Turkey Infrastructure Report

Providing expert analysis, independent forecasts and competitive intelligence on the Infrastructure industry.

Report includes: BMI Industry View, Industry SWOT Analysis, BMI Industry Forecast, BMI's Infrastructure Risk Reward Index, Market Overview and Company Profiles.

Why you should buy this report

  • Gain independent insight into the outlook for the infrastructure industry through BMI's 10 year forecasts
  • Understand the market through analysis of projects , investment plans and key players
  • Understand the threats to your operations and investments and protect your company against future risks
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Turkey Infrastructure Report
Product Price
$1,295.00

BMI View : Factors which were outlined last quarter such as currency depreciation, tightening credit and political risk remain elevated and over H2 15 security risks have also emerged - as such we have downgraded our 2016 and 2017 real growth forecasts for the Turkish construction sector. The government will remain committed to infrastructure and the residential sector, but in the face of poor economic sentiment , the non-residential sector will be hardest hit over 2016.

Latest Updates And Structural Trends

  • We have downgraded our construction industry value real growth forecasts for 2016 and 2017, now 3.2 and 4.3% y-o-y respectively.

  • On the back of a strong project pipeline, we maintain a healthy transport infrastructure industry real growth outlook. Energy and utilities infrastructure growth has been lowered for 2016 on the back of the breakdown in relations between Moscow and Ankara and its impact on Turkey's nuclear and pipeline projects.

  • Driven by the contracts awarded under the government's USD500bn regeneration programme and continued strong building in Istanbul, the residential sector will perform well. We forecast real annual average growth of 3% over our 10-year forecast period, with the non-residential sector dragging down that figure.

Infrastructure - Construction Industry Forecasts (Turkey 2014-2020)
2014 2015f 2016f 2017f 2018f 2019f 2020f
f = BMI forecast. Source: National Sources, BMI
Construction industry value, TRYbn 79.74 87.00 96.31 107.19 118.98 131.57 144.86
Construction Industry Value, Real Growth, % y-o-y 2.20 1.50 3.15 4.25 4.35 4.08 3.85
Construction Industry Value, % of GDP 4.6 4.5 4.5 4.6 4.6 4.6 4.7

Risk/Reward Index

  • Turkey ranks in 7 th place within the Central and Eastern Europe grouping the RRI, with an overall score of 54.5.

  • The size and long-term growth potential of the Turkish infrastructure market is significant, but Turkey's banking sector remains reliant on expensive external financing. Turkey's Rewards score is 53.4

  • Transparency in the tendering process remains a concern but more use of the public-private partnership model will begin to address this. Policy continuity under the AKP will help assure investments. Turkey's Risks score is 56.9.

Infrastructure Risk Reward Index (Turkey 2015-2015)
Risk/Reward Index Rewards Industry Rewards Country Rewards Risks Industry Risks Country Risks
Source: BMI
54.5 53.4 47.5 64.4 56.9 70.0 48.2
BMI Industry View
7
SWOT
8
Infrastructure SWOT
8
Industry Forecast
10
Construction And Infrastructure Forecast Scenario
10
Table: Construction And Infrastructure Industry Data (Turkey 2013-2018)
10
Table: Construction And Infrastructure Industry Data (Turkey 2019-2024)
11
Transport Infrastructure - Outlook And Overview
19
Table: Transport Infrastructure Industry Data (Turkey 2013-2018)
19
Table: Transport Infrastructure Industry Data (Turkey 2019-2024)
20
Table: Major Projects - Transport
31
Energy And Utilities Infrastructure - Outlook and Overview
37
Table: Energy And Utilities Infrastructure Data (Turkey 2013-2018)
37
Table: Energy And Utilities Infrastructure Data (Turkey 2019-2024)
38
Major Projects Table - Energy & Utilities
46
Table: Major Projects - Energy & Utilities
46
Residential/Non-Residential Building - Outlook And Overview
50
Table: Residential and Non-Residential Building Industry Data (Turkey 2013-2018)
50
Table: Residential and Non-Residential Building Industry Data (Turkey 2019-2024)
50
Major Projects Table - Residential/Non-Residential Construction And Social Infrastructure
55
Table: Key Projects Residential/Non-Residential
55
Industry Risk Reward Ratings
58
Turkey - Infrastructure Risk/Reward Index
58
Turkey - Risk/Reward Index
58
Rewards
58
Risks
59
CEE Infrastructure RRI: EU Support Key For Rewards
60
Competitive Landscape
65
Table: Turkey - Major Domestic Construction Players
69
Company Profile
71
Enka Insaat
71
Table: Enka Results, USDmn
73
Global Industry Overview
74
Table: Infrastructure Key Themes 2015
74
Table: Asia: Key Reforms
79
Methodology
81
Industry Forecast Methodology
81
Sector-Specific Methodology
82
Risk/Reward Index Methodology
86
Sector-Specific Methodology
87
Table: Infrastructure Risk/Reward Index Indicators
87
Table: Weighting Of Indicators
88

The Turkey Infrastructure Report features BMI Research's market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Turkey Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Turkish infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for Turkey to test other views - a key input for successful budgetary and planning in the Turkish infrastructure market.
  • Target business opportunities and risks in the Turkish infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Turkey.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant national and multinational company developments. These are broken down into construction (social, commercial and residential), transport (roads, railways, ports, airports, etc), and energy & utilities (powerplants, pipelines and so on).

Industry SWOT Analysis

Analysis of the major strengths, weaknesses, opportunities and threats within the infrastructure and construction sectors and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (up to 2012) and forecasts to end-2024 for all key industry indicators, supported by explicit assumptions, plus analysis of key developments in the market and risks to the main forecasts. Indicators include:

Construction: Industry value (USDbn); contribution to GDP (%); total capital investment (USDbn); real growth (%).

Construction industry real growth forecasts (%) and industry value (USDbn) forecasts for industry sectors are split into Residential and Non-residential and Infrastructure sectors. Where the data is available for particular countries the infrastructure is further broken down into indicators for the transport subsectors of roads, railways, airports and ports and the energy and utilities sub-sectors of power plants and transmission grids, oil & gas pipelines and water infrastructure. This dataset is unique to the market.

The reports also include analysis of latest projects across the infrastructure sectors (transport, utilities, commercial construction).

BMI’s Infrastructure Risk Reward Index

BMI’s Risk Reward Index provides investors (construction companies, suppliers and partners) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and  demographic data points. These provide indices of highest to lowest appeal to investors, with each position explained.

Market Overview

An assessment of the competitive landscape and key challenges to entering the market. Details of the largest companies active in the sector across the sub-segments of the industry, including the key financial figures from some of the largest players in the sector.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Sources

The Infrastructure reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.