USD 127 billion
Total value of PPP contracts in Turkey during the 2003-2018 period.
Total number of PPP projects in Turkey during the 2003-2018 period.
Expected growth in Turkey’s total installed power generation capacity from 2018 to 2023 (from 88 GW to 120 GW).
Number of new hospital beds in 32 integrated health campuses across Turkey.
Total length of new motorway (toll roads) projects in Turkey.
Total length of new high-speed railway projects in Turkey.
Diameter of Turkey’s planned triple-deck Grand Istanbul Tunnel crossing under the Bosphorus strait.
Annual passenger capacity once all stages are completed of the newly commissioned Istanbul Airport in Turkey.
Turkey’s developing economy offers lucrative investment opportunities in infrastructure across a wide variety of sectors including transportation, healthcare, and energy. According to the World Bank, Turkey ranks 3rd globally in Public-Private Partnership (PPP) projects, with a total contract value of USD 165 billion from 1990 to 2015. With a successful track record of over 220 PPP implementations across a diversified portfolio of infrastructure assets, Turkey has been able to realize around 80 percent of those projects over the past decade.
Turkey has solid rationales for investment in infrastructure:
- The Turkish economy exhibits a robust annual GDP growth rate of 5.5 percent on average.
- Turkey’s 82 million strong population is growing by an additional 1 million every year; this is coupled with a rapid urbanization process that has resulted in more than 20 urban centers with populations over 1 million, and of which 9 of those 20 have populations of over 2 million.
- Turkey’s growing international trade volume and strategic location compel the country to develop its infrastructure.
- As a bridge between the East and the West, Turkey leads the Middle Corridor at the heart of the Belt and Road Initiative (BRI).
- Hosting more than 600,000 foreign patients a year, Turkey has significantly improved the quality of its healthcare services and will continue to invest in healthcare infrastructure to catch up with OECD.
- From transportation to healthcare and to energy, ample opportunities from mega to micro projects are available in the pipeline.
- Turkey has favorable investment legislation for PPP investments that may be realized through various models, such as build-operate, build-operate-transfer, transfer of operational rights, etc.
- Turkey’s government provides various forms of support and incentives to accelerate the project development.
- Turkey’s investment climate is further strengthened by domestic and international laws that protect investments and provide international arbitration.
- Turkey’s macroeconomic policies, investments, and more importantly, strong public finance management, support PPP investments that require guaranteed purchase.