Turkiye unveils $30bn incentives package to boost high-tech sectors

The Turkish government, on Friday, announced a sweeping $30 billion incentives package aimed at propelling the country into the forefront of high-tech industries. The initiative, which represents one of the largest state-backed investments in Turkiye’s history, is designed to foster innovation and growth in critical sectors such as information technology, artificial intelligence, biotechnology and renewable energy. The package includes a range of incentives, including tax breaks, grants and low-interest loans for companies and start-ups operating within these high-tech domains. The government has also pledged to streamline bureaucratic processes, making it easier for businesses to access these funds and for international companies to invest in Turkiye’s burgeoning tech landscape. Turkish President, Recep Tayyip Erdogan, who announced the package during a press […]