Turkish Prime Minister Mr Recep Tayyip Erdogan and Iraqi Vice President Mr Tariq al-Hashimi inaugurated the facilities of Borusan Holding in free trade zone in Gemlik town of the northwestern province of Bursa on Sunday.
Mr Erdogan said that 850 people would be employed in the facilities, expressing belief that the number would rise in the future.
Mr Erdogan noted that the holding invested USD 450 million in Gemlik facilities, adding that this investment increased to USD 550 million with six port cranes in the facility.
He said that Borusan Holding, together with its German partner, would make an investment of three billion USD within the next ten years.
Mr Erdogan said that the government''s target was to make Turkey one of the top ten economies of the world by 2023.
The origins of Borusan, which is one of the leading industry and service groups in Turkey, date back to 1944 when Istikbal Ticaret was founded. Borusan''s primary business interests include steel, distributorships, logistics, energy, and telecommunications.