Türkiye

Türkiye

Introduced $30 billion incentive package for high-tech and green investment

26 Jul 2024

On 26 July 2024, the Government of Türkiye announced the launch of the HIT-30 (High Tech Turkiye Investment Incentive Programme), a $30 billion investment incentive program aimed at supporting companies in the high-tech sector. The programme will provide tax exemptions, subsidies, and other benefits for investment in targeted sectors, including facilitation services on employment and access to land. Beneficiary sectors and activities include electric vehicles, batteries, chips, solar and wind energy, and research and development (R&D).