Turkey’s construction industry is an international heavyweight. Of the world’s 250 biggest contractors, 40 are Turkish, behind only China and America
Save time by listening to our audio articles as you multitask. Many have long had a big footprint in north Africa. Of late they have begun making inroads in the continent’s south. Last year alone the value of projects undertaken by Turkish builders in sub-Saharan Africa was $5bn, or 17% of all Turkish building projects abroad, up from a paltry 0.3% before 2008. The region has overtaken Europe and the Middle East , and is second only to countries of the former Soviet Union.
Some assistance for Turkish projects comes from Turkey’s export-credit bank and public lenders from Japan. Both countries are, for their own strategic reasons, keen to check Chinese interests in Africa. Still, the Turks concede that they can rarely compete with Chinese rivals on price. “We cannot match the Chinese, because they come in with their own financing and we have to go to the markets,” says Basar Arioglu, chairman of Yapi Merkezi, another big construction firm.
The Turks are also happy to comply with African governments’ demands to hire local subcontractors and workers, which the Chinese have been more reluctant to do. This is in large part making a virtue out of necessity: whereas Chinese firms can afford to bring their own skilled workers, including engineers, to Africa, Turkish ones often cannot.
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