Burak Dağlıoğlu, President at the Investment Office of Republic of Turkey’s Presidency:

“International accreditation organizations confirmed Turkey’s powerful position is facilitating the transfer of the companies. We are ready to assist the investors wishing to secure their supply chains in the world reshaping after the pandemic.”

BARIŞ CABACI

The world economy’s rules and functioning are being rewritten while the global supply chain is reshaped due to the pandemic. In this process, with its numerous advantages, Turkey forges ahead as an ideal center for the international companies. The Investment Office of the Republic of Turkey’s Presidency offers quite attractive incentives along with these advantages.

Burak Dağlıoğlu, Office President, mentioned their activities regarding global investors to Istanbul Commerce:

A BUSINESS-FRIENDLY INVESTMENT ENVIRONMENT

What are the areas where Turkey is more competitive and attractive to foreign investors?

One has to take a close look at the Turkish economy’s structure to understand the opportunities our country has to offer. Our economy is robust, resilient, but most importantly, it is diversified, providing opportunities in a various industries. Excluding Western European countries, Turkey is the only country in the region that produces everything from automotive to pharmaceuticals, from food and beverages to machinery, chemicals to aerospace and defense products. Moreover, these industries are bolstered by solid financials, logistics, and business services. All these industries have developed into global players and are well integrated into to the global value chain. As a result, our country is creating lucrative opportunities for international investors. Turkey’s primary assets include a geostrategic location, a qualified labor pool with a competitive cost advantage -this is also important- and a liberal and business-friendly investment environment, which has been constantly improved under the leadership of President Recep Tayyip Erdoğan, since 2003.

THEY CHOSE TURKEY

How did the pandemic affect international investor’s interest in Turkey?

Despite the pandemic, foreign investors continue to make significant commitments in Turkey. In June, for instance, the Turkish game developer Peak Games was acquired by US-based global gaming giant Zynga, at a valuation of $1.8 billion, standing out as the first Turkish unicorn. Again, in August, Zynga acquired another Turkish mobile games developer, Rollic, for $180 million. French Imerys signed an agreement to acquire a majority stake at the Haznedar Group, one of Turkey’s leading refractory bricks manufacturers. Switzerland-based Firmenich acquired perfume producer MG International Fragrance Company. Regarding infrastructure -a key industry- Qatari terminal operator Q-Terminals acquired a commercial port in the Mediterranean province of Antalya. The list also includes the sales of stakes at IstinyePark, one of the top luxury shopping malls in Turkey, and stakes at Borsa Istanbul to the Qatar Investment Authority. The EBARA Group of Japan acquired the Turkish pump manufacturer Vansan. The good thing is that the recent investments have not been limited to mergers and acquisitions; greenfield and brownfield projects have also continued in Turkey. Turkey is a powerhouse, particularly for the automotive business. Hyundai Motor Company has recently commenced mass production of its i20 model in its Turkish factory to meet half of i20 model supplies globally. Meanwhile, Switzerland-based multinational food and drink processing conglomerate Nestlé broke ground for its fifth factory in Turkey, which will likewise be Turkey’s first medical nutrition plant. Regarding the pharma business, US-based biopharmaceutical company Gilead Sciences announced a new investment to produce HIV and Hepatitis drugs, together with a local partner in Turkey. Ford has recently announced another significant example in brownfield investments. Accordingly, Ford Otosan Gölcük Factory will manufacture the first fully electric version of Transit, the world’s most preferred commercial vehicle model, while also assuming the battery assembly. In short, we believe that the effect of Covid-19 on the Turkish economy has been limited and the investment ison the uptrend.

SECTOR OPPORTUNITIES OF 2021

What are your priority sectors with regards to FDI in the post-pandemic era?

The Investment Office’s priority sectors include e-mobility, energy storage, chemicals and petrochemicals, ICT, machinery, and advanced manufacturing technologies. Of course, life sciences, pharmaceuticals, medical devices, hospital services, and defense and aerospace are also important industries. Last but not least, we should mention agriculture and food. We focus on financial investments in all these sectors, namely private equity and venture capital investments. Turkey has proven itself as one of the fastest emerging markets for growth funds in the last two decades. In the past five years, we have accumulated success stories of venture capital investments and exits. We believe Turkish companies are robust and agile; they have the talent, yet we need more equity injection to those companies and startups.

NO STOPPING AFTER THE PANDEMIC

What are the Investment Office’s new approaches and perspectives for drawing investors to Turkey in the next years?

