Turkiye Positioned To Become Tech, Investment Hub Amid Global Shifts

Turkiye is positioned to become a technology and investment hub attracting foreign capital, as regional and global economic developments are driving a shift in that direction, according to a council chair at a major Turkish business body on Monday.

“On the route of foreign capital, Türkiye is in a position to become a natural technology and investment base. For Istanbul to turn into a finance and technology center, the public and private sectors need to act together,” said Erdem Erkul, the head of the Digital Technologies Business Council at Foreign Economic Relations Board (DEIK).“With joint investment models and new generation fund structures, Turkiye can attract this capital,” he told Anadolu Agency.In the statement, he pointed out that on a global scale, capital, entrepreneurs, and technological infrastructure are rapidly relocating.Explaining that the critical situation created, especially in the US, Europe, and the Gulf line, has led to a new economic equation, Erkul said that this contains both risks and new opportunities for countries involved in global competition.

Moreover, he emphasized that competition now occurs not only between companies but also between cities, countries, and ecosystems. He noted that due to recent accelerated geopolitical fractures, changes in global trade balances, and the effects of the new artificial intelligence-centered economic order, Türkiye’s position needs to be redefined.He went on to say that Türkiye is in a process not only as a country that regulates but also as a center attracting more entrepreneurs, gathering capital, and producing technology.

“Whoever enables company establishment faster, provides a stronger digital infrastructure, and gives more confidence to entrepreneurs is the winner,” he maintained.In this context, Erkul opined that it is “important” for Türkiye to simplify its entrepreneurship and technology policies.

“From company establishment to the tax system, from the investment environment to the international legal infrastructure, a new approach has become obligatory in manyareas.