Çağlar said Symex International Holding, a subsidiary of the Kuwait-based Al Sayer Group, a conglomerate with investments in various sectors in 17 countries, is building a factory in the Aksaray OSB, the Anatolia news agency reported.
Speaking about the factory, Çağlar stated: “They will finish construction on the factory in two months and will produce vehicle cement mixers. We’ve allocate them 40,000 square meters in the OSB. The mixers produced here will be sold domestically and internationally to Arab countries, especially Kuwait. They plan to produce 960 mixers per year.”
Noting that Aksaray is foremost amongst the provinces that have benefited from incentive law no. 5084, an incentive program that provides tax exemptions and free land allocations within OSBs, Çağlar explained that the number of factories in the OSB has increased from 22 to 108.
Speaking on the attractiveness of Aksaray as a destination for investments, Çağlar emphasized that domestic and international firms continue to invest in the Aksaray OSB: “Due to a Mercedes-Benz truck factory in Aksaray, German firms have taken advantage of the OSB and formed factories producing for Mercedes.”
Çağlar pointed to opportunities available in the Aksaray OSB and stated that Aksaray is in an ideal center for trade with the Middle East due to the incentives available. “Plots of land are free for firms willing to invest. They are completely exempt from social security contributions, and are exempt from 80 percent of corporate and income taxes. Government-supported lending and discounted valued-added taxes are also available.”
Çağlar added that the crisis did not affect the attractiveness of the Aksaray OSB and highlighted that out of the 16 new land allocations in 2009, 15 had already begun construction on factories.
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