Overview of best prospect sectors, major infrastructure projects, significant government procurements and business opportunities.
Last Published: 6/17/2019

The Government of Turkey has undertaken a number of infrastructure projects, which have, until recently, presented substantial opportunities for U.S. firms in virtually any sector.  However, the last year has seen a marked slowdown in the Turkish economy as a confluence of factors such as a weakening currency, rising interest rates, burdensome debt levels and rising unemployment, from which Turkey may need several years to fully recover.  As a result, several previously slated infrastructure projects have been put on hold.  That said, numerous opportunities remain for U.S. products and services in both the government and consumer spheres.  The civilian aerospace sector has grown over 200% in the last decade.  The New Istanbul Airport, which officially opened in April, is expected to become the world’s largest airport.  Project opportunities are chiefly in new regional airport projects, maintenance and repair operation (MRO) facilities and air traffic control systems.  In the energy sector, while fiscal constraints continue to weigh heavily, Turkey still plans to invest tens of billions of dollars by 2023 in projects, including geothermal, (smart) grid projects, gas, nuclear, and renewables.  Both the public and private sectors continue to invest substantially in advanced manufacturing, information and communication technologies and healthcare, among other sectors.

Turkey’s movement toward membership in the European Union, though stalled, has nevertheless created momentum to adopt many European business regulations and standards in the country, ultimately making it easier to sell and conduct business in this market than in previous years.  Despite some political and economic uncertainty, Turkey still has numerous opportunities for U.S. products and services and the CS Turkey team is ready to assist.

Prepared by the International Trade Administration. With its network of more than 100 offices across the United States and in more than 75 markets, the International Trade Administration of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.