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Title: UKTI Master Presentation


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UK Trade Investment (UKTI)
3
UKTIs mission
1.Support UK companies to grow their business
through international trade 2.connect UK
business to the worlds top commercial
opportunities 3.attract high quality inward
investment to the UK and 4.establish
whole-of-government relationships with major
wealth creators to increase exports and
investment.
4
Business is Great Turkey
5
The Turkish Economy
Turkey is the world's 18th and Europes 7th
largest economy
According to HSBCs The World in 2050 report,
Turkey will be the worlds 12th and Europes 4th
biggest Economy by 2050. Turkey aims to be among
the worlds 10 largest economies by 2023, on the
100th anniversary of the foundation of the
Republic. In September 2010, the FTSE Group
promoted Turkey from secondary emerging status
to advanced emerging status.
6
The Turkish Economy cont.
  • Turkish GDP grew by 8.5 in 2011, making the
    country the fastest growing economy of Europe and
    OECD.
  • According to the OECD, Turkey is expected to be
    the fastest growing economy among OECD members
    during 2011-2017, with an annual average rate
    growth of 6.7.

Istanbul and Ankara are among the biggest cities
in the world in terms of GDP.
Turkey is one of the worlds biggest markets with
a population of 74 million and a labour force of
27 million.
7
Turkish Businesses and FDI
  • Turkish companies are becoming major players in
    the global market place.
  • There are currently 145,000 Turkish entrepreneurs
    operating in Europe, employing 627,000 people and
    running 63 billion worth of businesses.  
  • Starting a business in Turkey takes an average of
    6 days, compared to the world average of 30.6
    days and OECD average of 12 days.
  • FDI inflows to Turkey amounted to 15 billon by
    the end of 2011, showing a 75 rise in volume
    over the previous year.
  • Two-thirds of Turkeys overall FDI comes from the
    EU. (In 2011, three quarters of Turkeys overall
    FDI came from the EU.)

8
Turkeys Export Market
  • Turkey's export volume was 134bn in 2011, 21bn
    more than the amount registered for 2010.
  • As of the end of 2011, Turkey is the EUs sixth
    biggest trade partner. Turkey Turkey and EU
    exchanged 153bn worth of goods in 2011. In 2011,
    41 of Turkey's trade transactions were with the
    EU.
  • Turkey has been in the customs union with 27 EU
    countries since 1995 and has free trade
    agreements with 19 other countries.

9
Key factors about doing Business in Turkey
10
UKTI Services
11
UKTI Turkey priority sectors
  • Energy and Renewables
  • ICT and software
  • Financial and Professional services
  • Defence Technology and security
  • Infrastructure- Construction Design
  • Education

12
ICT Software
  • The Turkish Software sector is worth 600m as of
    2012 and is expected to grow
  • 13 annually until 2016, reaching 900m.
  • Challenges
  • Considerable upside potential but lack of credit
    limits
  • Turkish SMEs' willingness to spend on software
  • Illegal software still an issue
  • Opportunities
  • Cabot Communications Founded in 1993 and
    acquired by Vestel in 2001, Briston based Cabot
  • provides cutting edge digital TV solutions to
    Vestel.

13
Infrastructure- Construction Design
  • The Turkish Construction sector provides 50 of
    the economic output in Turkey and created 7 of
    all of the economys employment.
  • Challenges
  • Service related aspects, such as in sustainable
    construction related consultancy
  • Urban regeneration
  • Engineering and design
  • Opportunities
  • UK firms with expertise in creative and technical
    services with good networking skills will get a
    chance to take part in this high-growth area
  • Future outlook PPP projects will be more
    wide-spread and upgrading the existing
    infrastructure (motorways, railways, airports) as
    well as building new ones will be in the agenda.

14
Automotive
  • The Turkish Automotive sector operated with a
    total vehicle production of 1.2m with a 9
    increase in 2011 compared to 2010.
  • Challenges and Opportunities
  • Regional hub for automotive production sales
  • Base for electric-powered vehicles
  • Growth in RD
  • Design Technology Management
  • Engineering Consultancy
  • Future outlook
  • Annual production is expected to approach 2m in
    2015.

15
Aerospace and Airports
  • The Turkish Aerospace and Airports sector
    consists of 45 operational airports. Total annual
  • traffic figure is 45 million PAX.
  • Challenges and Opportunities
  • Airport Infrastructure Projects
  • 3rd Istanbul Airport announced
  • Future outlook
  • Air traffic growth at 10 pa, higher than EU
    average, Technical Services

16
Education and Skills
  • The Turkish Education sector consists of a
    population of 30million students in primary,
    secondary,
  • tertiary education
  • Population increase rate 2. Each year, 1.8
    million students graduate from
  • high school.
  • Challenges and Opportunities
  • Corporate Training
  • Business English
  • Continuous
  • Personal Development
  • Vocational Training
  • How we can help Customized market research,
    identifying opportunities and
  • contacts, building profile, organising events.

17
UKTI Turkey- Third Markets
  • A gateway to Central Asia and The Middle East
  • Challenges and Opportunities
  • Partnerships - The complimentarity of
  • strengths
  • Libya, Iraq and GCC- Infrastructure and
  • Services Sectors
  • Success Stories
  • Genel Enerji Vallares, Northern Iraq
  • Scott Wilson Makkah-Medina Railway
  • BP Shah Deniz (Azerbaijan) Regional
  • Gas Distribution

18
Other current UKTI Turkey priority projects
  • GREAT campaign high profile international
    campaign supported by GREAT British brands and
    personalities.
  • UK Export Finance re-launched and repositioned
    to better support exporters seeking secure
    financial solutions when trading internationally.
  • OpentoExport.com a community where companies
    can collaborate with service providers to help
    take their business overseas. Launch in October
    2012 powered by Hibu.
  • Sharepoint- collaborative space for file sharing
    within the Turkey network.

19
The UKTI team in Turkey
  • Based in three cities Ankara, Istanbul and
    Izmir, UKTI Turkey operates with a total team of
    21 professionals.

Our objective is to double trade between Turkey
and the UK by 2015.
20
The UKTI team in Turkey (2)
Istanbul and Ankara are among the biggest cities
in the world in terms of GDP.
Our aim is to double trade between UK and
Turkey by 2015.
21
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