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Tue April 16 2024

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International contractors eye Turkey

25 Feb 13 Turkey’s multi-billion-dollar urban transformation project to safeguard millions of buildings in earthquake-prone provinces is attracting international interest according to the head of the country’s investment agency.

The president of the Investment Support & Promotion Agency of Turkey (ISPAT), Ilker Ayci, claimed that the work is estimated to create a market of about US$500bn (£320bn) within the next decade.

Turkey’s urban transformation is the centre of attention for the world’s leading construction companies, Ayci said. He added that the Agency was getting increasing numbers of enquiries from foreign builders seeking cooperation with Turkey’s Housing Development Administration (TOKI) and its subsidiary Emlak Konut.

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