Contract Business April 2019

milestone projects especially in the
Commonwealth of Independent
States, the Middle East and North
Africa in time.
Turkish Contactors have undertaken
46,2 billion US Dollars’ worth of
project value between the years
1972 and 2002, in 30-year time.
Since 2002, the international project
value has reached to 283 billion US
Dollars. The value of the projects
undertaken in the last 14 years is
86% of all projects. Similarly, while
annual project value was 2,9 billion
US Dollars in 2001, it reached to 30
billion US Dollars in 2012 and 2013.
Moreover, the number of projects
undertaken annually reached to 414
in 2013 and 336 in 2014, though it
was 208 in 2002. The improvement
is not only quantitative but also
qualitative. This can be extracted
from the change of average value of
the projects in years. The average
value of a project has increased from
22 million US Dollars up to 98
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