Overview
The GoT’s support of the construction sector has ensured its lasting growth over a handful of decades. Among the more important aspects of this sector is its intersection with related sectors, and its subsequent role as a pillar of the Turkish economy. Recent data indicates the sector is responsible for nearly 30% of the country’s GDP. From the 1970s through today, Turkish contractors have taken on over 11 thousand projects in 131 markets worth over $453 billion. Turkish construction firms continue to have a strong presence in markets throughout Europe, the Middle East, Africa, and other CIS countries by offering well-skilled and diversified services.
TURKISH INTERNATIONAL CONTRACTING SERVICES (1972-2021)
| By Countries | By Subfields |
Russian Federation 21.0% Turkmenistan 11.0% Iraq 6.9% Libya 6.5% Kazakhstan 6.0% Saudi Arabia 5.3% Algeria 4.4% Qatar 4.1% Azerbaijan 3.4% UAE 2.8% Others 28.6% | Housing 13.6% Road/Bridge/Tunnel 13.1% Petrochemical Plant 4.3% Power Plant 8.6% Tourism Facilities 3.8% Others 25.5% Commercial Center 7.5% Industrial Plant 6.7% Airport 6.7% Railway 5.7% Social/Cultural Facilities 4.6% |
Countries with the most contractors:
- China
- USA
- Türkiye
- Italy
- Japan
- S. Korea
- Spain
- India
- Australia
- Germany
- Egypt
- France
- Other
Biggest Construction Companies in Türkiye
This ranking is based on total volume of projects.
1- RC Rönesans İnşaat 2- Limak İnşaat 3- Enka İnşaat 4- İçtaş İnşaat 5- Mapa İnşaat 6- Tekfen inşaat 7- Güriş İnşaat 8- YDA İnşaat 9- TAV Tepe Akfen 10- Nurol İnşaat 11- Çelikler Taahhüt İnşaat | 12- Eczacıbaşı Yapı 13- Tepe İnşaat 14- Çimsa Çimento 15- Akçansa Çimento 16- Nuh Çimento 17- Şa-Ra Enerji İnşaat 18- Bursa Çimento 19- Çimko Çimento 20- Caba İnşaat 21- NEF
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Reconstruction of Cities in Earthquake area in Türkiye
Considering the lasting impact of the February 2023 earthquakes in Southern Türkiye, regional reconstruction may take years. Turkish and international organizations like the European Bank for Reconstruction and Development (EBRD), World Bank, and United Nations have focused on developing resilient city infrastructure post-earthquakes. The World Bank alone has provided $1.78 billion to aid for reconstruction. The EBRD has expanded its public and private sector collaborations, working closely with various companies across sectors to support building resilience and durability. With investments totaling over nearly $18.5 billion since 2009 – 93% of which have gone to the private sector – the EBRD is the largest institutional investor in Türkiye. The Bank made around $1.75 billion in total investments in the Türkiye in 2022.
Türkiye holds opportunities for U.S. companies to assist in reconstruction. Given high inflation, Türkiye is a very cost-sensitive market, but third-party financing may alleviate some of the financial sensitivities guiding official decision-making. U.S. companies can make profound contributions and profitable investments in strengthening fragile buildings using cutting-edge earthquake technologies. U.S. companies can work closely with Türkiye’s own developed constriction sector to form partnerships and explore additional investment opportunities in Türkiye or in third markets.
For further information on the energy sector, contact:
Ali Bestas
Finance and Construction Lead
U.S. Commercial Service
U.S. Embassy, Ankara, Türkiye