Turkey Vision 2023 is The Strategic Planning Document to Make Turkey a Major World Power. It Capitalizes on Turkey’s Strengths, Opportunities, Potentials, and Faces up to its Challenges by Leveraging Private-Sector Resources. It’s Really the Roadmap, to Modernize Turkey and Be a Global Power.
Since 2002, Turkey’s exponential GDP growth rate has averaged 5% annually. This is higher than other economies that have been supported by structural reforms and entry to the European Union. Airline resources will be directed towards benefiting from changes resulting from international climate agreements for a Better Turkey Future.
The Turkish government is expected to continue its economic reforms. These reforms will encourage entrepreneurs who can create new businesses.
Turkey vision 2023 is a strategic plan to modernize Turkey. The Turkey 2023 strategy is a comprehensive roadmap for Turkey towards European integration, economic modernization, and sustainability.
It is a Plan to modernize Turkey Potentials in 2023 with a 5% GDP growth and $40,000 GDP per capita.
Basics of Turkey vision 2023:
This strategic plan for development was formulated by Mr. Recep Tayyip Erdogan following an extensive cabinet meeting held under his leadership on January 23, 2011.
In order to realize their goals for the development of Turkey, they need to change existing policies and institutions so that they serve the people instead of an economy controlled by a few people or big business organizations. They need to increase cooperation among different levels of government, civil society, businesses, educational institutions, and other organizations. It is expected to build coal-fired power facilities with an installed capacity of 18.500 MW in coal-producing areas. Also, an increase in the amount of wind energy produced to 20.000 MW (up from 1.694 MW) will be achieved in 2023. Likewise, Turkey will become one of the top five agriculturally productive nations in the world, with an irrigable land area of 8.5 million hectares.
In the past decades, Turkey has been moving steadily toward an industrialized and efficient society. Their long-term goal is to transform Their society from an agricultural to an industrial one through sustained and responsible reforms. Their country is well-placed to take advantage of new technologies, and if our reform efforts are successful, our societies might experience a development similar to that in many other developed countries.
Success Possibilities:
The Turkey vision 2023 Economy Growth Plan is ambitious but not unrealistic. The latest national statistics show that, at the current pace, the Turkish economy will expand by around 6% per year between now and 2020 – just in time for an eagerly-anticipated EU accession set to begin in July 2013. Economic reforms introduced since 2003 have had a strong stimulative effect on growth. That should continue, along with the continued implementation of structural reforms recommended by the advisory body to have a Great Turkey future.
The plan is ambitious but achievable. The latest national statistics show that, if progress continues at the same pace, the Turkish economy will expand by around 6% per year between now and 2020 – a great opportunity for it to begin accession talks with the EU in 2013.
A country rich in history, culture, and a young demographic, Turkey is ready for significant growth. Its strategic location gives it an edge to grow as a technology hub. To achieve this vision, Turkey vision plans to create an inclusive and sustainable economy with 5% GDP growth and $40,000 GDP per capita by 2023.
Turkey’s macroeconomic performance has been impressive, averaging real GDP growth of 7 % over the last decade. The country has a highly diversified economy, which has performed well since 2001. Turkey has attracted around $100 billion worth of FDI and is expected to begin full membership negotiations with the EU by June of 2012, which would advance Turkey’s regional integration with Europe.
The 2023 Turkey is a roadmap to guide Turkey through the next ten years, focusing on the new challenges of the 21st century.
A Full Set of Reforms:
Turkey 2023 will be realized with the active participation of all stakeholders. It aims to increase Turkey’s GDP per capita and employment rates, narrow the current account deficit, lower inflation, and make structural reforms in governance. These reforms will inform a sustainable growth path that expands human and physical capital, increases income levels by following a ‘human-centered’ approach, reduces inequality, especially amongst the vulnerable segments of society, and much more.
Turkey vision is a strategic plan to modernize Turkey. By implementing fundamental changes to the business environment and adding more value to existing assets, it aims to transform Turkey into a global force within technology.
