The industrial revolution which began in the 18th century, and was fully felt in the 19th century, drastically transformed countries and economies. Instead of waiting in despair and accepting exposure to its dramatic effects, the Ottoman Empire, in order to catch up with the times, made a very smart move. Undoubtedly, this move was influenced by the economic crisis and other external developments, which influenced Western societies that experienced the first phase of the wave of globalization, and the political and economic problems of the Ottoman Empire. The Ottoman governments, which in addition to all these negativites struggled also with capitulations, developed a new method in the 1880’s during the Sultan Abdulhamid II period in order to improve domestic production and to compete with European goods. More precisely, an already existing method was further developed and implemented successfully: Privileges. Privileges, not only provided many advantages to local entrepreneurs, they also contributed at the same time to the formation of the first private sector audience in the modern sense in Turkey. Creation efforts of the domestic industry were followed step by step and reported for the very first time by scanning the newspapers of the Dersaâdet (Istanbul) Chamber of Commerce. Based on these news, the privileges covering the years 1885-1887 were examined in detail in this article. In this way, a concession study was developed which included the perspective of the Turkish private sector, which is relatively far from an official and propagandist approach.