Turkish contractors abroad reach $20.3 bln in projects

Normal 0 21 false false false TR X-NONE X-NONE According to an analysis of the projects undertaken by Turkish constructors throughout 2010, the construction sector was successful in winning international construction deals despite a decline in revenue in the domestic market due to the global financial crisis. The analysis showed that the value of total projects undertaken in 48 countries around the world reached $20.3 billion in 2010. Turkmenistan topped the list of countries where Turkish contractors had the most construction projects, with a value of $4.25 billion. This was followed by Libya -- the first foreign country where Turkish contractors won construction projects. Despite the sharp decline in deals with Turkish contractors after the country was hit by anti-government protests, Libya managed to remain the second country on the list with construction projects that totaled $2.46 billion last year. These two countries were followed by Iraq ($1.19 billion), Russia ($1.70 billion), Iran ($1.11 billion), Oman ($979 million), Georgia ($939 million) and Qatar ($882 million).