Falcon powers – The amount of projects completed by the Turkish construction sector outside the country reached $4.3 billion in the first quarter of 2024, with Russia emerging as the largest market for this vital sector.
The Turkish construction sector executed 40 projects outside Turkey in the first three months of the year, with an average value of $107 million per project.
The total number of projects implemented by the construction sector since 1972 until last March amounted to around 12,000 projects in 136 countries, with a total value of $507.2 billion.
Russia ranked first, accounting for 20.1% of the total projects, with a value of $102.1 billion. Turkmenistan came in second with a share of 10.5% and a value of $53.4 billion, followed by Iraq with a share of 6.8% and a value of $34.6 billion.
Libya ranked fourth with a value of $30.8 billion, followed by Saudi Arabia in fifth place with $27.8 billion. Algeria followed with $21 billion, and Qatar with $20.2 billion.
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