The strategy highlights six primary policy areas: investment climate and competitiveness, green transformation, digital transformation, global value chains (GVCs), talent pool, and communications and promotion.

Key targeted investment domains in the strategy include climate, digital, GVCs, knowledge-intensive sectors, high-quality job-generating sectors, high-end service, high-quality finance and fields related to regional development.

The strategy, published in the official gazette late last month, is a key component of the ‘Turkiye Century’ vision, which seeks to promote sustainable, technology-driven economic development, while responding to evolving global investment trends, an official release said.

In a foreword, President Recep Tayyip Erdogan emphasised his country aimed at transforming itself into a leading hub for science, technology, production and trade, driven by a robust FDI strategy that creates a welcoming environment for investors.

The strategy was drafted in response to pressing global trends like restructuring of value chains, rising protectionism, macroeconomic uncertainties, climate change and the increasing emphasis on regional industrial policies.

Fibre2Fashion News Desk (DS)