The Turkish contractors carried out 241 foreign projects last year worth more than 14.7 billion dollars, according to the reports of the Ministry of Economy of Turkey, according to the report, “Foreign Construction Services” said that the Turkish contractors carried out more than 9,258 projects worth $ 354.65 billion in 119 different countries Since 1972.
In terms of regional distribution, the report showed that most of these projects were implemented in the Commonwealth of Independent States and the Middle East.
During this period, Russia saw the largest number of projects carried out by Turkish contractors, amounting to 19.4% of all foreign projects in the country, worth 68.788 billion dollars, followed by Turkmenistan with a share of 13.2%, equivalent to 46.844 billion dollars.
Libya came in third place with a share of 8.1%, with projects worth 28.875 billion dollars, while Iraq ranked fourth with 7% at $ 24.827 billion.
Last year, Tanzania topped the list with a 17.3% share, with projects valued at $ 2.531 billion, followed by Saudi Arabia with 14.1%, Russia with 12.1%, and UAE with 9.1% Respectively 2.072, 1.771 and 1331 billion dollars each.
Sub-Saharan African countries have for the first time overtaken the traditional markets of the Commonwealth of Independent States (CIS) and the Middle East.
As for the quality of the projects, residential construction projects ranked first among the projects carried out by the Turkish contractors in general. The volume of works in this field amounted to 46.865 billion dollars, followed by highways projects and construction of tunnels and bridges valued at 45.734 billion dollars. Billion dollars, then airport construction projects worth $ 24.357 billion, and other projects for the construction of power plants worth $ 23.848 billion.
Last year, residential projects ranked first with Turkish contractors valued at $ 2.844 billion, followed by railway construction projects with $ 2.681 billion and construction of power plants worth $ 2.413 billion.
According to information provided by the Ministry of Economy, Turkish contractors built airports worth 1.686 billion dollars, highways, tunnels and bridges worth 1.605 billion dollars.
On the other hand, the number of countries where the Turkish contractors projects projects 119 countries, adding the countries of Liberia, Chad, Rwanda, Seychelles, Sri Lanka, the Czech Republic, Estonia, Madagascar, Madagascar, Malawi and Vietnam.
In a study on “target markets” in sub-Saharan Africa, the ministry identified Ethiopia, Nigeria, Mozambique and Ghana as priority countries.
This article was translated from dailysabah