The Turkish Ministry of Trade has reported that construction projects valued at $53.3 billion are being implemented in Turkmenistan; signifying Turkey’s significant presence in this sector of the country.
By comparison, the total value of projects implemented by Turkish contractors in Russia amounted to $102.3 billion, making it the largest market for the Turkish sector, whilst in Kazakhstan, its market share is $29.5 billion.
Statistics show that 13.9% of all realized foreign projects are related to the construction of highways, tunnels, and bridges, while 13.8% are for housing; 8.6% for power plants; 7.1% for shopping centers; and 6.6% for airports.
In 2024, Turkish contracting companies completed 148 projects abroad worth $11.2 billion, while 433 international projects totaling $28.1 billion were completed last year. The average value of projects increased from $64.9 million in 2023 to $75.7 million in 2024.
Following a meeting on September 2, between the National Leader of the Turkmen people, Gurbanguly Berdimuhamedov and Chairman of the Board of Erman Ilydjak, a new shopping center will be built in Ashgabat by Turkish company Rönesans Holding.
