With this agreement, the domestic IT sector will become one of the two industries that receive the bulk of government incentives, along with the domestic automotive sector. The deal will pave the way for Turkey to become a leading player in the global IT market over the next 10 years, reduce Turkey’s dependency on foreign technology and help to reduce the current account deficit (CAD).

The minister explained the steps which will be taken to achieve the target, which include a consideration of how the number of patents and entrepreneurs in Turkey reflects the effectiveness of university’s and the introduction of incentives to encourage cooperation between the IT sector and universities. Technology parks will be developed, providing industry hubs that all firms can benefit from and the government will support IT companies by initiating projects that will increase demand for information technology products. Also, international firms will be encouraged, through incentive packages, to move their production and research facilities to Turkey.

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