Ispartakule-Çerkezköy Railway Project

June 2023 The project aims to increase passenger and freight capacity, safety and speed of rail transport between Turkey and the European Union via the construction of a high-speed rail between Ispartakule and Çerkezköy. The project is a part of the new high-speed railway (the Halkalı - Kapıkule railway line) between Istanbul and Kapıkule near the Bulgarian border. The Halkalı - Kapıkule railway line will connect Turkey’s railway network with the Trans European Transport Network through Bulgaria and will, therefore, set a milestone for the railway connectivity between Turkey and the European…

Battery Development and Production Factory

June 2023 In June 2023, Ulu Motor, a subsidiary of Ulubaşlar Group which is a leading company in the automotive sector in Turkey, has signed an agreement with Chinese electric vehicle manufacturer, Skywell, on the opening of a battery development and production factory in Turkey. Initially, the factory will serve as the battery production factory for Skywell cars. There are further plans to establish a vehicle production line and spare part supply system and manufacture of vehicle parts. In accordance with the agreement, the factory’s construction is expected to be completed in the first quarter…

Subway Investments

June 2023 The Istanbul Metropolitan Municipality and Metro Istanbul have announced that there are seven metro lines including line extensions to be constructed. These are as follows: Göztepe-Ümraniye Metro Line is currently under construction and expected to be opened in 2024 Kirazlı-Halkalı Metro Line Extension is currently under construction and expected to be opened in 2024 Kirazlı-Bakırköy IDO Metro Line Extension project will commence in 2024 and is expected to be completed in 2025 Tavşantepe-Tuzla Metro Line Extension is currently under construction and expected to be opened…

Karamürsel Wind Power Plant Project

June 2023 Ortadoğu Energy (Ortadoğu Enerji Petrol Mühendislik İnşaat Sanayi ve Ticaret Ltd. Şti.) and Ruzen Energy (Ruzen Elektrik Üretim ve Tic. Ltd. Şti.) are developing a wind power plant project located between Kocaeli and Bursa. The expected project cost is USD 46.8 million. The project is currently fully owned by Ortadoğu Energy. Nordex will be the turbine supplier for the project, and it is expected to provide 12 units of N100 turbines, each with a 2.5 MW capacity. The project is expected to get commissioned in 2023.

Alaşehir-2 Geothermal Power Plant Project

June 2023 Zorlu Geothermal Energy (Zorlu Jeotermal Enerji Elektrik Üretimi A.Ş.), a Zorlu Energy (one of the biggest players in Turkey’s energy sector) company that operates the 45 MW Alaşehir Geothermal Power Plant in Manisa's Alaşehir district, is preparing to build another geothermal power plant (GPP). Zorlu Geothermal Energy will build and operate the Alkan-II GPP with an installed capacity of 10 MW in Alaşehir, Manisa. The power plant will meet the annual electricity needs of 20,000 people. The project value is estimated around TRY 481 million (EUR 19.4 million). The power plant is…

Ford Otosan Investment

June 2023 In 2021, Ford Otosan has announced that an investment of EUR 2 billion will be made within the scope of the Kocaeli factories’ transformation, which are among Europe's largest commercial vehicle production bases, to produce electric cars. In February 2023, it is announced that a total investment of EUR 1.39 billion is planned to be made in the next five years. Within the strategic partnership between Ford and Volkswagen, Ford Otosan will produce the new generation of Volkswagen commercial vehicles model 1-ton in Turkey. With the investment, the Kocaeli factories aim to become Turkey’s…

Protocol between OSBÜK and Esarj on Electric Charging Stations

May 2023 In May 2023, Eşarj (Eşarj Elektrikli Araçlar Şarj Sistemleri A.Ş.), the electric charging station network, the majority of which is owned by Enerjisa Enerji A.Ş (one of the main companies in Turkish energy sector), and the Organized Industrial Zones Supreme Organization (OSBÜK) signed a cooperation protocol on the establishment of fast charging stations in organized industrial zones. The protocol currently involves 272 organized industrial zones throughout Turkey. There is no available information on the commencement date of the electric charging stations’ installation.

Alarko to Invest USD 650 Million in Agriculture and Food Sector

May 2023 Alarko Holding, one of the biggest players in contracting, energy, industry, tourism, land development and venture capital market sectors in Turkey, announced that it plans to invest USD 650 million in agriculture and food projects. Accordingly, as part of its 2030 targets, the company decided to invest in the agriculture and food sector focusing primarily on assisted greenhouse cultivation, open field agriculture, organomineral fertilization, food processing and sales as well as agricultural R&D technology. Alarko Holding aims to employ 4000 people with an investment of USD 650…

Kanal Istanbul

“Kanal Istanbul” is one of Turkish mega infrastructural projects.

Akkuyu Nuclear Power Plant

Akkuyu Nuclear Power Plant in Mersin is expected to become a major energy resource for Turkey.

Turkey’s First Locally Produced Car

April 2023 In 2020, after years of waiting, the features and design of the car were introduced, which will be produced locally in Turkey. The construction of TOGG’s (brand name of Turkey’s first locally produced car) factory in Bursa with an investment cost of TRY 22 billion (EUR 934 million) has been completed and the factory commenced its operations on the Republic Day of Turkey, October 29, 2022. There are currently around 1,500 employees at the factory. It is expected that approximately 4000 more people will be employed at the factory in the future. A total of five models will be produced…

First Boron Carbide Production Facility

March 2023 The construction of a production facility for boron processing is completed and the factory commenced its operations on 19 March 2023. The project holds of great economic importance for Türkiye since it has 73% of the world's boron reserves which puts Türkiye as the world's number one country holding the biggest boron reserves. President Recep Tayyip Erdoğan stated that the boron carbide production facility, which represents an investment of USD 80 million is set to become the world's first facility of its kind. Also as announced by Erdoğan, they will turn 694 million tons of rare…