2023 vision

Vision 2023

€2,350.00

Trend forecast book Vision 2023 offers a clear and well-organized overview of worldwide cultural, technological, economic and social trends. It is an essential source of information and inspiration for anyone who is involved in long term product development, marketing and strategy. 

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- Annual release

- Hard cover

- Clear trend research, consumer insight, strategic concepts

- Key future material and colour swatches

- 255 pages

The year 2023 will be a period of rebuilding society, block by block, We have to shape the world based on new values. It is time for a master plan and action to ensure that fresh ideas are implemented. For lasting impact, it is essential to activate change on every level.
The four drivers of change of Vision 2023 are Nature First, Empowerment, Universal Healing and Decentralised world.

About Vision 2023

Trend forecast book Vision 2023 offers a clear and well-organised overview of worldwide cultural, technological, economic and social developments. It is an essential source of information and inspiration for anyone who is involved in innovation, product development, marketing and strategy.

Research into long term global developments (5-10 years) is the foundation of the Vision book. What is currently happening in the world affects people’s thoughts and values and therefore what kind of products will be needed in the future. The colours and materials are directly related to the research in this book, these are the aesthetics that are relevant today and tomorrow.

Turkey in 2023

What is Turkey’s 2023 Vision Plan?

For many people, the year 2023 will be important for Turkey. Not only because it will be the 100th anniversary of the formation of the Turkish Republic but also because the AKP ruling government have set themselves an impressive set of targets to achieve by this deadline.

The records break down into specific categories focusing on the economy, energy, foreign policy, healthcare, transport and tourism. Altogether they make up the 2023 vision plan for Turkey.

The Turkish Economy

Already boosting the economy in the last ten years, the AKP is not settling for anything less than being one of the top 10 performing countries by 2023. Despite failing to hit its gross domestic product from medium-term programs in 2015, they are aiming for a staggering 2 trillion USD of the gross domestic product by 2023.

One of the star performers that has and still is contributing towards the economic climb is exports of which the automotive vehicle industry is coming up trumps. Overall, the aim is to make per capita income $25,000, but they are going to have to work hard to reduce their unemployment from double digits to their target rate of 5%.

Energy Sector

Anyone who knows their stuff about energy will testify as to Turkey’s love of wind power. With mass turbines installed in many areas of the Aegean coast, they want a capacity of 20,000 megawatts by 2023. Other energy projects include geothermal and especially renewable as seen prominently in the Antalya area through the construction of waste renewal plants.

Foreign Policy

Of course, the big question when it comes to foreign policy is whether they will obtain their targeted EU membership by 2023. However, after the Brexit vote in the UK, the Turkish government did announce that a referendum on the EU would clear up whether it is, in fact, the best path of action for Turkey to take. People can get used to seeing Turkey in the news as well because their target is to be a prominent leader of global affairs.

Transport Networks

Transport is another vast area they are setting their sights on, including expanding the high-speed train network to become the second biggest after China as well as building 11,000 kilometres of new rails. 15,000 thousand kilometres of highway and improved infrastructure will no doubt help the transporting of goods, therefore, boosting the economy.

Tourism and Travel

Tourism is one of the biggest success stories so far because results were quick to flood in and had the disastrous events of 2015, and 2016 not occurred, they could have easily achieved their targets to host 50 million visitors every year as well as be the fifth most popular destination in the world. Of course, the tourism revenue target of 50 billion USD will also contribute towards the economic target.

Prominent Factors of Turkey’s 2023 Vision Plan

One major factor that contributes towards whether Turkey will reach its targets is the mega projects. Focusing mostly on Istanbul, the business, economy and finance hub of the country, some of the projects are based on the PPP business model that calls for private investors.

The Istanbul Third Airport opens its first stage in late 2018, but when fully completed many years later, it will be the world’s major hub of transport and aviation, as well as having the globe’s biggest duty-free area. Replacing the Istanbul Ataturk airport, ultramodern architecture and technology have been used with the aim of getting passengers quickly and smoothly to their chosen destination.