The Investment Office has redefined its priorities and is prepping for the post-pandemic period. We will continue to promote Turkey with targeted sectors and investors. At the same time, we will ensure that existing investors receive effective facilitation services to retain and expand their investments in Turkey. We are continuing our work on an international investment strategy adapted to the pandemic era and beyond. We are currently working on a supplier development program to ensure that international investors secure the procurement of critical products in their supply chains. We invest more in digital communication platforms to deliver our content and messages to our target audience. Localization of content and mediums in each market is our priority.

MICRO WEBSITES

In addition to our ever-developing website invest.gov.tr, we run micro websites and local social media accounts in countries such as Japan, South Korea, China, Arabic speaking countries, and German-speaking countries. Our priorities also entail attracting investments that will take our country to the next level in global supply chains. Considering that the new structure will gather around the supply chains in the post-pandemic era, we are working in close cooperation with relevant institutions to arrive at a more central location for almost every sector in Turkey. “Turkey is an ideal place for investors” is the message we deliver to international investors who are willing to secure their supply chains and seek diversity, whether during the pandemic or the post-pandemic era.

Our targets also involve having more multinational companies in Turkey with innovative facilities such as R&D and design centers. We aim to fortify Turkey’s position as a logistics hub and a regional headquarters for multinational companies.

Finally, yet importantly, the brand with the utmost significance for us is Turkey itself. Our ultimate goal is to secure Turkey’s brand value at a well-deserved place with all our stakeholders. The Investment Office has an important message: Invest in Türkiye.

ACKNOWLEDGED BY INTERNATIONAL ORGANIZATIONS

How did the transformation in the Global Supply Chains (GVCs) accelerate with the pandemic? What are the effects of the GVCs transformation on Turkey’s investment climate?

Global value chains had been undergoing a gradual transformation long before the outbreak of the pandemic.The pandemic has further accelerated this trend, immediately disrupting production and supply chains and creating supply and demand shocks. Faced with such an extraordinary challenge, companies have been rethinking their global supply networks to increase their resilience. The quest for stability forces multinational companies to reconsider their geographic and sectoral activities to diversify and secure their supply networks. Turkey’s strong position as an attractive destination for relocation has also been highlighted in several recent analyses by international experts and institutions. Considering Turkey’s comparative advantages in manufacturing, skilled labor force, strategic location, free trade agreements, logistics infrastructure, and many other capabilities, Turkey is ideal for multinational companies looking for diversification for their supply chains.

24 Mart 2021 Çarşamba

Etiketler : English

DİLŞAH KEFLİOĞLU

President Recep Tayyip Erdoğan laid the foundation of Atatürk Cultural Center for its reconstruction project on 10 February 2019. The centre was opened after the completion of the project in 2.5 years.

The opera sphere in AKM’s entrance was built with 15 thousand unique handmade red ceramic tiles. The design of the building’s façade aimed maximum benefit from daylight, and a green roof system was applied with an environmental-friendly approach. The opera hall, named the grand hall, features a foyer with nearly 4 thousand 500 square meters and seats 2040 people. The pit in the lobby has sufficient size to host a massive orchestra of 118 people.

A MOVING STAGE

The stage mechanics and systems are built with the world’s leading technologies. They comprise a 65-meter stage depth, four main stage elevators, 13 compensator elevators in the side and backstages, and four mobile wagons that will remain above these. Besides, there is a rotating stage wagon in the main hall. All halls of AKM are furnished with top-level equipment in terms of acoustic, sound, lighting and displaying systems.

COMPRISES OF FIVE BLOCKS

AKM’s halls were designed acoustically, and the built orchestra shell offers an excellent sound quality in plays and concerts asa homage to original AKM’s ceramic artist Sadi Diren. The centre and the spiral staircase in the original centre’s foyer were restored to their original design. The centre comprises five blocks founded over a field of 30 thousand square meters, and AKM has an indoor space of 95 thousand square meters. The natural stone coating over the façade and internal venues of AKM draw attention.

A MODERN DESIGN

There are four basements with a total size of 48 thousand and 705 square meters, a stage, backstage rooms, foyer areas, workshop and storage areas, ballet practice lounges, practice rooms for soloists and orchestras, a recording studio, rehearsal rooms, art galleries and exhibition rooms and coffee shops. Furthermore, the rehearsal halls, recording studio, soloist and orchestra practice rooms were designed in a modern way acoustically.

DESCENDED FROM FATHER TO SON

Architect Hayati Tabanlıoğlu conducted the construction of AKM in 1956-1969, and it is one of the original premises of one of Taksim Square’s symbols. After the big fire in 1970, AKM opened again in 1977. The centre used to seat one thousand and three hundred people; however, it was transformed into a complex after the reconstruction by increasing its capacity and functions. Architect of the new AKM is the son of center’s original architect Hayati Tabanlıoğlu’s son, Murat Tabanlıoğlu.

