7,855.06 TL BIST 100 BIST 100
28.92 $ USD USD
€31.16 EUR EUR
38.38 TL Interest Interest
74.67 $ Fossil Oil Fossil Oil
23.80 $ Silver Silver
3.75 $ Copper Copper
132.52 $ Iron Ore Iron Ore
387.00 $ Ship Dismantling Ship Dismantling
1,883.86 TL Gold (gr) Gold (gr)

Turkey has 4.4% share of the global construction market

Despite the losses caused by the war between Russia and Ukraine and the increasing project costs and risks, Turkey managed to be included in this year's list of the "World's 250 Largest International Contractors" with 40 companies. In terms of the number of companies, Turkey maintained its second place in the world. China ranked first with 81 companies, followed by the USA with 39 companies. Turkey had a 4.4% share of the global construction market.

Turkey has 4.4% share of the global construction market

The Turkish Contractors Association (TCA) has announced the results of the "World's 250 Largest International Contractors List" for 2023. According to ENR, in its bulletin entitled "Firms Face Challenges in the Big Picture", the size of the global construction market increased from USD 398 billion to USD 428.5 billion in 2022. The bulletin highlighted high global inflation, skills shortages and supply chain issues. It was noted that the projects undertaken in the sector are an advantage for companies in the ongoing change, but the increasing cost of projects is a question mark for the period ahead.

6 Turkish companies made it into the top 100. As in the previous year, 2 Turkish companies were among the top 50.

Regionally, the activities of Turkish companies were mainly concentrated in Europe, including Russia (USD 9.2 bn), the Middle East (USD 4.3 bn), Africa (USD 3.1 bn) and Asia (USD 1.9 bn).


No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Striking increase in Turkey's scrap exports in October: 151 percent!

Thursday, December 7, 2023

KARDEMİR will establish a 27.3 MW solar power plant in Van

Thursday, December 7, 2023

This week in European steel market!

Thursday, December 7, 2023

Innovative trends propel nut coke market amidst metallurgical advancements

Thursday, December 7, 2023

Oman surpasses expectations with surging steel exports and pioneering sustainability initiatives

Thursday, December 7, 2023
Follow List
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.

There are no news categories you follow
Edit Notification Preferences

Global Iron and Steel Exchanges

Iron and Steel Indices, Price and News

E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now