Another big project hitting the news more recently is the Kanal Istanbul, an alternative route to the Bosporus which the Turkish government says is overcrowded and polluted thanks to the enormous number of tankers passing through it daily. Turning Istanbul into an island and connecting the Black Sea with the Marmara, the estimated cost to build it is 10 billion, although many say this is an understatement.

The Turkish Real Estate Industry

One silent sector of the Turkish economy that has been performing well is the Turkish real estate industry. In the old Turkey, mortgages weren’t available, and houses were outdated and often lacked safety with no set regulations.

The last 15 years have seen a complete turnaround as old neighbourhoods transformed into modern housing hubs and one favourable result is that many foreigners have been eager to cash in on the low prices.

With the Turkish government putting lucrative cards on the table such as the turquoise VIP Turkish citizenship by investing in Turkey, foreign investment through the real estate industry of Turkey has gone from strength to strength.

Briefing on Turkey Vision 2023

• Today One of the top 10 economies in the world
• GDP: $2 Trillion
• Population: 82 Million
• Export:  $500 Billion
• Single digit inflation and interest rates 

Public Finance Policy

• Enhance fiscal transparency and accountability
• Reinforce pioneering role of private sector and decisively continue privatization
• End state’s role in power distribution and sugar production
• A new governance model for State-Owned-Companies based accountability, transparency and flexibility
• To utilize dormant public land in favor of economy
• To expand investor base for domestic government bonds by introducing new instruments and selling methods
• Diminish state’s role in power generation, telecom, management of ports, highways and bridges

Revenue Policy

• Revising tax policy to support economic growth, investment and employment and to decrease unregistered economy.
• The less unregistered economy, the lower tax rates
• New tax system will be predictable and proactive, supporting investors producing more, committed to utilize their resources efficiently, paying taxes regularly, creating more jobs and expanding the economy.
• Sources of taxes will change in favor of indirect taxes
• Tax policies will aim to increase FDI inflows, support investment and R&D, increase employment and reduce regional disparity
• A simplified and effective tax system
• New regulations to increase revenue sources of local authorities

Public Investment & Expenditure

• Priority will be given to infrastructure investment which will support economic productivity in the medium and long term (highway, railway, airports, dams, irrigation, ICT)
• Public investments will focus on economic and social infrastructure which cannot be realized by the private sector.
• Public-Private-Partnership will increasingly continue.
• Public spending will focus on social and infrastructure projects with development potential.

Public Finance Policy

• Sources of taxes will change in favor of indirect taxes.
• Tax policies will aim to increase FDI inflows, support, investment and R&D, increase employment and reduce regional disparity.
• A simplified and effective tax system.

Monetary Policy

• Monetary policies will support government’s growth and employment policies provided that they are not in contradiction with financial and price stability
• Inflation targeting will continue to be the main policy
• Inflation targets will be determined for 3 years by the Central Bank and government
• Floating exchange rate regime will continue.
• Central Bank will continue to be the principal authority

Financial Services

• Istanbul will be one of the top 10 financial centers in the world; to this end, human resource, physical, technical, legal and tax measures will be taken
• Other cities will support Istanbul to be a financial center
• Number of Turkish companies traded in Istanbul Stock Exchange (ISE) will be at least 1000;
• Foreign companies in ISE will be more than Turkish companies and will be representing at least 10 countries

Balance of Payment

• In order to diminish dependency of production and export on import, policies and incentives to increase local production capacity of especially intermediary and capital goods
• Improve local technological skills in the sectors with high external dependence.
• For global competitiveness in export, production and marketing of products and services based on innovation, R&D, high added-value and branding, will be supported.

Employment

• Unemployment: 5% ; Employment: 50%
• Unregistered non-agriculture employment: 15% (from 30%)
• Lifelong learning participation from 8% (from 2%)
• Annual training of 400.000 unemployed to attain skills
• Analysis of provincial labor force in order to meet labor force demand for required skills, number and sector
• International standard in professional competence

R&D and Innovation

• R&D expenditures: 3% of GDP
• 2/3 of R&D expenditures by private sector
• Number of full-time equivalent researchers: 300.000
• Working on manned rocket to space and national satellite
• National centers of excellence
• Venture capital and angel investor to turn R&D into business

