Turkish President Recep Tayyip Erdoğan has committed to providing financial support to the country's unmanned aerial vehicle (UAV) sector as part of the country's efforts to further develop its own capabilities and platform export markets.
Under Presidential Decree 1506, announced on 4 September and officially gazetted on 5 September, the Turkish government is to provide support valued at TRY600 million (USD105.5 million) for the development of the Baykar Bayraktar TB2 UAV and Akinci armed UAV, including the development and manufacture of avionics, ground control stations, and other subsystem components.
The support is to come in the form of value-added tax exemptions and returns and customs duty exemption, as well as investment contributions and insurance support. According to the decree, the support will be for a period of up to 10 years, being backdated to 28 January.
The decree anticipates that the financial support will help with the employment of a further 1,122 personnel in the sector.
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