Turkish contractors undertake $27.4B worth of overseas projects in 2023

By Tuba Ongun

Turkish contractors undertook $27.4 billion worth of overseas projects in 2023, the centenary of the Republic of Türkiye, the nation's trade minister said on Wednesday.

"We achieved to close the year surpassing our target of $20 billion by one-third," Omer Bolat told an event organized by the Turkish Contractors' Association in the capital Ankara.

The total worth of 12,071 contacting projects undertaken by Turks in 135 countries has increased to $501.9 billion by the end of last year, Bolat said.

"Despite everything," Russia retained the top spot in terms of project size undertaken by Turkish contractors with $4.6 billion, he stressed.

Romania, where Turkish companies mostly undertake railway, metro and highway projects, was placed second with a size of $3.6 billion. Turkmenistan and Saudi Arabia ranked third and fourth, Bolat said.