Contractors received 7,500 million dollars of work from abroad in the first half of the year
The number of projects carried out abroad by the Turkish contracting sector in the first 6 months of the year has been determined.
Thus, the sector received 7,500 million dollars of foreign business in the first half of the year.
According to the compilation made from data from the Ministry of Commerce, from 1972 to the end of June, the sector undertook 11,758 projects for 480 thousand 545 million 315 thousand dollars in 133 countries.
Despite severe political instability, cyclical issues and the effects of the Covid-19 outbreak in target countries in 2020, the sector received 371 jobs worth $16.2 billion.
In 2021, in parallel with the decline in the negative impact of the epidemic on the global economy, the total cost of projects undertaken by Turkish companies abroad increased to $30.7 billion.
The number of projects carried out during this period was recorded at 443.
AVERAGE COST OF PROJECTS 68.1 MILLION DOLLARS
The overseas contracting industry has spent the past year in the shadow of global economic woes and the Russia-Ukraine War.
In this period, the number of projects carried out by the sector was 492, and the total cost of the project was 19.1 billion dollars. The average cost of projects undertaken last year was estimated at $38.8 million.
The sector undertook 110 projects in the January-June period of this year.
The cost of the projects carried out during this period was recorded at 7 thousand 498 million 146 thousand dollars. The average cost of the projects carried out in the first 6 months of the year was calculated at 68.1 million dollars.
MIDDLE EAST COUNTRIES ATTRACT ATTENTION
Russia ranked first with a 20.4 percent share in the distribution of projects carried out abroad by contractor companies since 1972, by country.
To date, 97.900 million dollars in projects have been executed in that country.
Turkmenistan followed Russia with a 10.6 percent share. The amount of the projects carried out in this country amounted to 50,800 million dollars. Iraq ranked third with a 6.9 percent share and $33.1 billion in completed projects. These countries were followed by Libya with a $30.2 billion project and Kazakhstan with a $27.9 billion project.
The countries of the Middle East are also important for the recruitment sector.
Also highlighted was the Saudi Arabian market, which the sector is targeting for more shares, with a 5.2 percent share and a project cost of $25.1 billion. In this period, projects for $19.9 billion were undertaken in Qatar and $12.5 billion in the United Arab Emirates.
FIRST RANK HOUSING PROJECTS
When looking at the areas where the most projects have been carried out to date, it was observed that housing projects ranked first with a share of 13.9%. The cost of these projects was 66.6 billion dollars.
Housing projects were followed by highways, tunnels and bridges with a 13.6% share and a project value of $65.3 billion.
Energy ranked third with a share of 8.5 percent. The amount of projects carried out by this sector to date has exceeded 40.900 million dollars.
Turkish contractors have so far completed $34.7 billion in shopping malls and $30.7 billion in airport projects abroad. (AA)