Turkey’s largest ‘silicon valley’ to open in 2012

Teknopark Istanbul, the 'silicon valley' of Turkey.

The largest information technology (IT) complex in Turkey, dubbed Teknopark Istanbul, is set to open next year on the Asian side of the country’s economic capitol Istanbul.

Supported by Turkey’s powerful Undersecretariat of Defence Industries (SSM) and Istanbul Chamber of Commerce (ITO), the humongous 2.5 million square meter complex will host over 1,000 companies and research institutes operating in the information technology, advanced electronics, software, sensors, data security and related fields.

Teknopark Istanbul will create over 30,000 jobs for Turkey’s most qualified people in the information technology industry, and eventually generate an annual revenue of $7 billion, following a planned 15-year exponsion period with a net cost of $2 billion.

7 of Turkey’s select universities have already signed up to cooperate with the complex with anohter 44 from around the world waiting in line for the openning in 2012.

Teknopark Istanbul is expected to be at the forefront of technological development in Turkey and function as the country’s ‘silicon valley’, providing cutting edge solutions to Turkey’s growing industrial needs.

TR Defence