The Middle East Industry

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Turkey recently became the biggest producer of white goods in Europe. When we take a broader view and look beyond just this sector, we can see that the country is now sea of opportunity for investors outside of the European continent.

Chapter | Industry & Retail from The Report: Turkey 2013

Accounting for between a quarter and a third of GDP, Turkey’s industrial sector is a global player in areas as diverse as automotive, ready-to-wear, chemicals and retail. A major source of Europe’s industrial imports – as well as a destination for the continent’s exports – Turkey also carried out significant trade in industrial goods with the Middle East, Central Asia and beyond. Despite the...

At an average of 5.1% between 2003 and 2012, Turkey has experienced one of the world’s highest growth rates over the past decade. This was accompanied by drops in joblessness and poverty, as well as gains in school enrolment, home ownership and life expectancy. 

With the industrial sector looking to post positive growth in 2013 on the back of increased regional demand, steps are being taken to boost the supply of space for manufacturing activities.
The Turkish government is hoping talks aimed at ending the long-running conflict with Kurdish separatists will bring not only peace to the east and south-east of the country but also a wave of investments, with the industrial sector tipped to be one of the main beneficiaries.
The spate of large defence contracts recently awarded to Abu Dhabi-based firms, together with the emirate’s growing success in attracting investment for technology, has highlighted the key role earmarked for the industry in the emirate’s long-term plans to diversify its economy.

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