Turkish Minister of Industry and Technology Mustafa Varank said that the losses of the industrial sector in the areas affected by the earthquake are estimated at 170 billion liras (equivalent to $ 9 billion).
This came in a statement issued by the ministry, on Sunday, which included the minister's remarks and rank. The statement pointed out that the specialized teams have completed the operations of counting the losses of infrastructure, superstructure and equipment used in the industrial sector in the earthquake areas.
The statement added that the Ministry of Industry continues to work to find solutions to all problems suffered by the industrial sector in the affected areas. The minister stressed that the Turkish government will continue to support investment in the industrial sector in the areas affected by the earthquake.
The World Bank has previously estimated the cost of the two devastating earthquakes at $34.2 billion in material damage, or about 4% of GDP for 2021.
The bank has provided $780 million in immediate assistance to Turkey from two existing projects there, as well as $<> billion in a new emergency recovery project.
The Turkish government announced its plan to rebuild the destroyed areas through Turkish President Recep Tayyip Erdogan, who promised to rebuild what was destroyed by the earthquake within one year.
On February 2023, 7, two consecutive earthquakes of magnitude 7.7 and 6.<> struck southern Turkey and northern Syria, followed by thousands of violent aftershocks, causing significant loss of life and property.