These projects are expected to provide US$ 551 million of benefits to the Republic of Turkey, when factoring in state royalties fees, forestry fees, social security and income taxes.
The collective economic contribution of operational and capital spending for the projects is estimated to equate to US$ 824.6 million in GDP and create 3,225 full-time jobs over the thirteen-year period.
Doğu Biga has invested US$ 250 million to date into the Kirazlı Gold project, and paid over $20 million USD in taxes and fees to the Republic of Turkey since 2010.
