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　WHY TURKEY

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1. CENTRALLY LOCATED

• A natural bridge between both East-West and North-South axes, thus creating an efficient and cost effective outlet to major markets
• Turkiye, as a regional hub provides easy access to 1.5 billion consumers in Europe, the CIS, and as an energy corridor and terminal between Europe, Central Asia and the Middle East, creates more and more enterprises each year within its borders. Access to multiple markets worth USD 22 trillion of GDP

2. LIBERAL AND REFORMIST INVESTMENT CLIMATE

• A dynamic and mature private sector with USD 102 billion worth of exports and an increase of 183 percent between 2002 and 2009
• Highly competitive investment conditions
• Strong industrial and service culture
• Equal treatment for all investors.  International and Turkish investors are subject to the same conditions and permits.
• More than 25,000 companies with international capital
• International arbitration
• Guarantee of transfers

3. LOW TAXES & INCENTIVES

• Corporate Income Tax reduced from 30 percent to 20 percent
• Individual Income Tax varies from 15 percent to 35 percent
• Tax benefits and incentives in Technology Development Zones, Industrial Zones and Free Zones could include total or partial exemption from Corporate Income Tax, up to 80 percent grant on employer’s social security share, as well as land allocation.
• New R&D and Innovation Support Law
• Region and sector-based incentive system

4. TOP TEN TOURIST DESTINATION

• In terms of both accessibility and as a crossroad through which many civilizations have passed over the millennia,　Turkiye’s unprecedented land ranks among those with the highest tourism potential in the world.  Turkiye has become the newest tourism country in the Mediterranean basin.  There has in fact seen significant development in Turkish tourism since 1994 with a steady rise in both the number of tourist facilities and bed capacity.  Currently Turkiye is the 6th most visited destination in the world achieving an average growth in tourism of 10% for the last decade with a total of 36,775,645 tourist arrivals in 2012 providing revenue of 29 billion USD.  The Government has set a target to achieve 53 million tourists and become one of the top three most visited destinations by the 100th anniversary of the modern Turkish Republic under the Vision 2023 plan.
• There are a total of 20 ski resorts, 16 golf resorts and 42 marinas in Turkiye with new ones opening every year to cater to the increase in tourism numbers.  With its 1300 thermal resources Turkiye is one of the top 7 countries in the world and the second in Europe for thermal spas.

 
5. FAST GROWING REAL ESTATE MARKET

• Housing supply is less than housing demand, indicating growth potential
• Expected increase in quality of housing in compliance with strict earthquake regulations
• Increasing need for Residences, Plaza Buildings, Resort Hotels and Tourism Infrastructure
• The number of modern shopping centers increased from 44 to 190 between 2000 and 2008.
• Sound banking system
• Recently introduced mortgage system
• Housing loans increased from TRY 3.5 million in 2004 to TRY 37.5 million in 2008, according to the statistics of The Banks * * Association of Turkey (TBB).
• 60 ％ of Turkiye’s population is under the age of 35, while the country’s GDP was USD 618 billion in 2009. The share of housing loans in Turkiye’s GDP is estimated to hit 15% in 2015.
• Strong construction firms with a good reputation worldwide
• 36.7 million tourists visited Turkiye in 2012, making Turkiye the 6th most visited holiday destination in the world. These figures show the great potential of the Turkish real estate sector as regards to the tourism industry and infrastructure.
• ULI ( Urban Land Institute) ranked Turkey the leading and the third investment market in Europe in 2008 and 2009, respectively
• Restructuring process in the cities leading to slum houses being demolished and replaced by quality housing
• Stable, institutionalized, internationalized sector thanks to predictable inflation rates and consistent prices.

 
6. SUCCESSFUL ECONOMY 

• 16th largest economy in the world and 6th largest economy compared to the EU area in 2009
• Strong capital adequacy of Turkish Banks
• Strong liquidity in banks
• Opportunity with Increasing loan-to-deposit ratio
• Opportunity with Low penetration ratio in the insurance sector
• Booming economy (USD 230 billion to USD 618 billion GDP from 2002 to 2009)
• Sustainable economic growth (4.3 percent annual average real GDP increase for the last 7 years)
• Promising economy with a bright future as it is expected to be the fastest growing economy among the OECD members during 2011-2017 with an annual average real GDP growth rate of 6.7 percent
• Institutionalized economy fueled by over USD 83 billion of FDI (Foreign Direct Investment) in the last 7 years and ranked as the 15th most attractive FDI destination for 2008-2010 (UNCTAD).
• Being a rapidly country, the GDP per capita is expected to increase in coming years, which will also have the effect of increasing consumer spending.
• Turkiye’s financial market is highly liberalized.
• Sound economic policies with tight fiscal discipline.
• Strong financial structure resilient to any global financial crisis.

7. POPULATION

• A population of 78 million people
• Largest youth population compared with the EU
• Median age 28.8
• 60% of the population under the age of 35
• Young, dynamic, well-educated and multi-cultural population

8. LARGE DOMESTIC MARKET

• 30 million internet users in 2009, up from 4 million in 2002
• 63 million GSM users in 2009, up from 23 million in 2002
• 44.4 million credit card users in 2009, up from 16 million in 2002
• Over 85 million airline passengers in 2009, up from 33 million in 2002
• 27.3 million international tourist arrivals in 2009, up from 13 million in 2002

9. QUALIFIED LABOR FORCE

• Over 24.7 million young, well-educated and motivated professionals
• Labor productivity with an annual average growth of 4.4 percent between 2002 and 2009
• 5th largest labor force compared with the EU
• Consumer base and motivated work force
• Approximately 450,000 graduates from circa 150 universities
• Around 550,000 high school graduates, including one third from vocational and technical high schools

10. INFRASTRUCTURE

• New and highly developed technological infrastructure in transportation, telecommunications and energy
• Well-developed and low-cost sea transport facilities
• Railway transport advantage to Central and Eastern Europe
• Well-established transportation routes and direct delivery mechanism to most of the EU countries

11. ENERGY CORRIDOR AND TERMINAL OF EUROPE

• An important energy terminal and corridor in Europe connecting the East and West
• As an energy transit country, Turkiye currently has the capacity to transport 121 million tons of oil to the world markets per annum. Once the ongoing projects are completed, the annual transit capacity will increase to 221 million tons of oil and 43 billion m3 of natural gas.

12. CUSTOMS UNION WITH THE EU SINCE 1996

• Customs Union with the EU since 1996, and Free Trade Agreements (FTA) with 16 countries
• More FTA agreements underway
• Accession negotiations with the EU since 2005
• Turkiye is the 15th most attractive destination for Foreign Direct Investment (FDI) in the world (UNCTAD World Investment Prospects Survey, 2008-2010).