Economy Of Yalova
Chemical product manufacturing, the carbon fiber shipbuilding industry, health tourism (medical, thermal, elderly, and disabled tourism), ornamental plant production, and kiwi production have been prominent sectors in Yalova’s economy in recent years. Greenhouse and ornamental plant production contribute significantly to agricultural output in terms of economic input. Yalova has adopted a planned industrialization model that prioritizes environmentally friendly industrial investments, high qualified employment capacity, and a focus on domestic production.
Mold Manufacturing Specialized OIZ, Yalova Composite and Chemistry Specialized OIZ, Vehicles Sub-Industry Specialized OIZ, Ship Supply Industry Specialized OIZ, Imes Machinery Specialized OIZ, Avrasya Clothing Specialized OIZ, and Yalova Cicekcilik Agriculture-Based Specialized OIZ, all of which are still in the planning stages, will bring in approximately $1 billion in investment.
Yalova is a strategic center for carbon fiber and acrylic fiber production. Yalova is home to the world’s largest integrated acrylic fiber production facility under one roof, which is privately owned and has a 17% global market share. Carbon fiber, the future’s raw material, is produced in Yalova after R&D studies. It is currently produced in only 8 locations around the world, excluding Turkey. Although greenhouse and ornamental plant production has a small share in terms of area, it has a large share in terms of the economic input it provides in agricultural production.
In Turkey, ornamental plant production takes place in an area of about 49 thousand decares, and about 3 thousand decares are used for production in Yalova. Yalova produces a total of 162 million flowers. The production has a monetary value of 400 million Turkish Liras. After Antalya and Izmir, Yalova ranks third in Turkey in this category. Not only is the product consumed in domestic markets, but it is also exported.
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