The contracting industry undertook a project for 8,900 million dollars in 7 months.

From 1972 to the end of July this year, the Turkish contracting industry executed 11,768 projects worth $482 billion in 134 countries.

According to the compilation carried out by the AA correspondent based on data from the Ministry of Commerce, the sector undertook 371 jobs worth 16.2 billion dollars in 2020, despite the political instability in the destination countries, the current problems and the effects of the Covid-19 epidemic.

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.

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 120 projects in the January-July period of this year. The cost of the projects carried out during this period was recorded at 8 thousand 933 million 299 thousand dollars. The average cost of the projects carried out in the first 7 months of the year was calculated at 74.4 million dollars.

From 1972 to the end of July this year, the offshore contracting industry completed 11,768 projects worth $482 billion in 134 countries.

RUSSIA RANKED FIRST

Russia ranked first with a 20.3 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, while the number of projects undertaken was $50.8 billion. Iraq ranked third with a 6.9 percent share and $33.2 billion in completed projects. These countries were followed by Libya with a $30.2 billion project and Kazakhstan with a $27.9 billion project.

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. During this period, a project worth $19.9 billion was carried out in Qatar and $12.5 billion in the United Arab Emirates.

Turkish contractors have so far completed $34.7 billion in shopping malls and $30.7 billion in airport projects abroad.

PRIZES WILL BE AWARDED

On the other hand, Turkey ranks second in the “World’s Top 250 International Contracting Companies List” announced by the international industry magazine Engineering News Record (ENR).

The Turkish Contractors Association (TMB) will host the “Overseas Contracting Services Award Ceremony” on Tuesday, August 22.

At the ceremony expected to be attended by President Recep Tayyip Erdoğan and Commerce Minister Ömer Bolat, Turkish contracting companies that are included in the list will receive their awards. (AA)