Wednesday, July 24, 2024
Turkish government to invest €19b in upgrading infrastructure

Turkish government to invest €19b in upgrading infrastructure

The Turkish government will invest €19 billion in upgrading infrastructure having set itself the goal of advancing from 34th to 15th on the World Bank’s Logistics Performance Index (LPI).

The Turkish economy has recovered from the slump in 2016 thanks to growth in foreign trade, with the Turkish logistics sector feeling the effects with increases in turnover of 15-20 per cent and investments to upgrade warehousing and transport capacity.

Germany Trade and Invest overseas worker at the Istanbul office, Necip Bagoglu says: “About 650,000 square metres of new warehouse space are due to be created this year, particularly in the trade centres of Istanbul and Kocaeli, and this figure will increase to approximately 11 million square metres by the end of 2019. As a result, this region will play an important role for logistics projects in future too.”

The 12th logitrans trade fair will give attendees the opportunity to network with important players in the logistics sector in the Eurasian region and growth in the local market on 14-16 November 2018.

Messe Muenchen member of the management team, Gerhard Gerritzen says that the Turkish government’s announcement that it wants to move up the LPI sends out a clear signal.

He says: “Being present locally is more important than ever. The logitrans trade fair has developed over the years to become an important institution for establishing business relations between companies based in Turkey, Europe and the Middle East. This is also evident from the increasing numbers of visitors.”

More than 150 exhibitors from 24 different companies and 13,700 participants from more than 50 nations attended the logitrans trade fair last year.


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