The Turkish government has announced the details of a new project-based $34 billion package. The package supports production in defemce, energy, healthcare, manufacturing, petrochemicals.
İsmail Demir, Undersecretary for Turkish Defence Industries (SSM), said that programmes covered by the new funding include the Turkish Fighter – Experimental (TF-X) project, the development of laser weapon systems, wheeled and tracked armoured vehicles, unmanned armoured vehicles, as well as steel, aluminium, and batteries.
TRY 7.7 billion will go to various Turkish defence industry projects that are intended to help manufacture high technology value-added products.
Turkish Aerospace Industries Inc. (TAI) has rolled up its sleeves to produce Turkey’s national fighter jet, the TF-X. The fifth-generation fighter jet, one of the country’s largest design projects announced by President Recep Tayyip Erdoğan, will be realized within a project-based incentive system. Preliminary design activities received a TRY 4.8 billion ($1.16 billion) incentive certificate under the incentive program. The project will employ 3,200 people, with an indirect employment contribution estimated to be around 11,200
BMC, an armored vehicle maker, will invest TRY 429 million pounds for the production of various armored vehicles.BMC, which is also assertive in producing diesel engines, will invest TRY 507 million for various power diesel engine production.