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JUL 2015

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84 JULY 2015 A S I T E S E L E C T I O N I N V E S T M E N T P R O F I L E : R E P U B L I C O F T U R K E Y hen one of your country's biggest automotive employers exports not only $3.5 billion of vehicles but also more than $50 million of engineering services a year, you know you're doing something right when it comes to cultivating knowledge. Such is the case with Ford Otosan, the JV established by Turkey's Koç Holding and Ford Motor Co. 54 years ago. In April the 10,000-employee company opened a new $26-million R&D center in Istanbul. Employment is expected to grow from 1,200 to 1,450 by the end of 2015 at what will be Turkey's largest single-site R&D center. "R&D is very important to the Koç Group, and the Ford Otosan Sancaktepe R&D Center is a prime example of our belief in the potential of our people to innovate and create new products," said Ali Y. Koç, Koç Holding board member and chairman of Ford Otosan. "Ford Otosan is an integral part of Ford's One Ford global product development team, and the engineers from Turkish engineering schools working at Ford Otosan in this new facility are among the best-educated and most profcient in the world," said Barb Samardzich, vice president and COO, Ford of Europe. Ford Otosan's growing braintrust continues to innovate: The company applied for 39 patent registrations in 2009, 50 in 2010, 63 in 2011 and 73 in 2012. The number of the useful model and patent applications fled by Ford Otosan now stands at 396. 'Enormous Potential' The infrastructure framework in Turkey aim to support innovation from the government perspective as well as Ford and Koç have done from the private sector. The new president of the Investment Support and Promotion Agency of Turkey (ISPAT), Arda Ermut, will help make that happen. He was present at the opening in March 2015 of 3M's new Customer Innovation Center in Istanbul, calling it "an important milestone in 3M's history." That sentiment was ehoed by 3M Vice President of Central and Eastern Europe Giuseppe Castaldi. "With its strong economy, dynamic domestic market, and enormous potential, Turkey is of great importance to 3M," he said. Attracting operations like 3M's is of great importance to Turkey, as it seeks to become one of the world's top 10 economies and to attain $500 million in exports by its centennial year of 2023. ISPAT President Ermut notes that 44 Technology Development Zones are currently in operation, with another 15 under construction. Young brainpower, ambitious centennial goals and 20 years of public-private partnership make Turkey a land of ample opportunity. W INVESTMENT PROFILE: TURKEY b y A D A M B R U N S a d a m . b r u n s @ s i t e s e l e c t i o n . c o m Construction continues on the Third Bosphorous Bridge/Marmara highway project north of Istanbul. Dozens of major projects in Turkey beneft from the public-private partnership model. Photo courtesy of ICA In Position

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