed, approximately 3 million tourists are expected to come to Istanbul


and Turkey will achieve the 50 million tourists and over $35 billion in income we set for this year

https://www.dailysabah.com/tourism/...ruise-port-in-istanbuls-yenikapi-by-years-end

 

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VW reportedly chooses Turkey for new mega factory investment

German carmaker Volkswagen has reportedly picked Turkey for its new factory investment
near Turkey's western coastal city of İzmir.
The German carmaker's new plant, which will be established with an investment of up to 2 billion euros ($2.27 billion), is expected to begin production in 2022



Turkey has an automotive history that goes back almost 50 years. As one of the world's leading countries in the automotive sector, Turkey has received investments from many brands, including Fiat, Renault, Mercedes-Benz, MAN, Otokar, Isuzu, Honda, Hyundai, Toyota and Temsa, for the production of automobiles, light commercial vehicles, trucks, and buses

German carmaker VW to announce new Turkish factory in September

ARD, the public service broadcaster in Germany, says that the German automaker has chosen Turkey despite lower labor costs in Bulgaria, while the Saudi Arabia alternative has been off the table

ARD stated that VW seeks to produce the Passat model in Turkey and to sell 40,000 cars of this model in the country a year, as well as planning to produce Skoda Karoq and Seat Ateca models at the new factory.


The German group also agreed with America's Ford to produce light commercial vehicles at Ford's plant in Turkey. Ford has a large plant in Gölcük in northwestern Turkey's Kocaeli province, where it manufactures its Transit van and Customs model


https://www.dailysabah.com/automoti...-to-announce-new-turkish-factory-in-september

https://www.dailysabah.com/automoti...hooses-turkey-for-new-mega-factory-investment

 

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The Azerbaijani giant has so far realized around $14.2 billion out of its planned $19.5 billion investment in Turkey, to be made by 2020


Currently, the facility can store 600 million cubic meters of natural gas and has another 600 million cubic meters of capacity under construction with plans to reach 5.4 billion cubic meters by 2023-24

SOCAR, together with BP, plans to launch the construction of a new petrochemical plant in Turkey at the end of 2020. The investment cost of the SOCAR-BP joint project is expected to stand around $1.8 billion and the construction is expected to be completed by 2023

https://www.dailysabah.com/energy/2...ar-investment-in-turkeys-gas-storage-capacity

 

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Turkey will add almost 21 GW to its installed renewable energy capacity between 2019 and 2024

SOLAR POWER

-- Karapınar Solar Power Plant $1,3 billion ( 1000 MW ) is the 2nd biggest solar power plant in the world after China ( Tengger Desert Solar Park – 1500MW )

WIND ENERGY

The 1,200 MW offshore wind energy project will be the first in the country and the largest in the world ($2 billion)

This capacity will make Turkey one of the five countries in Europe with the highest renewable-based capacity ranking 11th in the world

the world's highest renewable energy capacity in 2024

1 .. China 1,219 GW
2 .. The US 411 GW
3 .. India 235 GW
4 .. Germany 166 GW
5 .. Brazil 156 GW
6 .. Japan 153 GW
7 .. Canada 107 GW
8 .. Spain 81 GW
9 .. France 80 GW
10 . Italy 73 GW
11. Turkey 63 GW


https://www.dailysabah.com/energy/2...among-europes-top-5-renewable-leaders-by-2024

 

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Turkey has a total of 3.3 billion tons of Boron ( $1,4 trillion )


Turkey has a total of 3.3 billion tons of boron, equating to 73% of the world's total reserves, which puts Turkey as the world's number one country holding the biggest boron reserves and controls about 59% of the boron market in the world

Boron products consumption globally has reached nearly 4 million tons and Turkey met approximately 59% of world boron demand in 2018. Turkey's refined boron production capacity is 2.7 million tons

In 2018, almost 2.4 million tons of boron were sold exceeding revenue of $1,013 billion

24 million tons of boron = $10 billion
240 million tons of boron = $100 billion
2,4 billion tons of boron = $1 trillion
3,3 billion tons of boron = $1,4 trillion



Boron carbide will be used intensively in military tactical vehicles with high endurance and strength density ratio, helicopters, as well as in military equipment in low density and high heat resistance appliances such as steel armor, clothing like protective vests and nuclear applications


New boron carbide facility to boost Turkey's defense industry

https://www.aa.com.tr/en/energy/energy-diplomacy/turkey-breaks-ground-for-boron-carbide-plant/27130

 

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First train from China to Europe makes 'Silk Railway' dream come true in Turkey

The countries in the Middle Corridor of China's Belt and Road project celebrated a milestone in global trade on Wednesday as they hailed the arrival of a Chinese freight train in Turkey, signaling the full integration of the 'Silk Railway' dream

China's Railway Express will directly connect Czech Republic's Prague to Xian, the capital city of Shaanxi Province in central China, via Turkey. ( the $21-trillion trade volume between Asia and Europe )

