Turkey Construction

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...

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...

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...

What are the factors you evaluate when determining whether or not to invest in a project abroad?

The urban centres of Istanbul and many secondary cities around Turkey are set for a dramatic transformation, as major districts are rebuilt, historic areas renewed and new cities founded. This presents opportunities for the construction sector, even as the magnitude of developments makes it crucial for the government to be transparent and...