Turkey’s Ministry of Industry and Technology issued a new Communiqué on Wednesday, 13 November 2024 amending the guidelines for Communiqué on Strategic Priority and Technical Assessment of Investment Projects, introducing a revised financial criterion and a two-stage evaluation process to better align investment project selection with broader economic priorities.

The changes took effect on 13 November 2024.

The Communiqué requires projects to meet enhanced financial requirements, including a minimum investment threshold of TRY 1 billion and a minimum equity capital of TRY 50 million.

It also removes financial support for interest or profit share payments and establishes a two-stage evaluation process.

The Communiqué also clarifies that a positive evaluation does not guarantee financing rights.