Turkeys Industry

Industry, which has always been considered to be the key sector of the economy, takes the lead in this development process. Especially after the liberalization movements, it showed a remarkable growth, and level of production in this sector reached the world-wide standards. Among the several sub-sectors of the Turkish industrial sector, there exist the defense, electronics, iron and steel, automotive, glass and sugar industries. The cement industry plays an important role in the country holding a high ranking position in world production.

The textiles and clothing sub-sector is another advanced branch, and Turkey, as a major cotton producer, increases its exports of textile products every year. Processing of agricultural products, production of agricultural machinery, and the fertilizer industry are to be mentioned here, while they relate to another main sector of the Turkish economy, namely agriculture.

All these measures and developments are expected to fuel further economic growth. The most conservative projections predict an annual average growth rate of 6.5 percent in the coming years. With its young and well trained workforce; rich natural resources; well developed infrastructure; improved transportation, telecommunications and banking systems; rapidly growing domestic market; and dynamic and developed industry, Turkey today and in the future offers an attractive and secure investment opportunity to foreign investors. Agriculture, Mining, Manufacturing and Tourism are the main Industries in Turkey.

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