Turkey plans establishment of its own “ Silicon Valley”

By Iaonnis Solomou, Nicosia : Turkish Prime Minister Tayyip Erdogan has declared his intention to set up a “Silicon Valley” in Turkey.

To this end, he said, the Turkish government is trying hard to put in place the necessary legal arrangements and tax exemptions and make available the necessary resources for a number of development projects in information technologies.

Ertogan made this statement in Istanbul last Sunday in the course of a meeting with Microsoft Chairman Bill Gates, who was visiting Turkey. Gates said that Microsoft would continue to invest in Turkey, a country which, he added, “has a bright future.”

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