Turkish government extends free of charge space allocations at industrial zones
The scope of free of charge spaces in Turkey’s organized industrial zones has been extended, a decision by the Industry and Technology Ministry has shown.
According to the decision, which was released on the Official Gazette on Nov. 2, the spaces at the organized industrial zones in fourth-ranked districts will be allocated without any fees.
This move was one of the measures in a package announced by Industry and Technology Minister Mustafa Varank who previously vowed to fight “the attacks against the Turkish economy.”
According to the decision, the existing “free of charge” space allocation will continue to be applied to the fifth-ranked and sixth-ranked districts.
Rent discounts in the organized industrial zones which are located in the second-ranked and third-ranked districts have also been extended to 60 percent and 80 percent, respectively, from a previous 40 percent and 60 percent.
The decision aims to further raise production and employment by fueling investments in the organized industrial zones.