Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result

Construction of high-tech valley with 5,000 R&D companies begins in Kocaeli

byCustoms Today Report
27/05/2015
in Uncategorized
Share on FacebookShare on Twitter

ANKARA: Foundation of high-tech valley was laid to become a town with 5,000 research and development (R&D) companies and 100,000 employees, with a ceremony attended by Science, Industry and Technology Minister Fikri Işık.

High-tech valley, which is being established to increase Turkey’s competitive power in the field of global innovation and information technologies, is being constructed on 740 acres in Kocaeli’s Gebze district. $50 billion in annual turnover is expected from the project. The purpose of the town will be to transform information into technology, and technology will be transformed into production.

You might also like

Zong & Zindigi launch Z-Wallet, bringing embedded banking to millions of My Zong App users

17/08/2026

Bilal Azhar Kayani reaffirms government’s commitment to cashless economy

17/08/2026

High-tech valley will include 309 acres for R&D activities where academics, industrialists, entrepreneurs, ideas, logic and hard work will come together. Not only information firms, but also all R&D firms that want to continue their manufacturing activities based on information technologies, will also take their place in the town along with international innovation and technology transfer centers and prototype (Fab-Lab) and test workshops, creating a strong synergy.

Around 5,000 R&D companies will be located in the town along with recreational and sports areas and education and social facilities with a capacity of 100,000 people, offering a rich social and living environment for both employers and employees alike.

The region, with around 87 out of the 500 biggest industrial organizations in Turkey, 37 organized industry zones, 14 universities and centers of the Scientific and Technological Research Council of Turkey (TÜBİTAK) and Turkish Standards Institution (TSE), are located, will be an attraction center for information technologies.

Further, at only a three-and-a-half hour flight and $25 trillion market volume, the region will reach a population of around 1.5 billion and will be an important logistic location including airports, high-speed train routes, highway connections and transit to the Gulf. Cooperation will be established with national and international universities to turn the town into an education center in addition to hosting the first thematic information center.

Tags: construction

Related Stories

Zong & Zindigi launch Z-Wallet, bringing embedded banking to millions of My Zong App users

byCT Report
17/08/2026

ISLAMABAD: Zong, Pakistan’s leading technology services enterprise, has partnered with Zindigi, powered by JS Bank, to launch Z-Wallet, bringing regulated...

Bilal Azhar Kayani reaffirms government’s commitment to cashless economy

byCT Report
17/08/2026

ISLAMABAD: Minister of State for Railways and Finance Bilal Azhar Kayani, reaffirmed the Government of Pakistan’s commitment to advancing a...

Pakistan opens humanitarian lifeline, allows 724 relief trucks into Afghanistan

byCT Report
17/08/2026

ISLAMABAD: Pakistan has allowed 724 truckloads of humanitarian relief cargo to cross into Afghanistan through the Torkham border crossing in...

Sales tax chaos: Hybrid vehicle makers halt production

byCT Report
17/08/2026

ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has demanded an immediate rollback of the sales tax...

Next Post

Germany spends 8.1b euros on crude oil import in first 3 months of 2015

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.