World Bank approves $485 million Türkiye industry digital transformation project

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Türkiye industry digital transformation

Highlights

World Bank approved $485 million TransformIndustry project to support digital and climate-friendly technology adoption in Türkiye's SME manufacturing sector.
The program aims by 2032 to prepare 400 investment-ready transformation plans, finance 280 firms, and support 200 firms in achieving digital or green goals.
Project expects to create about 102,000 higher-paid jobs, upskill workforce, and targets women-led businesses while aligning with Türkiye's 2053 net-zero objectives.

Financing plan and implementation scope

As announced by the World Bank, the $485 million Transforming Industry with Technology, TransformIndustry, project supports small and medium-size manufacturers in Türkiye as they adopt digital technologies and climate-friendly investments.

The program targets export-oriented manufacturing firms participating in the government’s Digital Transformation Program and Green Transition Program. It provides technical support to help companies prepare investment-ready transformation plans and offers long-term financing for productivity-enhancing projects.

The project combines two main components. One helps firms build digital transformation roadmaps, navigate certification requirements, and prepare bankable investment plans, while the other channels financing through participating financial institutions for investments including artificial intelligence applications, industrial automation, efficiency upgrades, low-carbon production technologies, circular economy solutions, and digital traceability systems.

The Ministry of Industry and Technology is implementing the project in partnership with Türk Eximbank and VakıfBank.

Jobs, exports and industrial competitiveness

Manufacturing remains a cornerstone of Türkiye’s economy, but small and medium-sized enterprises often struggle to access the financing needed to upgrade operations as global market demands evolve. International requirements tied to sustainability, carbon emissions, and supply-chain traceability are also increasing pressure on firms to modernize production and improve efficiency.

By 2032, the project is expected to help about 400 firms prepare investment-ready transformation plans, provide financing to 280 firms, and support another 200 firms in adopting digital or green transformation goals. It is also expected to generate about 102,000 additional and better-paid jobs while supporting workforce upskilling.

The initiative includes targeted outreach for women-owned and women-led businesses to improve investment readiness and access to finance. It also supports Türkiye’s broader goal of increasing production and exports of higher value-added goods while advancing industrial decarbonization, climate resilience, and the country’s 2053 net-zero vision.

In our earlier report on Pakistan’s push to expand priority-sector lending, we covered the government’s plan to widen credit access for households, farmers, and small businesses by setting higher targets for housing, agricultural, and SME financing through 2027. The piece also described proposed steps to make lending easier and safer for banks, including regulatory reforms, risk-sharing mechanisms, supply-chain finance, and public-private partnerships to remove structural barriers to credit.

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