Construction & Real Estate

The construction sector responded to the 2008-09 financial crisis with promising growth on the back of rising urbanisation and a newly announced urban renewal plan to secure the nation’s cities against earthquakes. Additionally, international interest in the country’s real estate investments, particularly from the Middle East, is helping to drive the sector. With a constantly rising need for affordable, mid-class, and luxury residential properties, as well as the prominence of mixed-use buildings and commercial properties, and a vast pipeline of infrastructure projects, the industry is expected to grow persistently in the course of the next decade. This chapter has interviews with Ahmet Haluk Karabel, the President of the Housing Development Administration of Turkey (TOKİ); Avni Çelik, the Chairman of Sinpaş; Erman Ilıcak, the Chairman of Rönesans Holding; and Anthony Khoi, the President and CEO of Aerium Turkey.