DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/63149c/turkey_infrastruct) has announced the addition of the "Turkey Infrastructure Report Q1 2012" report to their offering.
BMI View: Waning confidence in the Turkish construction sector prompts us to believe that the market is poised for a moderate 8.3% growth in 2011 and an even slower 7.2% growth in 2012. However, BMI remains optimistic about the long-term growth potential in the segment, thanks to a slew of ongoing high profile projects in the country, most notably the Sino-Turkish 'strategic partnership' high-speed rail project.
BMI's core scenario foresees infrastructure sector as the main contributor to overall construction industry value, as opposed to the current domination of the residential and non-residential building sector.
Transport infrastructure segment is likely to be the prime driver from 2012, fuelled by the construction of the Izmit Bay Crossing-Gebze-Izmir motorway, a third Bosporus bridge and the high -speed rail network spanning almost 2,300km, to name but a few. BMI expects real growth in the segment to average just under 12% between 2011 and 2016
Equally promising developments are taking place in the energy and the utilities segment, where BMI expects growth to be led by the country's large population, low current per capita power consumption and historically high consumption growth. A further push to this will come from the government's National Wind Energy System, which was unveiled in October 2011 and will involve the setting up of a locally-built 500-KW wind turbine by end-2012 and a 2,500-KW wind turbine by 2014 in the first stage.
Companies Mentioned:
- Gama Holdings
- Enka Insaat
- Nurol Insaat ve Ticaret AS
For more information visit http://www.researchandmarkets.com/research/63149c/turkey_infrastruct