Bahrain has remained largely insulated from international external risks and has weathered the global economic shocks of the recent past relatively well. At the height of the international financial downturn, for example, the kingdom avoided falling into recession and even achieved real GDP growth of more than 6% in 2008 and over 3% in 2009.
Efforts to ensure long-term economic growth in the republic will not succeed without substantial investments in transport infrastructure. This is well understood by the government, which nearly doubled public spending on the sector as a percentage of GDP between 2004 (1.06%) and 2010 (1.92%), according to figures from the World Bank. “Turkey’s...
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...
What are the government’s goals for the aviation sector in Turkey over the next decade, and what is the likelihood of these objectives being achieved? ŞENER: Throughout the 2000s, Turkey’s aviation business performed strongly. Three main factors contributed to this success: outward foreign economic policy, political stability and the successful privatisation of...
Continued economic progress in Turkey will require greater private investment in logistics services, which would help local firms enhance their competitiveness in the global marketplace through cost savings and faster order fulfilment. The government also has a key role to play by facilitating the development of transport infrastructure,...
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