Türkiye earned $71.5B from privatizations in 1986-2023 period: Report

By Hulya Omur Uylas

Türkiye generated a total of $71.5 billion from privatization in 1986-2023, according to data compiled by Anadolu from the country's privatization authority.

Modern privatization practices in Türkiye began in 1986 with unfinished facilities, small-scale enterprises, and some large factories, as well as various public offerings.

They accelerated in sectors including textiles, petrochemicals, cement, feed industry, iron and steel, tobacco and alcohol, and electricity distribution.

The total number of privatizations carried out by the Privatization Board of Türkiye between 1986 and 2023 amounted to $71.5 billion, according to the authority's​​​​​​​ 2023 annual report.

- ⁠Treasury received $346M in 2023

Tenders for 51 privatizations were conducted last year, generating approximately $181 million in revenue. Together with the installments from 2022, total revenue reached $440 million in 2023.

Total transfers to the Treasury, meanwhile, amounted to $346 million.

The privatization authority is currently preparing for a public offering of Türkiye’s state-owned electricity operator Turkish Electricity Transmission Corporation (TEIAS).

Meanwhile, the Fenerbahce Marina, situated on Istanbul's Asiatic coast to the Sea of Marmara, is expected to be retendered in the second quarter of 2024.

As for the port of Cesmeli in the northwestern province of Tekirdag, on the European side of the same sea, its privatization is planned for completion later this year.

Preparations are also being made for the privatization of the Gokceada Kuzu Port and Kabatepe Port in the northwestern city of Canakkale.

*Writing by Emir Yildirim