Milgem Project stated in mid-90s but two crisis and one major earthquake (in Turkey's mot industrialised area) happened to us. Due to economic boom in 2004, it started again and now, we succesfully passed the prototype phase. (F-511 TCG Heybeliada)
Milgem can be effective or not, it helped a lot to our naval industry. Because of global economic crisis, Turkish shipbuilding industry ,who ranked third in the world, heavily damaged. Military projects are the life kiss for them.
TF-2000 (Air Warfare Destroyer) and TF-100 (Multi-Purposes Frigate) are depending on success of Milgem Project. There are also plans to build a helicopter carrier and fitting with F-35Bs with them for future. I hope SEDEF/Navantia Team will acquire
LHD Project with Juan Carlos I.
More about Milgem:
http://en.wikipedia.org/wiki/Milgem_class_corvetteEdit: minor spelling bugs