Turkey's Sasa rises after Yumurtalık investment area designated as a Private Industrial Zone

About this update from Sasa Polyester Sanayi A.s.

** Shares in Turkey's Sasa Polyester BIST:SASA shares jump 10% after first phase of Yumurtalık Investment Area declared as a Private Industrial Zone** Sasa, a producer of polyester fibers, filament yarns and polymers, says Presidential decree declaring first phase of Yumurtalık area in Adana as a "private industrial zone" was published in the Official Gazette on August 16** Sasa says it plans to make a total investment of USD 25 billion in Petrochemical and Refinery Facilities and a Port Project in area in Adana Yumurtalık ** Brokerage Global Menkul Değerler says "Private Industrial Zone" status is expected to give Sasa cost advantages through land acquisition, tax exemptions, infrastructure support, and investment incentives, while speeding up permit processes** "The decision is seen as a positive medium- to long-term development for the company" Global Menkul Değerler adds** The stock is best performer in main BIST 100 index BIST:XU100 which is up 0.2%

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