TSK66
05-25-2010, 02:45 AM
The Kuwaiti government has invited Turkish contractors to participate in upcoming tenders for infrastructure projects totaling $24 billion, Finance Minister Mehmet Şimşek said on Monday.
Speaking to the Anatolia new agency in Ankara, the minister recalled that he met with Kuwaiti Deputy Prime Minister Muhammad al-Sabah during the recent Arab Economic Forum and that al-Sabah conveyed the Kuwaiti government’s invitation for Turkish construction firms to join approaching tenders for new infrastructure projects. “We are going to visit Kuwait to participate in a Turkey-Kuwait Joint Economic Commission this week. Al-Sabah asked me to bring a large group of representatives from construction firms. The deputy minister said he wanted to communicate the details of the new projects with our contractors in person since his country is keen to share Turkey’s experiences in the construction industry,” Şimşek explained. Noting that the size of the projects undertaken by Turkish contractors has reached $155 billion in 70 different countries, Şimşek said the government is committed to doing its part so such successes can also be maintained in the years to come.
Kuwait is an attractive market for Turkish contractors that are keen to branch out into new areas. The Gulf country expects the construction projects to be completed prior to 2020, focusing in particular on infrastructure projects for the petrochemical industry. In addition, the amount of transportation, tourism, mass housing and business center projects that Kuwait plans to conclude in the next 10 years is expected to exceed $50 billion.
Sharing his views on the issue, Şükrü Koçoğlu, president of the Turkish Construction Industry Employers’ Union (İNTES), said on Monday in Ankara that Turkish contractors are renowned worldwide thanks to a number of successful projects that they have completed thus far. “We are receiving invitations to engage in new projects from Middle Eastern and North African countries along with Russia and some others in Europe. There is cutthroat competition in the global construction market, and Turkish firms are strengthening their position every year.”
According to data from the Foreign Trade Undersecretariat, Turkish contractors have on average undertaken 395 projects per year between 2003 and 2009. In this period, 2008 saw 562 projects carried out by Turkish firms, its highest number to date. This number, however, fell to 337 last year due to a sharp decline in the market amid the global financial crisis. In 2009, the value of all construction projects undertaken by Turkish firms reached $20 billion. Of the projects that have been started by Turkish contractors between 2003 and 2009, Russia has the largest share with 18.2 percent, followed by Libya, Turkmenistan, Kazakhstan and the UAE.
25 May 2010, Tuesday
TODAY’S ZAMAN ANKARA
http://www.todayszaman.com/tz-web/news-211072-kuwait-invites-turkish-contractors-to-bid-on-24-bln-in-projects.html
Speaking to the Anatolia new agency in Ankara, the minister recalled that he met with Kuwaiti Deputy Prime Minister Muhammad al-Sabah during the recent Arab Economic Forum and that al-Sabah conveyed the Kuwaiti government’s invitation for Turkish construction firms to join approaching tenders for new infrastructure projects. “We are going to visit Kuwait to participate in a Turkey-Kuwait Joint Economic Commission this week. Al-Sabah asked me to bring a large group of representatives from construction firms. The deputy minister said he wanted to communicate the details of the new projects with our contractors in person since his country is keen to share Turkey’s experiences in the construction industry,” Şimşek explained. Noting that the size of the projects undertaken by Turkish contractors has reached $155 billion in 70 different countries, Şimşek said the government is committed to doing its part so such successes can also be maintained in the years to come.
Kuwait is an attractive market for Turkish contractors that are keen to branch out into new areas. The Gulf country expects the construction projects to be completed prior to 2020, focusing in particular on infrastructure projects for the petrochemical industry. In addition, the amount of transportation, tourism, mass housing and business center projects that Kuwait plans to conclude in the next 10 years is expected to exceed $50 billion.
Sharing his views on the issue, Şükrü Koçoğlu, president of the Turkish Construction Industry Employers’ Union (İNTES), said on Monday in Ankara that Turkish contractors are renowned worldwide thanks to a number of successful projects that they have completed thus far. “We are receiving invitations to engage in new projects from Middle Eastern and North African countries along with Russia and some others in Europe. There is cutthroat competition in the global construction market, and Turkish firms are strengthening their position every year.”
According to data from the Foreign Trade Undersecretariat, Turkish contractors have on average undertaken 395 projects per year between 2003 and 2009. In this period, 2008 saw 562 projects carried out by Turkish firms, its highest number to date. This number, however, fell to 337 last year due to a sharp decline in the market amid the global financial crisis. In 2009, the value of all construction projects undertaken by Turkish firms reached $20 billion. Of the projects that have been started by Turkish contractors between 2003 and 2009, Russia has the largest share with 18.2 percent, followed by Libya, Turkmenistan, Kazakhstan and the UAE.
25 May 2010, Tuesday
TODAY’S ZAMAN ANKARA
http://www.todayszaman.com/tz-web/news-211072-kuwait-invites-turkish-contractors-to-bid-on-24-bln-in-projects.html