Turkish firms bag $220B projects overseas in 10 years

Turkish firms bag $220B projects overseas in 10 years11/07/2017 (Anadolu Agency – Turkey): The business volume of Turkish contractors worldwide reached approximately $220 billion during the last 10 years, according to data from the Economy Ministry on Friday. The contractors ranked second in the world after China, taking up 4,152 projects overseas between 2008 and 2017. The first contracted project was carried out in Libya in 1972; since then until the last July Turkish firms have carried out 9,018 projects in 117 countries, totaling $344.7 billion in business volume.The average project cost was $37.1 million in 2008, which doubled to $79.3 million in July this year. Russia ranked first with $67.6 billion (19.6 percent) among projects carried out in the last 45 years. This was followed by Turkmenistan with $46.8 billion (13.6-pct) and Libya with $28.9 billion (8.4-pct)…

http://aa.com.tr/en/economy/turkish-firms-bag-220b-projects-overseas-in-10-years/882398

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