As part of our mission to bring the World Expo to Turkey, they have developed a strategy that will truly transform the country. They can only accomplish this by re-energizing the economy and creating a prosperous, thriving economy with a GDP growth rate of above 5% per year.
Turkey Potentials in 2023 is designed to allow the next generation of entrepreneurs to grow in a healthy environment. E-commerce in Turkey will increase from $10 billion to $50 billion within five years while continuing to dominate B2B e-commerce globally throughout the next ten years.
The mission for Turkey vision 2023 is to help Turkish businesses become as innovative and productive as possible. Through improving the ease with which businesses can grow and create jobs, their goal is to raise the average annual income.
Turkey 2023 serves as a strategic plan for Turkey to triumph over rival nations this century. As the country faces economic and political pressures, it is now more important than ever to put its best foot forward. The future of all Turks rests on the success of the 2023 Turkey plan.
Turkey Key Future Predictions:
- Becoming the world’s top ten economies.
- GDP is about $2 trillion.
- 82 million people live in the country.
- Exports totaled $500 billion.
- 5 % of the workforce is unemployed.
- 50 % of the workforce is employed.
- Annually, 400.000 jobless people are trained to gain new skills.
- Expenditures on research and development account for 3% of GDP.
- Support for R&D and innovation for SMEs up to 1 million Turkish Lira.
- New entrepreneurs are eligible for a grant of 27 thousand TL and a loan of 70000 TL.
- 15 new company development centers generate an export volume of $500 billion dollars.
- 100.000 companies that export.
- The number of marinas will be expanded from 25 to 65, representing a $150 billion boost in gross agricultural, domestic product.
- Agriculture exports amount to $40 billion.
- Power generation capacity of 125.000 MW.
- Increase the proportion of renewable energy to 30%.
- Transmission lines with a total length of 60.717.
- Power distribution unit with a capacity of 158.460 MVA.
- Reduce energy theft and loss to 5% of total use, and implement smart grids.
- Natural gas storage capacity of 5 billion m³ is available.
- Contract for the operation of 8 nuclear reactors with a combined capacity of 10MW. 4 nuclear reactors with a combined capacity of 5MW.
- Power stations with a geothermal capacity of 600 MW and solar capacity of 3000 MW.
- Mining exports are worth $20 billion.
- Boron’s output reached 5.5 million tons, resulting in a $2.5 billion export.
- Drilling for mining takes place at 5 million m² each year.
- The proven resource of lignite is about 20 billion tons.
- The geothermal potential has been shown to transfer to investors in the amount of 70%.
- 2023 Vision in Terms of Real Estate, Health, and Automobile.
According to Turkey vision 2023 real estate expectations, Turkey aims to boost the revenue from real estate sales to outsiders in 2023 to break over the 15-billion-dollar barrier and to reach a total of 20 billion dollars in 2025.
Massive sums of money have been poured into emerging industries like the Turkey vision 2023 Automotive, iron and steel, and transportation sectors in order to realize these goals.
If the nation likes to achieve its Turkey vision 2023 healthcare targets and becoming a premier provider of health services by 2023, it will need to adopt changes that encourage investment and innovation in the health care sector.
Education and Tourism in 2023:
In accordance with Turkey vision 2023 tourism, one of the most significant objectives is for the country to receive 75 million visitors each year, making it the world’s fifth most popular tourist destination. Also, the current capacity of one million beds will be expanded to 1.5 million beds. Every year, 50 million visitors will generate $50 billion in income.
Turkey’s education budget has increased from 7.5 billion Lira to 147 billion Lira in recent years in order to meet the Turkey vision 2023 education targets. The government has also established the “Turkish Knowledge Endowment,” which provides assistance to more than 43 countries in the education field. This will serve well to achieve the Turkey vision 2023 targets.
References:
- https://www.invest.gov.tr/en/pages/home-page.aspx
- https://en.wikipedia.org/wiki/2023_vision
- https://www.middleeastmonitor.com/20180212-vision-2023-turkey-and-the-post-ottoman-anniversary/
- https://ottomaninvestment.com/turkey-vision-2023/
