According to the compilation made from the Ministry of Commerce data, the sector undertook 371 jobs worth 16.2 billion dollars in 2020, despite the political instability in the target countries, cyclical problems and the effects of the Covid-19 outbreak.
In 2021, in parallel with the decrease in the negative impact of the epidemic on the world economy, the total cost of the projects undertaken by Turkish companies abroad increased to 30.7 billion dollars. The number of projects undertaken during this period was recorded as 443.
The overseas contracting industry spent the last year under the shadow of global economic problems and the Russia-Ukraine War. In this period, the number of projects undertaken by the sector was 492, and the total project cost was 19.1 billion dollars. The average cost of projects undertaken last year was calculated as $38.8 million.
The sector undertook 120 projects in the January-July period of this year. The cost of the projects undertaken during this period was recorded as 8 billion 933 million 299 thousand dollars. The average cost of the projects undertaken in the first 7 months of the year was calculated as 74.4 million dollars.
From 1972 until the end of July this year, the overseas contracting industry undertook 11,768 projects worth 482 billion dollars in 134 countries.
Middle Eastern countries draw attention
Russia ranked first with a share of 20.3 percent in the distribution of projects undertaken abroad by contracting companies since 1972, by country. To date, 97.9 billion dollars of projects have been implemented in the said country.
Turkmenistan followed Russia with a share of 10.6 percent, while the amount of projects undertaken was 50.8 billion dollars. Iraq ranked third with a 6.9 percent share and 33.2 billion dollars of projects undertaken. These countries were followed by Libya with a project of 30.2 billion dollars and Kazakhstan with a project of 27.9 billion dollars.
The Saudi Arabian market, which the sector focuses on to get more shares, also stood out with a 5.2 percent share and a project cost of 25.1 billion dollars. During this period, a project worth $19.9 billion was undertaken in Qatar and $12.5 billion in the United Arab Emirates.
Turkish contractors have realized 34.7 billion dollars of trade center and 30.7 billion dollars of airport projects abroad so far.
Awards will be given
On the other hand, Turkey ranks second in the “World’s Top 250 International Contracting Firms List” announced by the international industry magazine Engineering News Record (ENR).
The Turkish Contractors Association (TMB) will organize the “Overseas Contracting Services Awards Ceremony” on Tuesday, August 22.
At the ceremony where President Recep Tayyip Erdoğan and Minister of Commerce Ömer Bolat are expected to attend, Turkish contracting companies that are included in the list will be given their awards.