03 Dec Construction industry in Turkey: facts and figures
Some facts and figures observing the construction industry in Turkey.
- Turkey has one of the largest construction industries in the world.
- The GDP of construction sector is over 6% and more than 1.5 million people are currently employed by this sector. When the direct and indirect impacts on other sectors are taken into account, the share of the construction sector in the Turkish economy reaches 30% and the employment rate reaches %10.
- The growth trend in construction industry has reached 11.2% by the end of 2011. This sector is one of the main driving force in the economic uplift of the country.
- One of the most important projects for Turkey is the construction of the high speed railway line which will connect the capital city with the largest population center of Istanbul and serve for more than 17 million people.
- The Turkish Contractors Association (TCA) has currently 139 members from Turkeys main contracting companies: 90% of the members of TCA is composed of engineers and architects. These highly qualified professionals are responsible for the realization of 70% of domestic construction works and 80% of over 4200 projects undertaken in 69 countries.
- 31 Turkish contracting companies were ranked among “The World’s Top 225 International Contractors” announced by the leading international industry magazine “ENR- Engineering News Record” in 2011.
- Up until the end of 2011, Turkish contractors have undertaken almost 6500 projects in 94 countries, with a total value of some 206 billion USD.
- The first country Turkish contractors exported their services to was Libya.
- In 2011, Turkish contractors have undertaken new projects totaling 19.3 billion USD: with a share of 17.7%, Russian Federation has been the leading market for Turkish contractors, followed by Turkmenistan (17.0%), Iraq (9.8%) and Kazakhstan (8.9%).
- Turkey is also among the world’s top 12 producers of building materials such as cement, glass, steel and ceramic tiles.