Turkish President Recep Tayyip Erdogan called on all investors to take advantage of the potential and opportunities that his country offers them.

This came during a speech, Saturday, when he participated in the inauguration of a number of service and development projects in the state of Adana, southern Turkey.

Erdogan said, «Anyone who trusts and invests in Turkey will not regret it, but on the contrary will be happy with the big profits that will be reaped.»

He added, «I invite all investors in our country and around the world to take advantage of the potential and opportunities that Turkey offers them.» According to Anadolu Agency.

He pointed out that today is witnessing the signing ceremony of one of the largest private sector investments in Turkey, which is the polypropylene production plant in the Ceyhan region of Adana.

He pointed out that laying the foundation stone for the petrochemical plant, and opening about 26 other projects in the state, are indications of Turkey’s determination to move towards its goals even in the most difficult circumstances.

He added that his government opened the Ceyhan Industrial Zone, which will include the new factory, in 2007, adding that, through the petrochemical plant, they aim to produce polypropylene, one of the materials most needed by the industry sector in Turkey.

He explained that the cost of the project is about $1.7 billion, adding that the private Turkish company based on the project had signed a partnership agreement with the Algerian Energy Company, to provide the raw material needed to produce polypropylene from it.

He added that the facility is planned to be completed in 2024, pointing out that it will cover about 20 percent of the polypropylene imported by Turkey, which will save about $250 million from the country’s current account deficit.

He added that with the opening of the factory, the chemical industry sector in Turkey, which is second only to the automobile industry in terms of revenues with a value of about $20 billion, will get rid of the foreign trade deficit.

Erdogan stressed that almost all developed countries, led by Europe, went to Turkey to meet their needs, adding that his country’s exports set a record every month.

He pointed out that factories in Turkey are constantly operating, and employment rates have reached a higher level than they were before the Corona epidemic.

He pointed out that the increase in the number of industrial zones in Turkey to 325 shows the continued appetite of the business world for investment and manufacturing.

He indicated that the Ceyhan Industrial Zone, when all investments are completed, will provide 83,000 additional job opportunities and contribute about $23 billion in foreign trade.

On the other hand, the Turkish President said that the whole world, especially the developed countries, is going through a period in which political, social and economic problems are on fire.

He added, «We are working to get our country out of this period with minimal damage, and even to achieve great gains in most areas.»

He stressed that the prices of energy, basic goods and services are witnessing a significant increase at the global level, adding, «We are protecting our citizens from this rise by raising their prices by a third or a fifth of global rates.»

He pointed out that Turkey had not experienced a fuel crisis like the United States and Britain, nor a crisis of queues in stores like Germany and France.