The cost of projects transferred to Turkish construction companies abroad in January-May is estimated at $ 6.5 billion.
As Anadolo reports with reference to the data of the Ministry of Trade of Turkey, the country’s contractual sector from 1972 to the end of May 2023 implemented 11,745 projects in 133 countries totaling $ 479.5 billion.
Last year, the work of Turkish companies abroad took place against the backdrop of global economic problems and an armed conflict between Russia and Ukraine.
The cost of projects implemented by the Turkish contracting sector in the year in question is estimated at $ 19.1 billion. In general, 492 projects were implemented outside Turkey in 2022.
The average cost of projects implemented by Turkish builders in 2022 amounted to $ 38.8 million.
In January-May of this year, the Turkish contract sector implemented 96 projects.
The average cost of implemented projects for the first 5 months of this year was $ 67.2 million.
Russia since 1972 accounted for 20.4 percent of projects implemented by Turkish construction companies abroad. To date, projects in the amount of $ 97.9 billion have been implemented in this country.
Further followed by Turkmenistan with a share of 10.6 percent. The cost of implemented projects in this country is estimated at $ 50.8 billion.
Iraq is in third place with a share of 6.9 percent. The cost of implemented projects in this country is estimated at $ 33.1 billion. Further follow Libya and Kazakhstan.
The target market of the Turkish contract sector also covers Saudi Arabia. This country accounts for 5.2 percent, and the cost of projects is estimated at $ 24.9 billion.
The largest number of projects implemented by the Turkish contracting sector are recorded in housing construction – 13.9 percent. The cost of these projects is estimated at 66.6 billion dollars.
The following are projects related to the construction of motorways, tunnels and bridges. Such projects account for 13.5 percent, their cost is estimated at 64.7 billion dollars.
energy projects account for 8.5 percent, the cost of these projects is estimated at $ 40.5 billion.
In addition, Turkish contractors took over the construction of shopping centers abroad in the amount of $ 34.7 billion and airports in the amount of $ 34.7 billion.