A CULTURE STREET

As part of the AKM project, Culture Street includes an art gallery, movie theatre, restaurant, café, a book café, arts centre for children, a music platform, library, a design shop, and a multifunctional lounge.

Another significant aspect of the AKM project is that the centre gained a 24-hour living area to the neighbourhood with a connection from the Taksim Square to Istanbul Technical University’s Taşkışla Faculty and Atatürk Library. With the new centre, a second square will be formed in congress valley direction, where Atatürk Library and Istanbul Technical University remain.

22 Şubat 2022 Salı

Etiketler : English

HAMİT KARDAŞ

The postgraduate programs designed by the Istanbul Commerce University based on the requirements of the business realm offer career opportunities to international students wishing to come to Türkiye for education. There are postgraduate and PhD programs in the University for those wishing to upgrade their degrees. Expert academicians and special facilities carry out the postgraduate programs. Postgraduate courses are performed in five institutes within the body of COMMERCE.

INSTITUTE OF FINANCE

As Türkiye’s first institute in finance, this institute is structured with an integrated perspective by taking Istanbul’s private and public sector focused finance theory, management and policy, financial economy, and applied finance compatible with Istanbul’s aims to become a global finance centre into consideration. The institute offers four postgraduate and two PhD programs.

INSTITUTE OF COMMUNICATION SCIENCE AND INTERNET

The first institute focusing on the internet area, the Communication Science and Internet Institute, aims to develop the new theoretical perspectives and research methodology deemed lacking in the area, reveal interdisciplinary research forms, and improve data generation for its implementation in required areas. The institute offers PhD programs and thesis and non-thesis master programs.

FOREIGN TRADE INSTITUTE

With the privilege of being Türkiye’s first Foreign Trade Institute, this institute conducts practices and research on a sectoral basis towards the market and launching academic level postgraduate programs. Thesis and Non-Thesis Master programs are available in the institute. Moreover, PhD programs in two different areas are offered.

SOCIAL SCIENCES INSTITUTE

Social Sciences Institute is carrying out education and research activities with many programs prepared in line with the sector’s requirements. Doyens in the finance and real sector are among the institute’s academic staff.

INSTITUTE OF SCIENCE

Institute of Science offers postgraduate and PhD programs with eleven different programs. Urban Systems and Transport Management, Conservation and Restoration programs within the structure of this institute are the leading postgraduate programs in this area in Türkiye. The Cyber Security PhD program stands out as well.

For the postgraduate programs of the University: https://international.ticaret.edu.tr

MASTER’S DEGREE IN COMMERCIAL DIPLOMACY

Commercial Diplomacy Postgraduate Program is Türkiye’s first and only commercial diplomacy program. The program continues to accept applications. Commercial diplomacy is a vast area where negotiations in multiple aspects are carried out to solve disputes that hamper global trade. Joint solutions are generated, and international cooperation is developed through signing agreements on commerce and investment.

Commercial Diplomacy Department Head Assoc. Prof. Uğur Yasin Asal stated that through the postgraduate program, they aimed to train graduates who has in-depth knowledge of commercial diplomacy terminology, who can build intercultural communication,who attach importance to entrepreneurship and wish to enhance entrepreneurial skills and academic aspect of commerce as commercial diplomacy experts.

MOST PRESTIGIOUS GLOBAL EDUCATION INSTITUTION OF THE YEAR

Istanbul Commerce University was declared as the year’s most prestigious educational institution in the private education institutions category by The ONE Awards, one of the most exceptional standards in its area. For the seventh time, the award ceremony of the ONE Awards was executed with the cooperation of Marketing Türkiye and Akademetre Research and Strategic Planning. In addition to the brands increasing their prestige the most in the year, media, PR, advertising and digital marketing agencies that played a role in this success were awarded. Celebrating its 20th year of establishment, Istanbul Commerce University was awarded as the year’s most prestigious educational institution.

Istanbul Commerce University’s President Prof. Dr. Yücel Oğurlu mentioned that they were proud to receive the award and said, “The momentum gained by our University in the recent period is very pleasing. We will not be satisfied with this and work more to enhance the value of our University’s diplomas.”

THE HIGHEST OCCUPANCY RATE

Istanbul Commerce University achieved a hundred per cent success in this area by launching the online education system in the swiftest during the pandemic. The University remained in the educational institutions to achieve the highest occupancy rate among the foundation universities and filled 95.5% of its capacity this year.

400 ONLINE EVENTS

Istanbul Commerce University is among the most preferred universities for postgraduate degrees. The University carried out its social responsibility projects academic and cultural activities throughout the pandemic and held over 400 online events in the past year.

22 Şubat 2022 Salı

Etiketler : English