Published On: Sun, Jan 13th, 2019

Turkish contractors reach an overseas business volume of US$ 20 billion




Despite the slowdown in economy in the country Turkish contractors are reported to have reached an overseas business volume of US$ 19.4 billion with 262 projects abroad. While power plants took the lead in related period, 2 European countries took part in the top 10 countries in which majority of the business was done.

It is reported that the construction sector despite the political and economic problems in the world the sector has achieved this substantial growth.

“The largest projects undertaken in 2018 were energy plants with US$ 3 billion, highways, tunnels and bridges with US$ 2.9 billion and military facility investments with US$ 2.2 billion.

It is noteworthy that 2 European countries were among top 10 countries with largest projects thus accomplished last year as this is considered to be an indication that Turkish contractors have added new markets to their portfolio by going beyond traditional markets

Pekcan also pointed out that there were 2 European countries among the top 10 countries that received the highest number of projects last year and added, “This is an indication that our country’s contractors have added new markets to their portfolio by going beyond traditional markets.”

According to the results shared by authorities, the sector undertook projects in Russia, Saudi Arabia, Qatar, Sudan, Poland, Kazakhstan, Turkmenistan and Algeria last year.





Web
Analytics Made Easy - StatCounter



Pin It