Crisis in the Middle East brings $100 million investment to Turkey
Following the unrest in the Middle East, Turkey has become a new destination for foreign technology investments. Japan-based Daikin has announced a major $100 million investment in the country.
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At a time when data security and infrastructure needs are coming to the forefront on a global scale, conflicts in the Middle East have led technology companies to seek new and safe havens. Japanese company Daikin, a leader in the air conditioning technology sector, aims to strengthen the country's data center capacity and digital transformation with a massive investment in Turkey.
Recent bombing and missile attacks in the region have deeply affected the risk perception regarding data center investments. Olcay Avcı, Deputy General Manager of the company in Turkey, stated, "The unstable environment in the Middle East has turned the eyes of investors toward Turkey and Europe. In current conditions where security concerns are rising, there is a significant shift in investment preferences."
While large-scale digital transformation efforts are already underway in Turkey, it has been reported that the construction of a total of 14 new data centers is planned within the next two years. These projects are drawing attention with air conditioning investments worth millions of euros. Olcay Avcı added that Daikin holds more than half of the data center air conditioning market share in Turkey.
The new investment, carried out by Daikin within the scope of its "Fusion 30" strategy, includes breakthroughs in R&D, production, and advanced technology in Turkey by 2030. The giant company aims to take on a leadership role in the coming period for the installation of data center infrastructure for financial institutions, e-commerce brands, and technology startups.