Distribution of 1.2 Trillion Liras Worth of Investments in the New Incentive System

While the new incentive system implemented to increase investments and close the development gap between regions failed to reach its targets, the majority of the 1.2 trillion liras worth of investment certificates went to the most developed first and second regions.

The Incentive System and Its Objectives

An incentive system was put into practice with the objectives of increasing investments, reducing unemployment, eliminating development disparities between regions, and closing the foreign trade deficit.

Since May of last year, the system has been built upon three main pillars: the Turkey Century Development Move, the Sectoral Incentive System, and Regional Incentives.

Change in Investment and Certificate Figures

While an investment of 441 billion liras in exchange for 4,378 certificates was projected in the January-July period of last year, the projected investment amount increased by 18.3 percent to 522 billion liras in the same period of this year.

In contrast, the number of investments tied to incentive certificates decreased by 33.2 percent to 2,890, while projected employment also fell by 13.3 percent to 75,447 people.

One-Year Total Incentive Data

Under the new incentive system, a total of 5,651 incentive certificates projecting 1.205 trillion liras of investment were issued over the course of a year.

A total employment of 135,503 people is projected within the scope of these issued certificates.

Distribution of Investments by Region

In the new incentive system as well, the most investments were once again made in the first and second regions, where the most developed provinces are located.

462 billion liras, corresponding to 38.4 percent of the investments, went to the first region, while 234.3 billion liras, corresponding to 19.4 percent, went to the second region.