Turkey has the world’s 17th largest GDP by PPP and 18th largest nominal GDP.The country is among the founding members of the OECD and the G-20 major economies. Turkey has a sizeable automotive industry, which produced over a million motor vehicles in 2012, ranking as the 17th largest producer in the world.Turkish shipbuilding exports were worth US$1.2 billion in 2011. The major export markets are Malta, Marshall Islands, Panama and the United Kingdom. Turkish shipyards have 15 floating docks of different sizes and one dry dock. Tuzla, Yalova, and İzmit have developed into dynamic shipbuilding centres. In 2011, there were 70 active shipyards in Turkey, with another 56 being built. Turkish shipyards are highly regarded both for the production of chemical and oil tankers up to 10,000 dwt and also for their mega yachts.
Sechin Capital was privileged to receive project funding requests from start-up and existing companies in Turkey. Funding was provided for the Automotive sector, Shipping sector, and Shipbuilding industry. These companies used funds for a construction, short-term capital coverage, and liquidity requirements. At Sechin Capital, we help business in Turkey ensure they have the financial stability to provide for the growth and expansion they wish to attain.