Dünya – Poised to become a global logistics center within the next 10 years, Turkey is increasingly picked by global logistics companies that seek the ideal location to manage their operations in Europe, Middle East, Central Asia and North Africa.
Turkey is expected to be among the fastest growing markets, according to Jones Lang LaSalle’s (JLL) European Logistics and Industrial Sentiment Survey. “A large number of global companies plan to set up their regional hubs in Istanbul in parallel with Turkey’s 2023 targets”, according to Avi Alkas, the head of JLL Turkey, commenting on the report.
The survey predicts a growth rate of the vital sector is forecast to hit 48 percent in the next 5 years, with Turkey’s most industrialized cities of Istanbul and Kocaeli being favored by foreign investors. The country has set high goals with the target date to be its centennial in 2023, including reaching an export volume of USD 500 billion, a GDP of 2 trillion, and becoming a global logistics hub.