The Minister of Industry and Technology, Mehmet Fatih Kacır, announced that a new initiative has been launched in organized industrial zones (OIZs) to accelerate industrial investments. He stated, “With the regulation that will create a supply-driven increase in investment plots, we aim to speed up investments and prevent a rise in land prices.”
According to a statement from the ministry, the first implementation of a regulation that anticipates offering all vacant plots in OIZs online for allocation to investors has commenced, aiming to further accelerate investments in industry.
Under this framework, the Ministry of Industry and Technology coordinated the simultaneous allocation of 20.1 million square meters of investment space for 1,484 factories across 133 OIZs for the first time today. Additionally, 2 million square meters of space have been offered for pre-allocation in 6 OIZs. In total, there will be an opportunity for the allocation of 22.1 million square meters and 1,600 investment sites.
The regulation will ensure that new industrial areas suitable for investment, along with fully developed plots, will be regularly announced. All plots in OIZs that have not yet been allocated will be opened for online allocation each month. The initial announcements have been made to investors in coordination with the Ministry of Industry and Technology, the Organized Industrial Zones Authority (OSBÜK), and the OIZs.
HAPPENING ON THE FIRST MONDAY OF EVERY MONTH
Minister Kacır shared on his social media account that a new initiative has been launched in OIZs today to accelerate industrial investments.
Kacır noted that 20.1 million square meters of investment space for 1,484 factories have been allocated concurrently and online across 133 OIZs, stating:
“The allocation applications will last for 3 weeks. Additionally, 2 million square meters of space are being offered for pre-allocation in 6 OIZs. Last month, we announced a change in the OIZ regulation that will ease access to investment locations for industrialists. The first implementation of the regulation, which anticipates the online allocation of unallocated OIZ plots to investors on the first Monday of every month, is taking place in October.
The regulation aimed at creating a supply-driven increase in investment plots seeks to accelerate investments and prevent a rise in land prices. OIZs will be managed more transparently, and our industrialists will have easier access to alternative investment sites. I wish you all the best.”
Links for land allocation and pre-allocation announcements in OIZs are as follows:
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Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
