Investors lining up to invest in city of Mardin

MARDİN - Anatolia News Agency

Mardin is attracting investors due to the government’s new incentive scheme.

Thanks to the Turkish government’s new incentive scheme, both domestic and foreign investors are lining up to invest in the southeastern city of Mardin, Dicle Development Agency General-Secretary Dr. Tabib Gülbay said, speaking at a press conference on Sept. 14.

Mardin, which falls in the Sixth Organized Zone under the incentive plan, offers the most advantages to investors, and as a result they are racing to receive incentive documents, said Gülbay, adding that the incentive scheme is no hoax and provides investors with tax breaks. However, in order for investors to receive the most benefit from the government’s new incentive scheme, it is imperative that the Second Organized Industrial Zone be completed as soon as possible, Gülbay said.

“In July the largest incentive document issued was for 100 million Turkish Liras. With this incentive, the investor will build a five-star hotel and employ 315 people,” Gülbay said. Many popular Turkish brands want to invest in Mardin, he said.

“The biggest obstacle facing investors is power outages and disruptions. However, the Organized Industrial Zone plans to make a 50 million-lira investment in renewable energy. Mardin has both wind and solar power potential, which it could use to address the power shortages,” he said.