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Italy’s Economic Diplomacy – 15 December: latest news from the world

Senegal: DIIEZ integrated economic project presented in Dakar

The DIIEZ (Dakar International Integrated Economic Zone) project was recently presented in Dakar. The project is a public-private partnership funded by Teylom Logistics, a Senegalese real-estate group, and Agility, an American conglomerate in the logistics, pharmaceutical and infrastructure sector. The project falls under the PSE (Plan Senegal Emergent) for infrastructure and aims to create the conditions for a competitive and growth-bolstering hub, thanks to the drive of the real-estate market. The Plan envisages the creation of an industrial park, a service centre, a logistics and business platform, tourist facilities and a residential area. The project, which is forecast to be completed by October 2017, concerns an area of approximately 90 hectares at 45 Km from Dakar and is connected to the new Blaise Diagne International Airport. It also offers tax and customs relief for 25 years to the companies that invest and establish their operations there and is expected to create 60,000 new jobs.  

Turkey: Government promotes investments in 14 sectors

The Turkish Government will offer incentives to promote investments in 14 different sectors that perform high added-value research and development activities aimed at meeting the critical needs of Turkey, guaranteeing the security of supplies, reducing the Country’s dependence on foreign markets and producing technological innovation. The projects judged to be eligible, which must be worth a minimum of 100 million dollars, will be exempted from paying customs duties and VAT, in addition to receiving tax relief and facilitations (such as the support of qualified personnel, interest subsidies and non-refundable grants, capital grants, energy subsidies, legal authorisations, licenses, and exemptions from additional restrictive measures), and offering employers lower insurance premiums to pay for employees.     

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