Turkey Infrastructure Report

Published 03 September 2015

Quarterly 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

BMI View : O ur view that despite short-term headwinds , Turkey presents an attractive market for investors remains in play, although we note those assets which deliver lira denominated returns will face poor profitability due to the ongoing depreciation in the lira against the US dollar . Government guarantees should shore up investor confidence .

On the back of a strong project pipeline, we maintain a healthy construction industry real growth outlook. Average real construction industry growth for the period 2015-2024 is forecast at 4.44%.

Key Forecasts And Developments

  • With nearly USD350bn of major projects already ongoing and the Turkish government seemingly committed to ensuring under way, growth in the construction industry, Turkey is clearly offers a plethora of investment opportunities. Major projects have entered the construction phase and will continue to support our growth forecasts over coming years. Construction has started on Istanbul's third airport and bridge across the Bosphorus. Our positive outlook for the Turkish infrastructure sector has been further buoyed by the announcement of a third tunnel to be built under the Bosphorus Strait. Turkish Prime Minister Ahmet Davutoglu announced the USD3.5bn construction of a three-story, 6.5km undersea tunnel, which will connect the Asian and European sides of Istanbul by road and rail.

  • Turkey's power privatisation scheme continues and in a number of cases, the private sector has also announced plans to invest in newly acquired assets and submitted proposals for new generation units. We forecast average real growth of 5.78% in the energy and utilities sectors between 2015 and 2024, with nuclear capacity also entering construction in 2015.

Residential And Non-Residential Building

Although our expectations for growth in the residential sector remain robust, the non-residential building sector has been hit by the devaluation of the lira and broader performance of the Turkish economy, especially...

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BMI Industry View
Infrastructure SWOT
Industry Forecast
Construction And Infrastructure Forecast Scenario
Table: Construction And Infrastructure Industry Data (Turkey 2013-2018)
Table: Construction And Infrastructure Industry Data (Turkey 2019-2024)
Transport Infrastructure - Outlook And Overview
Table: Transport Infrastructure Industry Data (Turkey 2013-2018)
Table: Transport Infrastructure Industry Data (Turkey 2019-2024)
Table: Major Projects - Transport
Energy And Utilities Infrastructure - Outlook and Overview
Table: Energy And Utilities Infrastructure Data (Turkey 2013-2018)
Table: Energy And Utilities Infrastructure Data (Turkey 2019-2024)
Major Projects Table - Energy & Utilities
Table: Major Projects - Energy & Utilities
Residential/Non-Residential Building - Outlook And Overview
Table: Residential and Non-Residential Building Industry Data (Turkey 2013-2018)
Table: Residential and Non-Residential Building Industry Data (Turkey 2019-2024)
Major Projects Table - Residential/Non-Residential Construction And Social Infrastructure
Table: Key Projects Residential/Non-Residential
Industry Risk Reward Ratings
Turkey - Infrastructure Risk/Reward Index
Turkey - Risk/Reward Index
CEE Infrastructure RRI: EU Support Key For Rewards
Competitive Landscape
Table: Turkey - Major Domestic Construction Players
Company Profile
Enka Insaat
Table: Enka Results, USDmn
Global Industry Overview
Table: Infrastructure Key Themes 2015
Table: Asia: Key Reforms
Industry Forecast Methodology
Sector-Specific Methodology
Risk/Reward Index Methodology
Sector-Specific Methodology
Table: Infrastructure Risk/Reward Index Indicators
Table: Weighting Of Indicators

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).


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.


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.