Teknopark Istanbul, a defense and related-industry research and development hub, will generate nearly $10 billion for Turkey’s economy annually after its completion in eight to 10 years, the project’s business development chief has said.
“I think the annual contribution of Istanbul's Teknopark to Turkey’s economy will be around $10 billion when the project is completed,” Özgur Özçelik, the program’s business development director, told the Hürriyet Daily News over the weekend.
Teknopark Istanbul will operate a 750,000-square meter indoor space at Sabiha Gokçen Airport, east of Istanbul, accommodating more than 30,000 personnel and targeting $10 billion in defense and non-defense business annually, to become one of Europe’s largest technology parks, similar to Silicon Valley.
Its major shareholders are the Undersecretariat for Defense Industries (SSM), with a 45 percent stake, and the Istanbul Chamber of Commerce (İTO), with a 40 percent stake. Construction work began late last year, when Science, Industry and Technology Minister Nihat Ergün and SSM Chief Murad Bayar laid its foundation.
“The site will bring together companies and many universities in Istanbul, targeting strategic fields like aviation, maritime, electronics, information technology, nanotechnology, energy and automotive, biotechnologies, automation systems and robot technologies,” said Turgut Şenol, the CEO of the technology center. Some of the world’s technology giants are already in talks with Teknopark Istanbul to build their own offices there, he said.
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