Izmir boasts a mild climate and cosmopolitan flair
Izmir, Turkey’s third-largest city, is unlike any other in the country thanks to its strong economy and European feel. With four million inhabitants, Izmir is even bigger than Berlin. And it is still growing. In the last five years alone, more than 250,000 people have moved to the metropolis on the Aegean Sea. The city is home to Turkey’s second-largest port, so it comes as no surprise that its economy is heavily export-oriented, with a focus on sectors such as foodstuffs, clothing, chemicals and engineering. In 2018, the largest oil refinery in Turkey opened here – 8 per cent of Turkey’s industrial output is concentrated in Izmir.
At home, Izmir is regarded as westernised and liberal, a fact which not only influences the way of life but also attracts foreign investors. Numerous international companies from industry, IT and the service sector have established offices and facilities in the seaport. Izmir offers companies a multitude of investment opportunities, including business parks, free trade areas and ‘technology development zones’. These are designed to support research and development through tax relief, suitable infrastructure and educational facilities. Growing sectors in the city include renewable energies, healthcare and aerospace.
Find out more here: http://www.investinizmir.com/en/27395/Overview
Bayrakli, Izmir’s up-and-coming district