Lo­cal con­trac­tors carry out over­seas projects worth $19.4B

Daily Sabah (Turkey) - - Front Page -

EVEN with the many dif­fi­cul­ties ex­pe­ri­enced in the in­ter­na­tional eco­nomic and po­lit­i­cal sys­tem, Turk­ish con­tract­ing com­pa­nies un­der­took 261 over­seas projects worth $19.4 bil­lion last year, Trade Min­is­ter Ruh­sar Pek­can said yes­ter­day.

TURK­ISH con­tract­ing com­pa­nies un­der­took 261 over­seas projects worth of $19.4 bil­lion de­spite the po­lit­i­cal and eco­nomic prob­lems ex­pe­ri­enced across the world last year, Trade Min­is­ter Ruh­sar Pek­can said yes­ter­day.

The con­tract­ing sec­tor, Min­is­ter Pek­can stressed, has been suc­cess­fully rep­re­sent­ing Turkey abroad for years, bring­ing se­ri­ous in­come to the coun­try in the process.

Un­der­lin­ing that the project amount reached is an im­por­tant suc­cess achieved de­spite the many dif­fi­cul­ties ex­pe­ri­enced in the in­ter­na­tional eco­nomic and po­lit­i­cal con­junc­ture, Pek­can also stated that this suc­cess can be con­sid­ered as proof that Turk­ish con­trac­tors can put in a se­ri­ous per­for­mance in dif­fi­cult con­di­tions abroad.

Pek­can stated that the av­er­age project cost of the sec­tor was recorded as $75 mil­lion, cit­ing a ma­jor­ity of projects un­der­taken in 2018 were listed as power plants with $3 bil­lion; road, tun­nel, and bridge con­struc­tion with $2.9 bil­lion; mil­i­tary fa­cil­i­ties with $2.2 bil­lion; rail­way with $1.9 bil­lion; and air­port con­struc­tion with $1.6 bil­lion.

“The fact that the hous­ing sec­tor in which our coun­try un­der­took the high­est num­ber of projects in 2018 cu­mu­la­tively is not in the top five, while sec­tors with more added-value are listed in the top five in­stead is an in­di­ca­tion that the firms of our coun­try are un­der­tak­ing more qual­i­fied and niche projects abroad,” she con­tin­ued.

Pek­can said the Turk­ish con­tract­ing sec­tor has reached a size of $378.9 bil­lion abroad since 1972, adding the sec­tor has un­der­taken close to 9,600 projects in 123 dif­fer­ent coun­tries. Pek­can fur­ther ex­plained that the projects un­der­taken since 2002 amounted to $329.1 bil­lion in to­tal. Rus­sia, Saudi Ara­bia, Qatar, Su­dan, Poland, Kaza­khstan, Turk­menistan and Al­ge­ria took the lead in the largest num­ber of projects un­der­taken by the sec­tor last year, Pek­can said. Point­ing to the im­por­tance of tak­ing a strong place in the mar­kets of Rus­sia, Saudi Ara­bia, Turk­menistan and Qatar once again, Min­is­ter Pek­can stated that reach­ing a sig­nif­i­cant size in mar­kets like Su­dan and Poland has raised their ex­pec­ta­tions for the fu­ture. The trade min­is­ter noted there are two European coun­tries among the top 10 coun­tries with the high­est num­ber of projects last year. “This is an in­di­ca­tion that the con­trac­tors of our coun­try have moved out of the traditional mar­kets and added new mar­kets to their port­fo­lio,” she noted.

Shar­ing data on the tech­ni­cal con­sul­tancy sec­tor, Pek­can said the sec­tor dis­played a very im­por­tant per­for­mance in 2018 in spite of the global chal­lenges, reach­ing a size of $143 mil­lion in 61 projects. Pek­can also added the sec­tor has so far reached a cu­mu­la­tive amount of $2.1 bil­lion in projects un­der­taken in 110 coun­tries.

Newspapers in English

Newspapers from Turkey

© PressReader. All rights reserved.