President Recep Tayyip Erdoğan launched the High Technology Investment Program (HIT-30), committing USD 30 billion in incentives to establish Türkiye as a global leader in high technology.
The HIT-30 program targets key sectors such as electric vehicles, battery production, semiconductor manufacturing, and energy technology. President Erdoğan reiterated Türkiye's commitment to supporting critical technologies that will strengthen the Türkiye 's economic and technological independence.
During the unveiling ceremony, President Erdoğan emphasized Türkiye's ambition to become a regional hub for battery production, offering a USD 4.5 billion incentive package to attract international investors.
In the automotive sector, the program introduces a USD 5 billion incentive package aimed at increasing Türkiye's production capacity to at least 1 million units annually. "We have created opportunities for global automotive companies and major vehicle manufacturers to invest in Türkiye's electric vehicle sector," President Erdoğan stated.
Additionally, the program includes grants of up to USD 8,000 per megawatt for cell investments to establish a 15-gigawatt capacity in solar energy.
During his speech, President Erdoğan highlighted the goal to attract USD 20 billion in private sector investments to enhance Türkiye's economic and technological independence further. Türkiye is dedicated to providing substantial grants and tax incentives to drive high-tech investments, strengthening the nation's industrial and economic landscape.
President Erdoğan said the recent data on the Turkish economy showed "we are on the right path."
"The Turkish economy is undergoing a multifaceted transformation. Confidence in Türkiye and the Turkish economy is rising. We are taking the necessary steps to improve our investment environment," President Erdoğan noted .
President Erdoğan also announced Türkiye's "Foreign Direct Investment (FDI) Strategy (2024-2028)" crafted by Investment Office. President Erdoğan stated, "We will witness a significant revival in foreign direct investments in the coming period. Our goal is to make the Türkiye Century also the century of investment. The FDI we have prepared will soon be implemented."
President Erdoğan mentioned the Advance Loans Against Investment Commitment, offering TRY 300 billion in favorable financing conditions for technological and strategic investments over three years. To date, applications have been submitted for 238 projects, with a total investment size reaching TRY 1 trillion 258 billion.