Turkey is establishing a new biotechnology valley in the Tuzla district of Istanbul, with the foundation of the project set to be laid within six months. The TL 12 billion project will contribute to the production of pharmaceuticals and high-value export materials and provide jobs for 30,000 people.
Targeting domestic and national production in all sectors, from the automobile to the defense industry, Turkey decided to invest TL 12 billion in biotechnology, which is considered the industry of the future.
While the average price of exports in Turkey is $1.5 per kilogram, the price of biotechnological products ranges between $10,000 and $600,000 per kilogram. The Biotechnology Valley, to be built on an area of 3 million square meters in Tuzla, will include 160 factories and will start production after two years and attract investors from many countries, such as Singapore, which is advanced in this field.
Source: Daily Sabah