Turkey ConstructionCompanies (2024 - 2029)

Turkey Construction Market Companies Summary

The construction industry in Turkey has been significantly impacted by the COVID-19 pandemic, with disruptions to construction sites, project cancellations, and supply chain issues. The sector's importance to the Turkish economy means these disruptions have had a significant overall impact. However, the government's plans for infrastructure projects, including high-speed rail lines and increasing renewable energy's share of electricity generation, are expected to boost the sector. The residential sector is also expected to see growth due to the government's urban development program and lower interest rates. The construction market in Turkey is expected to rebound, supported by investments in transport and renewable energy infrastructure projects. The government's focus on reducing greenhouse gas emissions and increasing renewable energy capacity is expected to further boost the sector. There are also plans to redevelop military sites, particularly in Istanbul. Additionally, the expansion of Antalya International Airport is expected to upgrade infrastructure and increase passenger handling capacity. The growth of the construction sector is also being driven by population growth, which is expected to drive residential construction.