Turkish contractors secure $2.3 billion in overseas projects in first five months
Turkish contractors undertook 40 projects worth $2.3 billion across 15 countries in the first five months of this year, according to data from the Trade Ministry.The Turkish contracting sector remains among the top 10 countries globally in terms of international contracting revenues.
In 2020, the sector carried out 386 projects abroad with a total value of around $18 billion. This figure rose significantly in 2021, when Turkish firms secured 463 projects worth $32 billion, marking the highest annual project value on record.
The total value of overseas projects declined to $20.1 billion in 2022 due to the impact of the COVID-19 pandemic, although the number of projects increased to 513. In 2023, the sector recovered, with project totals reaching $28.8 billion across 449 projects. Despite global economic challenges and the effects of the Russia-Ukraine war, Turkish contractors secured projects worth $29.9 billion in 2024, completing 386 deals.
Last year, the number of projects fell to 309, with a total value of $22.5 billion.
