10,743.20 TRY BIST 100 BIST 100
40.59 USD USD USD
5.67 CNY CNY CNY
46.32 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
40.29 TRY Interest Interest
71.84 USD Fossil Oil Fossil Oil
47.99 USD Silver Silver
4.42 USD Copper Copper
99.86 USD Iron Ore Iron Ore
332.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,309.48 TRY Gold (gr) Gold (gr)

Minister of Trade Ömer Bolat: "IDEF is now a global brand"

In his statement on the occasion of the 17th International Defense Industry Fair (IDEF 2025), Minister of Trade Ömer Bolat stated that the fair had attracted great international interest, saying, "IDEF has now become a global brand."

Minister of Trade Ömer Bolat: "IDEF is now a global brand"

Hosted by the Ministry of National Defense, with the support of the Presidency of Defense Industries and organized by KFA Fuarcılık AŞ under the management of the Turkish Armed Forces Foundation (TSKGV), the IDEF fair at the Istanbul Expo Center welcomed Minister Bolat, who toured the stands and received information about the products from officials.

Emphasizing that IDEF has become one of the most prestigious fairs in Türkiye’s history, Bolat stated that the event is not merely a fair, but also a symbol of Türkiye’s rise in technology and industry.

“Participation from Over a Hundred Countries”

Minister Bolat highlighted that IDEF 2025 brings together companies from Asia, Europe, and the Americas. “This event showcases the current state of Türkiye’s economy and industry to the entire world. Thanks to our defense industry, our overall industrial sector is gaining more global recognition,” he said.

Bolat noted that in 2024, exports of defense industry products and services reached $7.15 billion, with the target for 2025 set to exceed $8 billion. He added that exports surpassed $3.5 billion in the first half of the year and that they expect this momentum to increase in the second half.

Defense Industry: A Source of Employment and Added Value

Bolat stated that the defense industry provides employment for around 100,000 people across the country and has reached an annual production volume of $20 billion. He reminded that the Turkish defense industry currently exports to over 100 countries, noting that this success positively contributes to all industrial sectors.

Bolat emphasized that Türkiye has now become one of the strongest defense industry nations in the Eurasian region. “Countries from Africa, Asia, the Middle East, Europe, and South America are showing great interest in Turkish defense products. Our advancement in this field is not only economic but also critically important for our national independence,” he said.

“A Strong Defense Industry Means a Strong Türkiye”

Minister Bolat noted that Türkiye has maintained its stability despite crises and wars in the region, thanks to a strong military, a robust economy, and a resilient defense industry.

Stating that the IDEF fair serves as a showcase to the world, Bolat said, “Seeing companies from Western countries, Asia, and the Americas here is proof that the fair has now become a global brand.”

Finally, Bolat stated that the export value per kilogram in the defense industry has reached $68, with the initial goal being to raise this figure to $100. He added that the potential in this field is limitless.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Merz: EU to discuss steel export quotas with US

Friday, August 1, 2025

Canada's response to US tariffs: “We will diversify our exports and turn to our own resources”

Friday, August 1, 2025

Canada completes dumping investigation of steel pipes originating in Japan

Friday, August 1, 2025

Ministry of Trade: Türkiye positively differentiated against new US tariffs

Friday, August 1, 2025

Sims and Alter Steel collaborate for low carbon steel

Friday, August 1, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now