The real Silk Road was an active trade route used between the 2 B.C and the 18th century that connected China and Europe through Anatolia ( Turkey ) and the Mediterranean region

The China Railway Express carrying a freight of electronic goods equal to the load of 42 trucks, will make 11,483 kilometers in 12 days

The first freight train from China entered Turkey after traveled through Kazakhstan, Azerbaijan and Georgia

Providing the shortest rail link between Europe and Asia, 829 km the Baku-Tbilisi-Kars railway line and the Marmaray tunnel plays important role in the implementation of the initiative

Turkey play a key role in the Modern Silk Road with its recently attracting mega investments like

-- Marmaray ( completed )
-- Yavuz Sultan Selim Bridge ( completed )
-- Eurasia Tunnel ( completed )
-- Çanakkale 1915 Bridge - 2022
-- New Airport in Istanbul - ( completed )
-- The Edirne-Kars High-Speed Railway line ( 2.000 km )
-- Baku-Tbilisi-Kars Railway Project ( 838 km ) - completed



https://www.dailysabah.com/business...-makes-silk-railway-dream-come-true-in-turkey

 

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The Ilısu Dam built on the Tigris River in the southeastern province of Mardin, saw an estimated investment cost of $2.27 billion


Turkey had started building dams on the Euphrates within the framework of a $32 billion GAP launched in 1977, one of the world's largest and most comprehensive sustainable development projects including efficient irrigation methods and a water infrastructure development scheme

Turkey's largest three hydroelectric power plants - the Atatürk, Karakaya and Keban dams on the Euphrates River - have made a contribution of over TL 400 billion ( $70 billion ) to the Turkish economy since their inaugurations in the 1980s


One of Turkey's visionary projects, the Ilısu Dam, has begun to fill water in its reservoir and its hydroelectric power plant is scheduled to begin electricity generation in three months

The Ilısu Dam is expected to generate 4.1 billion kilowatt-hour electricity per year, contributing TL 2 billion ( $350 million ) to the Turkish economy on an annual basis

https://www.dailysabah.com/energy/2019/11/12/ilisu-dam-poised-to-start-power-generation-in-february

 

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EUROPE's second largest space observation center to operate in 2021

The observatory is located at an altitude of 3,170 meters in the Karakaya Hills in Konaklı village of eastern Erzurum province in Turkey

The observatory will have important contributions to the scientific world and given its altitude and technical features, it is one of the most accessible technologically advanced telescopes within its class

http://www.hurriyetdailynews.com/turkeys-largest-observatory-to-operate-in-2021-148765

 

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Gas found in Thrace to cover Turkey's 5 year demand ( $80 billion )

The exploration operations by the Norwegian energy giant Equinor, and Canadian energy firm Valeura in Turkish Thrace have reportedly resulted in a natural gas discovery of 286 billion cubic meters corresponding to nearly five years of Turkey's gas demand


Turkey's natural gas imports decreased by 8.8 percent last year compared to the previous year decreased to 50 billion 360 million cubic meters

https://www.dailysabah.com/energy/2...over-286-bcm-of-natural-gas-in-turkish-thrace

 

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Turkey a regional leader in artificial intelligence tech investments


Turkey is a leading country in its region in terms of investments in artificial intelligence (AI) technologies

With an artificial intelligence technology expenditure of nearly $3.4 billion, Turkey is a country with the largest investment in AI in the last 10 years

https://www.dailysabah.com/technolo...r-in-artificial-intelligence-tech-investments






First locally-assembled multi-role T-70 utility Helicopter rolled out of hangar


Turkish Aerospace unveiled the first locally assembled T-70 Black Hawk helicopter built under the Turkish Utility Helicopter Program (TUHP)

Sikorsky teamed up with Turkish aerospace industry (TAI) to produce 109 T-70 utility helicopters for the $3.5 billion based on S-70İ multi-role Black Hawks in June 2016

This number could reach as high as 300 units depending on the T-70 options exercised by Turkey's Defense Industries Presidency


TAI is leading the program as a prime contractor of this program with other subcontractor companies; Sikorsky Aircraft, Aselsan, Turkish Engine Industries (TEI) and Alp Aviation

Aselsan develops and integrates avionics and co-develops with Sikorsky Aircraft an enhanced digital cockpit known as the Integrated Modular Avionics System (IMAS). This enhanced digital cockpit will provide Turkish pilots with powerful smart displays, point-and-click functionality to speed input of pilot commands, and ergonomic enhancements to the Pilot Vehicle Interface that will reduce pilot workload.

Alp Aviation is responsible for the production and assembly of landing gears, gearbox and dynamic components

TEI is responsible for engines built under a license of General Electric (GE). The T-70 will be powered by GE Aviation T700 engines. The first domestically produced T700-TEI-701D engine was delivered to TAI in May this year

https://www.dailysabah.com/defense/...-t-70-utility-helicopter-rolled-out-of-hangar