9,765.12 TRY BIST 100 BIST 100
4.84 CNY CNY CNY
35.13 USD USD USD
36.48 EUR EUR EUR
4.84 CNY CNY CNY
35.13 USD USD USD
36.48 EUR EUR EUR
1.00 CNY CNY/CNY CNY/CNY
43.50 TRY Interest Interest
72.45 USD Fossil Oil Fossil Oil
29.03 USD Silver Silver
4.09 USD Copper Copper
100.71 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,600.46 TRY Gold (gr) Gold (gr)

OSBÜK announced the renewed OIZ laws

Memiş Kütükçü, President of the Organised Industrial Zones Supreme Organisation (OSBÜK), announced that they will give relief to the production centres with 8 articles regarding the newly decided OIZ law.

OSBÜK announced the renewed OIZ laws

Memiş Kütükcü, Chairman of the Board of Directors of the Organised Industrial Zones Supreme Organisation (OSBÜK), evaluated the renewed OIZ law and said, "Only the green OIZ article attracted public attention. However, we have breathed our OIZs with 8 articles, all of which are important from each other." Kütükçü mentioned that expropriation was facilitated for expansion in OIZs and said, "The rule of a single enterprise in a useful parcel for rehabilitation OIZs has changed."

Changes made in the New OIZ Law are as follows;

1- In places designated as industrial areas in the current zoning plans, the OIZ area will be finalised without the OIZ site selection process, provided that the opinion of the administration approving the plan is obtained and geological and geotechnical surveys based on the zoning plan are carried out.

2- Owners of parcels who undertake to invest within the conditions and periods specified in the Regulation will be able to be given space by the OIZ in the selected area without expropriation.

3- For the first time, pre-allocation application has been introduced to our OIZs. With the pre-allocation practice, our OIZs will now be able to make pre-allocations to investors at the determined price while the site selection and expropriation processes continue.

4- OIZs will be able to pay the expropriation costs in this area and carry out infrastructure works with the income they obtain with the pre-allocation practice. This will relieve our OIZs financially. With all these regulations, the site selection and expropriation processes of OIZs, which take 4-5 years to allocate to new investors, will be accelerated, thus paving the way for new investments.

5- OIZs were also authorised to lease or sell superstructured industrial parcels. Our OIZs, which previously only made infrastructure investments and allocated parcels to investors, are now authorised to lease or sell superstructured industrial parcels to investors who give the condition and commitment to start production. With this regulation, our OIZs will be able to build infrastructure such as electricity, water, natural gas, as well as factory buildings themselves, and lease or sell them to investors on a turnkey basis. The investor will be able to make production only by bringing the machinery and equipment and human resources to be used in production. This regulation is an important application for our domestic investors as well as foreign investors.

6- The problem of not being able to operate more than one enterprise in a parcel, which is one of the most important questions of OIZ industrialists, has also been solved. Now, our participant industrialists in OIZs will be able to rent their facilities to one or more tenants for production purposes.

7- The definition of 'Green OIZ' was added to the OIZ law. With the regulation, the projects to be prepared by our organised industrial zones in order to meet the Green OIZ criteria by reducing carbon emissions will be prioritised by our Ministry of Industry and Technology.

8- The ratio of common use areas in OIZs will not be less than 5 per cent of the size of the OIZ and the ratio of service and support areas will not be more than 15 per cent of the size of the OIZ.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Yıldız Entegre ranked third in Anatolian 500

Wednesday, December 11, 2024

The potential impact of Trump's return to the presidency on the global steel market

Wednesday, November 6, 2024

EU steel industry sounds crisis alarm! EUROFER issues open letter

Thursday, October 17, 2024

Strike at U.S. East Coast ports affects the economy: Steel industry also at risk

Wednesday, October 2, 2024

US launches AD investigation against corrosion-resistant steel products imported from 10 countries, including Türkiye

Monday, September 9, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now