Why Türkiye
Türkiye, a dynamic and rapidly growing market characterized by its favourable demographics and scalable industries, has increasingly established itself as a prominent regional hub for various manufacturing processes and comprehensive services.
Since the year 2020, a remarkable number of Unicorns, which are privately-held start-up companies valued at over a billion dollars, along with 2 Decacorns, have notably emerged in the business landscape.
These developments are particularly evident in sectors such as retail and gaming, with the fintech sector also expected to join this impressive lineup in the near future. This remarkable growth can be attributed to the deeply embedded entrepreneurial culture within the country, which is further supported by a recently promoted environment that encourages angel investors and venture capital (VC) investing.
This burgeoning ecosystem is fostering innovation and facilitating the rise of new enterprises.
There are 7 reasons why Türkiye stands out;
Large Market
One of the largest economies in the world – a G20 Member with a GDP of 1.3 trillion USD(PPP basis of 3.28 Trillion USD)
Strategic Location
Ability to reach 1 Bn people within 4 hour flight & working hours intersecting with 16 time zones
Excellent Demographics
86.2 Mio population, 50% under 34.4 years old, 77% Urbanization, 24 cities with more than 1 Mio Pop.
Growth Oriented Market
Largest economy in Eastern Mediterranean, chalking up annual GDP growth around 4.7% since 2000
Trading Nation
With nearly $606 Bn of imports and exports each year, – Türkiye accounts for 1% of world trade and is becoming a regional trading hub
No Debt Problem
The ratios of public and household debt to GDP are respectively 26% and 11%
Scaleable Corporates
Combination of 3G Corporations and innovative SMEs. Vibrant Angel investment scene and seberal Unicorns/Decacorns since 2020