Turkey: Greenhouse Expansion to Boost Agricultural Investment

Turkey: Greenhouse Expansion to Boost Agricultural Investment

 

Turkey plans to drill new geothermal wells this year to boost greenhouse production to further increase agricultural exports to meet growing demand from EU countries.  After significant investment by the Turkish government into irrigation and infrastructure, Turkey’s agricultural sector has experienced steady growth over the past three years, and in the first 10 months of 2012 FDI has reached $2.1 billion up from $14 million in 2002.  This year Turkey plans to drill enough new geothermal wells in Sanliurfa to provide investment opportunities in 1500 greenhouses.  In the past two years Holland, Dubai and Kuwait have expressed interest in investing in greenhouse production of fruit and vegetables in Turkey but there wasn’t the geothermal capacity.  The Turkish government has set its agricultural sector a two-fold goal of raising its GDP contribution to $150 billion and increasing exports to $40 billion in the next decade.

 

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