Investors Line Up For Future Industrial Base On The Black Sea Coast

Lizbon Büyükelçiliği 03.05.2010
Foreign and domestic companies show keen interest in the Filyos Project, which is set to transform the Caycuma district of Zonguldak on the Black Sea coast of Turkey into an industrial base in a few years. The soon-to-be-completed Filyos Project consists of four industrial zones and a port, focusing on industries such as iron-steel, construction, shipbuilding, furniture, energy and logistics. Developed under the supervision of the Investment Support and Promotion Agency of Turkey (ISPAT), the Filyos Project has entered its final phase with the necessary nationalization being completed for five kilometers of land and port construction ready to go on tender in a few months.

The project has already aroused considerable interest among both foreign and domestic companies and 16 potential investors, four of them being foreign, have already reserved a place in the applicants list. “We expect billions of dollars of investments and the creation of thousands of jobs”, said ISPAT’s President Alpaslan Korkmaz adding that the groundbreaking ceremonies should start by next year. “This is an enormous contribution to the economy and, based on the number of applicant companies up until now, proposed investments have already reached USD 10 billion”, noted Korkmaz.

Investors line up for future industrial base on the Black Sea coast

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