Construction in Turkey - Key Trends and Opportunities to 2018, New Report Launched

Lewes, DE -- (SBWIRE) -- 10/21/2014 -- The Turkish construction industry increased at a compound annual growth rate (CAGR) of 12.60% during the review period (2009–2013). Despite the eurozone crisis, the country’s construction industry has outperformed its neighbouring countries, having been supported by private and public investments in infrastructure, residential and institutional construction projects. Infrastructure construction activity increased with government investment and private sector participation through public-private partnerships (PPPs). Several infrastructure projects have been implemented under the PPP model, and a number of projects are presently underway – particularly in transport infrastructure. Industry growth is expected to continue over the forecast period (2014–2018), as a result of both the government’s focus on developing physical and social infrastructure in the country, and an anticipated recovery in the global economy. Consequently, the industry is anticipated to post a forecast-period CAGR of 8.07%.