According to the amendment on government support for
investments published in
Turkey's Official Gazette,
automotive production
investments of at least TRY 300 million ($170 million) will benefit from ‘fifth region' status which offers the highest incentives.
Additionally,
investments of at least TRY 75 million ($42.4 million) related to
automotive engines and
investments of at least TRY 20 million ($11.3 million) related to engine components and
automotive electronics will also benefit from the same incentives.
Automotive industry
investments which previously fell under the scope of first and second region incentives are expected to increase after the latest amendments.
Turkey's economy minister Zafer Caglayan said that the
automotive industry has promised to make
investments totaling TRY 12.3 billion ($7 billion).