Turkey Determined its 4-Year International Investment Strategy Including Digital Transformation Goals

The Investment Office of the Presidency of Turkish Republic has announced its international direct investment strategy and action plans covering 2024-2028. Among the determined policies are goals related to the digital transformation process, which has gained significant momentum in recent years.

The main focus of the action plans outlined for digital transformation goals is to implement the necessary regulations for production and trade by following international standards, data policies and regulations.

The first of the policies and actions determined to achieve the digital transformation goals is to complete the harmonization process of the Personal Data Protection Law with European Union regulations, particularly the European Union General Data Protection Regulation.

Another noteworthy policy and action are the arrangements to ensure national cyber security. The main lines of action to be taken are as follows:

• - A regulation aimed at ensuring national cybersecurity and enhancing cyber deterrence will be published.
• - A regulatory effort focused on the security of the Internet of Things (IoT) will be conducted, and cybersecurity scans will be performed on IoT devices.
• - Secondary regulations required in connection with the ongoing national cybersecurity framework legislation will be identified.
• - Studies regarding the Electronic Signature Law No. 5070 and other relevant legislation will be carried out.
• - Awareness initiatives will be undertaken to promote the use of remote signature services in public institutions and the private sector.

It is also noteworthy that these studies on cyber security will be carried out by taking into account the European Union Network and Information Security Directive (NIS2) and other new international cybersecurity initiatives and practices.

Strengthening the physical digital infrastructure is also among the targeted policies. The noteworthy action is the aim to open higher education programs in the fields of artificial intelligence, big data and cyber security. It is also emphasized in the policy that efforts to train qualified manpower in developing technology fields will be emphasized.

Apart from digital transformation policies, action plans have also been determined in areas such as investment environment competitiveness, green transformation, global supply chains, qualified human resources, communication, and promotion. It is also possible to say that global developments are taken into account while determining these action plans.

You can access detailed information about the investment strategy and action plans here (only available in Turkish).