Turkey Infrastructure Report Q3 2015 - New Market Study Published

Our 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 . H owever, we note there is potential for the sector to be tarnished if President Erdogan's growing grip on power is extended by constitutional amendment .

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 4.6%.

Key Forecasts And Developments

* 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. The Turkish Prime Minister Ahmet Davutoglu announced the USD3.5bon project for a three-story, 6.5km undersea tunnel, which will connect the Asian and European sides of Istanbul with road and rail links.
* 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 5.8% in the energy and utilities sectors between 2015 and 2024, with nuclear capacity also entering construction in 2015.

Full Report Details at
- http://www.fastmr.com/prod/1001193_turkey_infrastructure_report.aspx?afid=301

Residential And Non-Residential Building

Although our expectations for growth in the residential sector remain robust, the non-residential building sector will be hit by the devaluation in the lira and broader performance of the Turkish economy - we note forecast real growth in the residential and non-residential...

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

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