Construction

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When the Republic of Turkey emerged from the ashes of the Ottoman Empire 90 years ago, the fledgling nation had little indigenous industrial capacity. This was especially clear in the construction sector, which was dominated by foreign firms. Things began to change during the Cold War climate of the 1950s, when Turkey began receiving more development assistance from the...

The real estate sector has been highly dynamic in recent years, with investor sentiment impacted both positively and negatively by a flurry of regulations, new megaprojects and the quarterly health of the economy. At the same time, the country – especially its largest city – has cemented itself as the darling of investors looking for strong...

Chapter | Construction & Real Estate from The Report: Turkey 2013

The construction sector is riding high on the back of a raft 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. After shrinking in 2009 as the result of a financial crisis, the sector helped lead the economic recovery by growing by 18.3% and 11.5% in 2010 and...

At an average of 5.1% between 2003 and 2012, Turkey has experienced one of the world’s highest growth rates over the past decade. This was accompanied by drops in joblessness and poverty, as well as gains in school enrolment, home ownership and life expectancy. 

Plans unveiled in 2010 aim to transform Brunei Darussalam’s capital, Bandar Seri Begawan (BSB), from a sleepy riverside town to a modern city that serves as a centre for key service industries. Government officials laid the groundwork for the city’s evolution in 2007, when the sultan approved the expansion of the city from 1287 ha to 10,036 ha,...

For the past half-decade the real estate market in Brunei Darussalam has been dominated by massive government housing projects that cater to the unfulfilled residential demand in the Sultanate. According to the Ministry of Development, 17,500 units will be built by 2014, which should meet demand levels through 2012, and another 18,000 units are...

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