Turkey

Previous examples show that the development of capital markets goes hand-in-hand with economic prosperity. Although wealth accumulation is a prerequisite for capital markets growth, alone it is insufficient. A stable macro environment and well-functioning market structure are also needed. We believe Turkey’s capital markets are at an inflection point, and expect them to...

Efforts to ensure long-term economic growth in the republic will not succeed without substantial investments in transport infrastructure. This is well understood by the government, which nearly doubled public spending on the sector as a percentage of GDP between 2004 (1.06%) and 2010 (1.92%), according to figures from the World Bank. “Turkey’s...

Amid the growth in incomes and the overall economy, Turkey’s retail sector has acquired modern-scale segmentations with plenty of local and foreign players benefitting from rising consumption. Indeed, the sector has expanded rapidly in recent years, with urban centres like Istanbul seeing an array of new shopping centres constructed. Meanwhile,...

The construction sector is riding high on the strength of major infrastructure projects, particularly in road and bridge development, and an ongoing urban regeneration plan that will see one-third of the country’s houses torn down and rebuilt.

Efforts to position Istanbul as a global aviation centre are gaining momentum, and Turkish Airlines (THY) is helping to lead the way through international network expansion. Equally important, major projects are moving ahead to upgrade the city’s airport infrastructure, which is straining under the pressures of rapidly increasing demand. The...