Foreign Trade Minister Kürşat Tüzmen has said Turkey will continue to grow in the shipbuilding industry, improving its standing as the third largest yacht builder in the world and eighth in shipbuilding.
Speaking Friday in Kocaeli Tüzmen said shipbuilding in Turkey is primarily supported by free trade zones (FTZs) that currently provide jobs to some 50,000 workers. Tüzmen was in the Kocaeli Free Trade Zone (KOBSTAŞ) to participate in a ceremony to deliver to Saudi officials the luxury yacht Nourah of Riyadh (Riyadh's Splendor), built for Saudi Arabian Prince Mohammed bin Nawaf bin Abdul Aziz Al-Saud by Turkish-Lebanese yacht builder Yachtley Gemi Yapım A.Ş.
Underlining that each FTZ has become specialized in certain areas, the minister said FTZs in Kocaeli, Antalya and Adana have concentrated on shipbuilding. "We thank all our entrepreneurs who have contributed to the development of free trade zones," he added.
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