Turkey is preparing to establish a “Silicon Valley” near Istanbul

Turkey is preparing to establish a “Silicon Valley” near Istanbul, according to Today’s Zaman. The valley will cover 1100 acres in Turkey’s most industrialized region between Kocaeli and Istanbul, said Minister of Industry and Trade Nihat Ergun.

When the Turkish equivalent of Silicon Valley is established, some of the 180 projects developed as part of state-sponsored technology initiatives are expected to completed and implemented there. One such initiative attracting much attention is a project that will enable consumers to purchase metro, bus, ferry and flight tickets directly from their cell phones. Ergun said most of the leading GSM companies are very interested in that project. bne.