The total cost of projects implemented by Turkish construction companies abroad in the first half of this year, made up by the contracting sector abroad in the first half of the year, amounted to $7.5 billion. Recall that for the first 5 months this amount was equal to $6.5 billion.
According to reports received from the Ministry of Commerce, from 1972 to the end of June 2023, Turkish contractors received requests for the implementation of 11,758 projects in 133 countries, totaling $480,545,315,000.
Despite significant political instability, economic problems and a pandemic in most of these countries, 371 jobs were created in Turkish construction companies thanks to foreign projects.
In 2021, in parallel with the reduction of the negative impact of the pandemic on the global economy, the total cost of projects implemented by Turkish contractors abroad reached $30.7 billion (443 projects implemented that year). In 2022, 492 projects for a total of $19.1 billion; the average cost of one project last year was $38.8 million.
In January-June of this year alone, the sector received orders for 110 projects, totaling $7,498,146,000. The average cost of the project this year is almost twice as high: $68.1 million.
The largest number of orders since 1972 came from Russia (20.4%, or one in five), followed by Turkmenistan (10.6%) and Iraq (6.9%).
Of course, not only housing is being built, although it is mostly: 13.9% of all orders. Real estate projects are followed by motorways, tunnels and bridges (13.6%), followed by energy projects (8.5%). The construction of shopping malls and airports is also in demand; to date, Turkish contractors have implemented projects of shopping malls and air hubs abroad in the amount of $34.7 billion.
Earlier it was reported that it was in the Russian Federation that the construction companies of the Republic of Turkey have implemented projects worth almost $100 billion over half a century.