Project-based State Aid for ASELSAN Konya Weapon Systems Inc.

The decision about supporting the investment of weapon and weapon systems production, which will be done in Konya by ASELSAN Konya Weapon Systems Inc., with “project-based state aid”, has been published in official gazette and come into force. 

The investment for weapon and weapon systems production facility, which will be done in Konya by ASELSAN Konya Weapon Systems Inc., is going to be supported under the circumstances determined by the framework of the principles and procedures specified in the Decision on Project Based State Aid to Investments.   
The investment, which is stated to be 3 years from the start date, started in November 2019. If the investment cannot be realized within the stipulated period, the Ministry of Industry and Technology may give an additional half of this period.
The projected total fixed investment amount is 830.692.017 TL, and when it is completed, 168 additional employments will be provided and 30 qualified personnel will be employed.
At the end of the investment period, it is aimed to produce 1000 weapon systems, 5000 light calibre weapons and 240 medium calibre weapons per year. 

Supports to be benefited
The investment project will benefit from various supports such as; customs tax exemption, VAT exemption, VAT refund, tax reduction (tax reduction rate 100%, investment contribution rate 75%, the rate of investment that can be used during the investment period is 100%), insurance premium employer’s share support (10 years without maximum amount limit), income tax withholding support (10 years), qualified personnel support (maximum 25.000.000 TL). Qualified personnel support will be applied for 5 years on the condition that it will not exceed twentyfold of each qualified personnel’s monthly gross minimum wage.