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Turkish contractors bag $7.6bn worth of overseas projects

The average value of Turkish contractors' projects increased to $92.3 million in the first half of 2024, up from $65 million in 2023 Shutterstock/Bell Ka Pang
The average value of Turkish contractors' projects increased to $92.3 million in the first half of 2024, up from $65 million in 2023

Turkish contractors have started work on overseas projects valued at $7.6 billion in the first half of 2024, according to official data.

The number of projects reached 82 in the January-June period, state-run Anadolu Agency said, quoting trade ministry data.

The average project value increased to $92 million in the first half of 2024, up from $65 million in 2023 and $39 million in 2022.

No country specific details were given for the six-month period.

Since 1972, the Turkish contracting sector has completed 12,207 projects worth $511 billion in 137 countries.

Russia ranked first in project distribution country-wise, with a 20 percent share, amounting to $102 billion.

Turkmenistan followed with a 10.5 percent share, equivalent to $53 billion.

Iraq ranked third with a 6.8 percent share, translating to $35 billion in projects.

Libya and Kazakhstan followed with $31 billion and $29 billion worth of projects, respectively, the report said.

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