GoT-supported major infrastructure projects have long presented opportunities for U.S. firms. Even with several previously slated infrastructure projects put on hold, opportunities remain for U.S. products and services in both the government and consumer spheres. The civilian aerospace sector has grown significantly in the last fifteen years. Project opportunities are chiefly in maintenance and repair operation (MRO) facilities, air traffic control systems, and commercial space projects. In the energy sector, Türkiye has drastically increased its imports of LNG to diversify its energy suppliers. Offshore oil and gas exploration will continue in the Mediterranean Sea and the Black Sea. The same impulse to diversify Türkiye’s energy supply has resulted in an uptick of license tenders for renewable energy projects, specifically solar, wind, and geothermal.
Both the public and private sectors continue to invest substantially in advanced manufacturing, information and communication technologies, and healthcare, among other sectors. The GoT will be releasing a handful of 5G-related tenders in 2024, and opportunity exists for U.S. firms to partner with Turkish firms on the country’s rollout of this cutting-edge telecommunications technology.
Türkiye’s previous movement toward membership in the European Union — which the GoT is working to reinvigorate — led to the market’s adoption of many European business regulations and standards, ultimately making it easier to sell products and conduct business in Türkiye than in previous years. Despite economic uncertainty, especially in regard to regulatory risks, including the new disinformation and e-commerce laws, sanctions, and exports controls, Türkiye still has numerous opportunities for U.S. products and services, and CS Türkiye is ready to assist.
Market Opportunities
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