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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...

While Turkey’s vital role as a hydrocarbons transit corridor will one day be a reality, which pipeline projects get off the ground remains to be seen. Of all the contenders competing to take gas from Azerbaijan’s Shah Deniz II reservoir via Turkey, only the Trans Adriatic Pipeline (TAP) and Nabucco West remain. The Shah Deniz Consortium plans to...

The Islamic finance sector in Turkey received a powerful boost in 2012 as the government entered the market with its debut issues of sukuks, the Islamic equivalent of bonds. The successful debuts – one in the domestic market and another in the international Eurobond market...

While much attention has been given to Turkey’s residential projects, especially those falling under its urban transformation plan, the office and retail markets are also displaying increased sophistication. The announcement of the Istanbul Financial Centre (IFC), which aims to create a business district on the Asian side, is sparking investment...