Turkey has introduced a revised investment incentive system aimed at strengthening its steel industry. The updated framework, effective from May 31, 2025, provides targeted support for modernization, environmental initiatives, and high-tech production.
The new system categorizes investments into five main areas, including technology-driven projects, local development initiatives, and strategic investments. Key incentives include VAT exemptions, customs duty reductions, tax benefits, and financing support.
Priority investments focus on green transformation, with subsidies for renewable energy projects and emission reduction efforts. Large-scale projects integrating advanced technology and sustainable practices qualify for additional incentives.
Industry analysts expect the updated system to enhance Turkey’s steel sector competitiveness while aligning with global sustainability goals.
