Five firms say to build factories in Turkish city by 2010

Five companies have decided to build factories in Aegean province of Izmir by the end of 2010.

Five firms say to build factories in Turkish city by 2010
President of the Executive Board of the Aegean Free Zone Development and Operating Company (ESBAS), Kaya Tuncer, said that they have begun receiving big investments after tax incentives were resumed and promotional activities took place overseas.

Among the five companies that will make investments in Izmir are U.S. auto parts giant Gates, Turkish-Dutch joint venture Cappadocia Textile and Italian automotive electronics giant Eldor.

The new five factories will provide jobs for 3,000 people.

There are presently around 300 companies, 75 of them foreign, operating in the Aegean province of Izmir's free zone providing employment to 14,500 people and making an annual trade volume of 3.8 billion USD.

"We expect more investments in the next two years," Tuncer said.

According to Tuncer, Izmir is an attractive center for investments with its well educated human resources, easy transportation and effective infrastructure.

Last Mod: 19 Şubat 2009, 11:42
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