Minister Bolat: Turkish Contracting Sector Signs Projects Worth $570 Billion Across 139 Countries

Speaking at the General Assembly of the European International Contractors held in Istanbul, Trade Minister Ömer Bolat announced that the Turkish international contracting sector has successfully completed tenders and projects worth $570 billion across 139 countries.

Change and Resilience in the Global Economy

Trade Minister Ömer Bolat evaluated the changes in the global economy and supply chains during the General Assembly of the European International Contractors held at a hotel in Istanbul.

Minister Bolat stated that efficiency is no longer sufficient on its own and that economic resilience has gained great importance in the face of recent regional wars and protectionist trends.

Infrastructure Investments and Transportation Network

Stating that Turkey has realized over $300 billion in investments in the field of infrastructure, Bolat conveyed that a major transformation has taken place in port, airport, highway, and railway projects.

Touching upon the Halkalı-Kapıkule High-Speed Train Line and Ankara-İzmir railway projects, Minister Bolat emphasized that the Middle Corridor places Turkey in a strategic position between Asia and Europe.

Economic Growth and Income Increase

Stating that Turkey's national income has shown a significant increase over the past 23 years, Bolat expressed that as of June 2026, the national income reached $1.7 trillion.

He noted that the per capita national income rose from its level in 2002 to $18,000 as of December 2025 and is expected to exceed $20,000 by the end of the year.

Global Success of the Contracting Sector

Reminding that the international contracting sector first started its operations in Libya in 1972, Bolat stated that it has reached 12,900 projects in 139 countries today.

Announcing that the sector has successfully completed a total of $570 billion worth of tenders, Minister Bolat stated that $520 billion of this amount was realized in the last 23 years.