Turkey to award $34bln in incentives to corporate projects- economy ministry

The 23 projects will create 35,000 jobs and contribute $19 billion to the current account, it also said.

Nevzat Devranoglu, Reuters News

April 9, 2018

ISTANBUL- Turkey will award a total of 137.4 billion lira ($34 billion) in incentives to projects by companies including Vestel VESTL.IS , Tosyali, Metcap and Sasa SASA.IS , the economy ministry said on Monday.

The 23 projects will create 35,000 jobs and contribute $19 billion to the current account, it also said.

($1 = 4.0658 liras)

(Reporting by Nevzat Devranoglu Writing by Ali Kucukgocmen Editing by David Dolan) ((ali.kucukgocmen@thomsonreuters.com; Reuters Messaging: Reuters Messaging: ali.kucukgocmen.thomsonreuters.com@reuters.net))