Lo­cal con­trac­tors com­plete projects worth $15B in Africa

Con­tract­ing com­pa­nies from Turkey have ac­tu­al­ized a num­ber of in­fras­truc­ture projects in the African con­ti­nent in the last four years such as high­ways, rail­ways, ports and bridges, which amounted to $15 bil­lion

Daily Sabah (Turkey) - - Front Page - IS­TAN­BUL / DAILY SABAH WITH AA

THERE has been a sig­nif­i­cant in­crease in the num­ber of projects that Turk­ish con­trac­tors un­der­took in Africa in the re­cent years. The con­trac­tors built rail­ways, high­ways, ports, bridges and tun­nels and com­pleted var­i­ous projects amount­ing to $15 bil­lion in the con­ti­nent over the past four years.

TURK­ISH con­trac­tors that started their work over­seas in Libya have made a name for them­selves with large projects un­der­taken in Africa in re­cent years.

These con­trac­tors have achieved great suc­cess in Africa by build­ing rail­ways, high­ways, ports, bridges and tun­nels and com­plet­ing projects amount­ing to $15 bil­lion over the past four years.

Ac­cord­ing to data from the Turk­ish Con­trac­tors As­so­ci­a­tion (TMB), Turk­ish con­tract­ing ser­vices ac­tu­al­ized 76 projects amount­ing to $5 bil­lion in African coun­tries in 2015. Al­though the fig­ure dropped to $2.1 bil­lion in 2016 due to re­gional de­vel­op­ments, it rose again in 2017, reach­ing $5 bil­lion.

Turk­ish con­trac­tors car­ried out 81 projects in Africa in 2017, in­clud­ing rail­ways, high­ways, ports, bridges, tun­nels and var­i­ous hous­ing projects.

The com­pa­nies un­der­took 17 projects worth $1.7 bil­lion in Africa in the first nine months of this year.

TMB Chair­man Mithat Yenigün said the Turk­ish con­tract­ing in­dus­try ex­panded over­seas for the first time with projects in Libya in 1972.

In­di­cat­ing that they have worked in 120 coun­tries so far, Yenigün said they have achieved turnover of about $370 bil­lion and im­ple­mented 9,400 projects in 46 years.

Un­der­lin­ing that the per­for­mance of Turk­ish build­ing con­trac­tors in­creases ev­ery day, he said: “Con­fi­dence in us is ris­ing, too. We em­barked on a quest for new mar­kets af­ter the Rus­sian, Iraqi and Libyan mar­kets that we dom­i­nate.”

Stress­ing that there is a huge po­ten­tial in sub-Sa­ha­ran Africa, Yenigün said that these coun­tries lack fund­ing power how­ever. “We nev­er­the­less see that we are start­ing to make progress there by do­ing busi­ness with Euro­pean com­pa­nies. Our new goal is to work with Euro­peans in Africa and third mar­kets,” he added.

Emre Aykar, former chair­man of the Con­fed­er­a­tion of In­ter­na­tional Con­trac­tors’ As­so­ci­a­tions, noted that Turk­ish con­trac­tors signed con­tracts worth $25 bil­lion abroad an­nu­ally from 2005 to 2015. In­di­cat­ing that Iraq, Libya and Rus­sia con­sti­tute 36 per­cent of this amount, Aykar said: “The an­nual vol­ume of $25 bil­lion has now de­clined to $12-14 bil­lion. Thus, we are look­ing for new mar­kets. Turk­ish build­ing con­trac­tors have started to un­der­take big projects in Africa in the past three years. I think that the gap in the Libyan, Iraqi and Rus­sian mar­kets will be com­pen­sated for in the com­ing years.”

Em­pha­siz­ing that no one can pre­vent Turk­ish build­ing con­trac­tors, Aykar said that they will tar­get South Amer­ica af­ter Africa. “To live, con­trib­ute to our na­tional econ­omy and main­tain em­ploy­ment, we will go to work there,” he said.

Summa Chair­man and TMB Deputy Chair­man Se­lim Bora said that ev­ery­one eyes Africa be­cause it has im­por­tant op­por­tu­ni­ties and com­pe­ti­tion.

Ac­cord­ing to Bora, Africans who don’t have the op­por­tu­nity to work with Turk­ish com­pa­nies are amazed at the projects and per­for­mances of Turk­ish con­trac­tors.

Bora noted that ma­jor work has been done and con­tin­ues to be done with the sup­port of Turk­ish Ex­im­bank and said: “Turk­ish con­trac­tors stand out for their courage among other com­pa­nies. Our ex­pe­ri­ence adapt­ing to in­stant changes in our re­gion puts us at the fore­front in Africa. In ad­di­tion, since we are able to reach 58 coun­tries with a four-hour flight, we have a great lo­gis­ti­cal ad­van­tage. Our man­u­fac­tur­ing in­dus­try also has a praise­wor­thy per­for­mance.”

Turk­ish con­trac­tors Li­mak and Summa con­structed the Aéro­port In­ter­na­tional Blaise-Di­agne Air­port in Sene­gal’s cap­i­tal Dakar with a 575-mil­lion-euro in­vest­ment.

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