Turkey to become global production, tech hub, says Erdoğan

Turkey is determined to become a global production and technology hub, Turkish President Recep Tayyip Erdoğan said on Saturday. 

“We are committed to making Turkey, the centre of three continents, a global production, and technology centre, whether some people like it or not,” state-run Anadolu news agency cited Erdoğan as saying at the opening ceremony of the MESS Technology Centre in Istanbul.

Turkey currently has 85 technology parks and 1,607 research and design centres, and is inching closer toward its goal of developing ground-breaking technologies, the president said. A technology park is an area that accommodates and fosters the growth of tech developments and innovations by tenant companies.

Turkish companies produce high-quality products at competitive price, which have proven themselves “with their reliability” during the coronavirus pandemic, Erdoğan said.

He also said Turkey was the “leader in agricultural output in all of Europe” and became the 13th largest economy in the world during his 18 years in power.

The president’s remarks arrive as the Turkish lira sank to a record low of 7.41 per dollar this week, extending losses this year to almost 20 percent. 

Consumer confidence in the country has fallen to record lows during the COVID-19 pandemic, which broke out in mid-March, despite government stimulus that has fuelled demand for loans and barred companies from laying off workers.