General Electric interested in Turkey

Turkey's new incentive package geared towards drawing strategic and large-scale investments to the country is beginning to pay off as American industrial conglomerate General Electric (GE) signals new investments in Turkey in a variety of fields, as daily Hurriyet reported. GE's President and CEO of the Middle East, North Africa & Turkey region and country head Kursat Ozkan, laid out investment plans in a meeting with Minister of Science, Industry and Technology, Nihat Ergun, last week that include investments in the energy, healthcare, aerospace and transportation sectors. ''GE is interested in increasing its investments in Turkey and intends to focus on energy, locomotives, medical devices and aircraft engines'', Ergun said about the meeting with GE executives. ''Setting up a research and development center is also on the table'', he noted, adding that the new incentive package was instrumental in the company's decision to increase its investments in Turkey. GE's healthcare unit is headquartered in Turkey and the company has operations in the energy, aerospace, transportation and banking sectors in the country.