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Bilateral Business Meetings with Foreign Customers Create Favorable Growth of Turkish Companies and Introduction to Global Markets

Nurettin ÖZDEBİR - Chairman, Ankara Chamber of Industry

Issue 86

We all know that Turkey’s geographic located is challenging. Turkey will be able to survive in this region not only with its economy but also with its army and defence industry. The fact that a vast majority of the equipment used in the last Afrin operation was composed of national and domestic systems have demonstrated to us once again  how important  this field is. 

The production volume of the defence industry, which was US$ 1.3 billion in 2002, has reached an annual level of more than US$ 6 billion. The export volume of US$ 248 million reached US$ 1.8 billion. The rate of meeting requirements domestically increased from 20 percent to 60 percent. The number of projects in the defence industry in 2018 has reached 600. With the annual level of US$ 1.25 billion in R&D spending, the defence industry has become a sector that makes the highest R&D and technology investment in Turkey.