Crytek to receive $500m investment from Turkish gov

Turkish government is backing Crytek with $500 million.

@anthony256

Published Dec 26, 2016 7:47 PM CST
Updated Nov 3, 2020 11:57 AM CST

1 minute & 2 seconds read time

Crytek have had a turbulent year, but with the news that Turkish government will be investing a massive $500 million into the German developer, something Turkish Prime Minister Binali Yıldırım announced on December 24, without naming Crytek.

Crytek to receive $500m investment from Turkish gov | TweakTown.com

PM Prime Minister Binali Yıldırım did say that three brothers living in Germany, "who own a leading company in the gaming sector, were planning to invest in Turkey during his speech at the "Turkey's 500 Large Service Exporters" ceremony", according to reports.

The three brothers in question are Cevat, Avni, and Faruk Yerli - who founded Crytek in 1999. The company spread into Istanbul, Budapest, Kiev, Seoul, Shanghai, and Sofia, but closed 5 of them just days ago. Crytek recently said the closures were so that it could refocus on its core strengths, developing innovating games and the technology that drives them.

Just recently, Cloud Imperium Games - the developer of Star Citizen, announced their shift away from CryEngine to Amazon's Lumberyard technology - which is based on CryEngine.

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Anthony Garreffa

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering and has recently taken a keen interest in artificial intelligence (AI) hardware.