With Turkey undergoing a major construction drive during the last few years, many associated trades have seen solid growth. One segment showing particularly impressive expansion has been insulation, which has averaged higher growth than construction as a whole, on the back of the insulation of both existing buildings and new ones. There is also still much room for...
Directly responsible for a significant share of GDP and with its contractors active right across the globe, Turkey’s construction sector has been at the forefront of the country’s recent economic development. Over the last decade, the sector has transformed the skyline of Istanbul and other cities, renewed and extended Turkey’s transport infrastructure, and built new...
From residential to retail property, the Turkish real estate market has flourished in the last few years. Buoyed by economic and demographic growth, rising incomes, market liberalisation and a major urban renewal programme, the sector has also been attracting strong international interest which has spread beyond traditional buyers in Europe and the Gulf, and beyond the...
As Turkey’s economy and population have expanded, growth in its construction sector has benefitted from the existence of a vibrant domestic industry for manufacturing machinery. According to 2013 data from the Turkish Construction Equipment Manufacturers and Distributors Association (IMDER), the construction and mining machinery and equipment (CMME) sub-sector posted the...
In an effort to join the club of nuclear nations, Turkey has announced plans to build 12 nuclear reactors by 2030, with the intention that 20% of power generation capacity will be provided from this source. However, while eight projects have been approved, delays have already befallen the initial build-own-operate (BOO) project, Akkuyu 1, pushing the commencement of its...
While Turkey may be at the crossroads of civilisations, it is in a hydrocarbons cul-de-sac. The country is surrounded on all sides by significant oil and gas deposits that all stop short of Turkish frontiers. The bountiful Zagros fold and thrust belt, which extends from the Arabian Peninsula up through Mesopotamia, ends at the Turkish-Iraqi border. A few hundred miles away is...
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