Turkey Infrastructure Report Q2 2015 - New Market Report

From: Fast Market Research, Inc.
Published: Fri Feb 20 2015

Turkey's drive to increase the private sector's presence in the infrastructure sector has gathered pace in early 2015, in line with our view that despite short-term headwinds, Turkey presents an attractive long-term market. F inancing risks have grown over the past year, particularly in light of a depreciating currency and we are monitoring political risks in the form of President Erdogan's growing grip on power.

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 4.7%.

Key Forecasts And Developments

* Major projects have now 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. The consortium building the connecting highway has secured financing for the next phase of construction. The successful sale of 30% Socar's Turkish subsidiary Petlim Ports, which is developing the port (also known as the Aegean Gateway Terminal), to US investor Goldman Sachs is indicative of the attractive investment profile many Turkish infrastructure assets still hold.
* Turkey's power privatisation scheme continues, with a number of assets having been sold to the private sector over Q115. In a number of cases, the private sector has also announced plans to invest in newly acquired assets and has submitted proposals for new generation units. We forecast average real growth of 5.8% in the energy and utilities sectors between 2015 and 2024, with nuclear capacity also entering the construction phase in 2015.
* Turkey's strategic geographical position is paying off. Situated between one of the world's largest gas deposits and one of the world's biggest gas markets (the EU), Turkey has become a crucial part of the international energy infrastructure. This quarter, the prequalification bids for the...

Full Report Details at
- http://www.fastmr.com/prod/956915_turkey_infrastructure_report_q2_2015.aspx?afid=301

The Turkey Infrastructure Report features Business Monitor International (BMI)'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

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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