According to a compilation of data from the Ministry of Trade, the overseas contracting sector undertook 11,745 projects worth 479.5 billion dollars in 133 countries between 1972 and the end of May.
Despite the serious political instability, cyclical problems and the effects of the Covid-19 outbreak in the target countries in 2020, the sector received 371 jobs worth 16.2 billion dollars.
In 2021, in parallel with the decrease in the negative impact of the pandemic on the world economy, the total value of the projects undertaken by Turkish companies abroad increased to 30.7 billion dollars. The number of projects undertaken in this period was recorded as 443.
The average cost is 39 million dollars
The overseas contracting sector spent last year were the overshadowed of global economic problems and the Russia-Ukraine War. The number of projects undertaken by the sector in this period was 492 and the total project value was 19.1 billion dollars. The average value of the projects undertaken last year was calculated as 38.8 million dollars.
The sector undertook 96 projects in the January-May period of this year. The value of the projects undertaken in this period was recorded as 6 billion 459 million 199 thousand dollars. The average value of the projects undertaken in the first 5 months of the year was calculated as 67.2 million dollars.
Russia and Turkmenistan ranked first
Russia ranked first with a share of 20.4 percent in the distribution of projects undertaken abroad by contracting companies since 1972. To date, 97.9 billion dollars worth of projects have been realized in the said country.
Russia was followed by Turkmenistan with a share of 10.6 percent. The projects undertaken in this country amounted to 50.8 billion dollars. Iraq ranked third with a share of 6.9 percent and 33.1 billion dollars worth of projects undertaken. Libya and Kazakhstan followed these countries.
The Saudi Arabian market, which the contracting sector is focusing on to get more share, also stood out with a share of 5.2 percent and a project value of 24.9 billion dollars.
Considering the areas where the most projects have been undertaken so far, it was seen that housing projects ranked first with a share of 13.9 percent. The value of these projects amounted to USD 66.6 billion.
The highest number of housing and highway projects undertaken
Housing projects were followed by roads, tunnels and bridges with a share of 13.5 percent and a project value of 64.7 billion dollars.
The energy sector ranked third in the number of projects undertaken abroad with a share of 8.5 percent. The amount of projects undertaken by this sector so far exceeded 40.5 billion dollars.
Turkish contractors have so far undertaken $34.7 billion worth of trade center and $30.7 billion worth of airport projects abroad.
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