Micro-economy, Entrepreneurship and Industrial Policies

• Manufacturing base of medium and high tech products
• Support companies’ technological development
• Manufacturing and R&D base automotive, national automobile
• Aircraft factory for commercial planes
• Support production of unmanned aerial vehicles
• Improve infrastructure (OIZ)
• Free land for investors in OIZs where it is available
• Laboratory and test centers with int’l standards
• Ending poor-quality and non-standard products
• Online company establishment in 5 minutes.
• Support SMEs, IPO of SMEs
• R&D and innovation support for SMEs up to 1 million TL
• 27k TL grant and 70k TK loan for new entrepreneurs
• 15 new business development centers

Defence Industry

• National Rifle
• National Cannon
• National Tank
• National helicopter
• national Fighter Aircraft

Export of Goods and Services

• In order to achieve $500 billion export volume;
• Export-based production, 100.000 exporters (from 50.000)
• To create at least 10 nationals brands known worldwide
• Diversification of export markets and products
• Support high value-added, medium and high tech products
• Support key sectors; machinery, iron & Steel, automotive, textile, electronics, chemicals.

Tourism

• Annually 50 million tourists with $50 billion revenue
• Existing 1-million bed capacity will be increased to 1,5 million
• Number of marinas will increased 65 up from 25
• promote health, religion, convention, fair, culture, golf, thermal tourism

Agriculture

• $150 billion gross agriculture domestic products
• $40 billion agricultural export
• One of the top 5 countries in terms of agricultural size
• 8,5 million hectare irrigable area (from 5,4 million)
• Number 1 in fisheries in EU

Energy

• 125.000 MW installed power (up from 54.423 MW)
• Increase share of renewables to 30%
• 60.717 KM transmission lines (from 49.104 KM)
• 158.460MVA power distribution unit capacity (from 98.996MVA)
• Decrease electricity loss-theft to 5% and smart grids
• 5 billion m3 natural gas storage capacity (from 2.6 billion m3 )
• To establish an energy stock exchange
• 8 nuclear reactors with 10.00 MW will be active
• Construct 4 nuclear reactors with 5.000 MW
• Construct power plants with 18.500 MW in the coal basins 
• Full utilization of hydro power
• Increase wind power to 20.000 MW (up from 1.694 MW)
• Power plants with 600 MW geothermal, 3000 MW solar energy

Mining

• $20 billion export of mining (from $10 billion)
• 5.5 million tons production of $2.5 billion export of boron
• Meeting demand for coking coal by domestic production
• Annual 5 million m² frilling for mining (from 1 million m² )
• 20 billion tons proved reserve of lignite (from 11.5 billion tons)
• 70% of geothermal potential proved to transfer to investors

Transportation / Highways

• Additionally 16 new large-scale logistic centers
• 36.500 km dual carriageway, 7.500 km motorway
• 70.00 km with bitumen hot-mix asphalt
• In 2019 submarine tube, 3. bridge on Bosphorus
• Bridge on Dardanelles

Transportation / Railways

• 10.000 km high-speed railway, 4.000 km new railway
• 8.000 km with electricity and signal 
• Annually 500 km railway will be renovated
• Liberalization of railways opening to private sector
• Renovation of terminals and stations and construction of new terminals for high-speed trains
• Support railway projects to connect Turkey with Caucasus, Middle East, North Africa

Transportation / Aviation

• Domestically produced plane (regional)
• new Airports, 400 million passenger capacity (165 million)
• 3 New Airports in Istanbul
• 750 planes fleet (200 regional)
• At least 2 aviation maintenance and training centers

Transportation / Maritime

• Connect main ports with railways
• Transfer ports in Aegean/ Mediterranean/ Marmara/ Black-sea
• To have at least one of the top 10 ports in the world by 2019
• 32 million TEU handling capacity for container transport
• Handling 500 million tons of solid & 350 million liquid load
• 10 million DWT shipbuilding capacity
• 100 marina with 50.000 yacht capacity

Transportation / ICT

• 30 million broadband subscribers
• 50% of ICT sector by domestic products and services
• 8% ICT sector’s share in GDP
• One of the top 10 countries in E-transformation
• Provide all public services electronically by 2019
• 80% of the population will be computer literate