Construction Company Turkey
Construction Company turkey is one of the most important and dynamic sectors in the Turkish economy. It employs about 1.8 million people and accounts for 5.9% of the country’s GDP. It is estimated that the sector’s exports reach more than $37 billion per year. This makes it the seventh largest construction industry in the world and one of the most powerful economic drivers of the economy.
According to the Ministry of Commerce, in 2022 the construction sector carried out 85 projects abroad worth about 3.9 billion dollars (TL). In the first half of 2020, Russia, Iraq, Croatia and Qatar were the leading markets for Turkish contractors.
The construction sector in Turkey is famous for being able to complete complex and large-scale projects even under adverse conditions. For example, the building of a 200-bed capacity hospital in Mogadishu was completed within 12 months despite a contract period of 24 months. Besides, the projects are designed to provide a profit to the investor and offer a high quality of life for the residents.
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Some of the top Turkish construction companies include Tekfen, Limak, and Ronesans Holding. They have global and ambitious construction operations that make them leaders in their respective fields. These companies also provide innovative solutions to their clients, including earthquake-resistant buildings and infrastructures.
Founded in 1976, Limak Construction is the second largest international contractor in the world and ranks among the top 250 companies on Engineering News-Record’s list of the “World’s Largest International Contractors.” The company specializes in all types of infrastructure and superstructure projects, including airports, ports, dams, hydroelectric power plants, water treatment facilities, industrial plants, food factories, pipelines and multiple-use complex structures.
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In addition to its global construction operations, the company is renowned for its expertise in building hotels. It has built many luxury hotel projects in various cities across the country. It is also known for delivering projects on time and under budget.
The firm has the advantage of a highly skilled workforce and state-of-the-art engineering technology. It has also won many awards for its projects, including the prestigious RIBA Award. The company is also involved in the development of a number of high-rise and mixed-use projects.
The construction sector in Turkey is highly profitable and competitive, especially since it offers good prospects for investors. Moreover, it has strong support from the government and is developing rapidly due to the ongoing peace process in Syria and political stability in the region. Construction work in the country is a source of employment for about 1.8 million people and provides 5.9% of GDP, making it the seventh largest construction industry in the world. This is why it is a promising investment opportunity for foreign companies. Furthermore, it has a diversified workforce and excellent infrastructure.
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