Even as Turkey gears up for a major series of investments in infrastructure, residential and commercial construction, its biggest companies are cutting their teeth in developing countries around the world. A host of contractors have been making a name for themselves internationally over the past several decades, working mainly in the Middle East and...
Is increased competition from foreign companies, which are drawn by demographic growth, squeezing local manufacturers? ÖZİLHAN: Over the past two decades, Turkey has experienced two major economic transformations. First, it became part of the EU’s Customs Union, and second, following the 2001 financial crisis, Turkey...
The world’s first hybrid combined-cycle power plant, developed by General Electric and California-based eSolar, will not be built in the US or Europe. Instead, MetCap Energy Investments is launching the groundbreaking €450m project in the central Turkish province of Karaman. Revolutionary technology that combines natural gas with wind and solar...
With property values rising, the rest of the world has turned its attention to Turkey’s booming real estate market. In addition to the obvious attractions of portfolio investments in this emerging market, the past several years have seen many foreigners buying Turkish property as a first or second home. Moreover, legal changes are expected to expand...
Long hailed as the crossroads of civilisations and a bridge between continents, Turkey is now looking to upgrade its physical infrastructure in a bid to improve competitiveness. With a growing population of just under 75m, it faces bottlenecks in moving people and goods across its vast area and through its crowded cities. Moreover, strengthening...
With economic activity in Turkey traditionally centred on the north-western provinces around Istanbul, along with the Izmir and Ankara urban areas, successive governments have attempted to incentivise businesses to establish themselves in other, less-developed regions. Since the 1960s, a key part of this strategy has been the creation of a variety...
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