The Top Industries for Business Opportunities in Turkey

The Top Industries for Business Opportunities in Turkey

Whether you’ve lived in Turkey for your whole life, or you’re a business owner looking to invest in an area with lots of potential, you might be considering setting up a company here for any number of reasons – 2021 was a fantastic year for the Turkish economy, with GDP up by an incredible 10.99%, and the recognition of Turkey as an emerging market has led to further external investment in the country. This has identified some key areas in which there is the potential for high levels of economic growth. In this article, we’ll be discussing the top industries for business opportunity in Turkey in 2022.

Automotive

In 2020, the number of vehicles registered yearly in Turkey rose by 55%, and thanks to the growing number of people in the country who are buying new cars, there has never been a better time to get into the automotive industry. From the increasing number of salesperson careers to the push to build more factories, you can find a range of business opportunities in the automotive space in Turkey.

Farming

It might come as a surprise to find that one of the biggest business opportunities in Turkey right now is actually farming, due to the fact that 80% of the world’s hazelnut production comes from the country. By farming hazelnuts, you can establish a business that provides security for your family, and while there are still some challenges faced by hazelnut farmers in Turkey, such as grey mold, there are plenty of ways that you can overcome these to run a profitable business.

Mining

Turkey is home to some of the world’s most incredible marble mountain ranges, due to the ocean that surrounds the country on three sides. Within these mountains you can find a range of natural stones, including granite, slate and onyx, making mining a lucrative industry to get into as an entrepreneur. Whether you set up a mining business yourself, or you invest into established companies, you can be certain that mining is a great area to get involved with in 2022 and beyond.

Sustainable Construction

Despite the construction industry growing at a rapid rate in Turkey, there is a distinct gap in the market for property developers who build using sustainable materials. By seizing the opportunity to fill this gap, you can set up a successful business in the construction industry that will be profitable for years to come. What’s more, Turkey’s infrastructure is set up to support business owners who work remotely, meaning that whether you’re working from an office block or you’re out on the road, you can use a Business Tablet that can keep up with the demands of running your business, without the risk of losing your internet connection.

Turkey is a diverse country that offers a whole host of opportunities for entrepreneurs. By breaking into one of the industries we’ve discussed, you can cement your position as a successful business owner in the country and set up a long-lasting company. Whether it’s hazelnut farming or sustainable construction, Turkey is the place for you!