Turkish contractors have realized worldwide initiatives value $560 million to this point in 2025, based on the assertion from the Trade Ministry on Tuesday.
A complete of 14 initiatives have been delivered throughout numerous nations this 12 months, with a median worth of $40 million per challenge – the best recorded at this level within the 12 months.
The common worth of a Turkish contracting challenge fluctuated lately, from $69.5 million in 2021 to $39.3 million in 2022, $64.6 million in 2023 and $85.1 million in 2024.
The quantity and worth of initiatives have shifted yearly. The sector accomplished 386 initiatives value $17.2 billion in 2020, 457 initiatives value $31.7 billion in 2021, 512 initiatives value $20.1 billion in 2022, 441 initiatives value $28.5 billion in 2023 and 343 initiatives value $29.2 billion in 2024.
Since 1972, Turkish contractors have carried out 12,505 initiatives value $535.3 billion in 137 nations. Most had been within the Commonwealth of Independent States, the Middle East and Africa.
Projects within the Commonwealth accounted for $233.7 billion, or 43.7% of the entire. The Middle East adopted with $136.1 billion (25.4%), whereas Africa noticed $96.9 billion in initiatives (18.1%).
Elsewhere, Turkish initiatives reached $49.7 billion in Europe, $14.3 billion in Asia-Pacific and $4.6 billion within the U.S.
Russia has acquired the best worth of Turkish worldwide contracting initiatives to this point, totaling $103 billion. It was adopted by Turkmenistan with $54 billion, Iraq with $35.3 billion, Saudi Arabia with $33.7 billion, Libya with $31.4 billion, Kazakhstan with $29.6 billion, Algeria with $22.7 billion, Azerbaijan with $20.6 billion, Qatar $20.3 billion and the United Arab Emirates (UAE) with $17.7 billion.
Highways, tunnels and bridges represented the most important share of challenge sorts at 13.9%, adopted by housing at 13.4%, energy vegetation at 8.4%, railways at 7% and commerce facilities at 6.8% to this point.
Source: www.dailysabah.com