The outcomes of the report by the Turkish Building Materials Manufacturers Association for the month of May 2017 indicate that the construction sector witnessed a qualitative leap during this month.

According to data issued in this context, there was an increase in the number of building permits obtained during this period, with an increase of 15% in number, 17.2% in area, 3.6% in value and 11.6% In terms of the number of apartments during the first quarter of the year.

The month of May has witnessed an increase in the construction sector by 10 points more than in April, and accordingly it was found that the increase between the month of May of this year compared to the same month last year increased by 7.2%.

The data show that the construction sector has experienced rapid a recovery with the high demand from both local and foreign investors.

The campaigns launched by construction...

The General Directorate of Civil Aviation in Turkey announced that it has agreed to grant the construction of an international airport in the district of “Gash” one of the most important tourist centers in the city of Antalya that overlooks the Mediterranean Sea in southern Turkey, to be the second international airport in the city.

The Directorate General of Civil Aviation will submit the request for approval by the Ministry of Communications and start the contracting process thereafter, and it is expected that the new investment will make a contribution worth up to 2 billion USD to the budget of Turkey.

The project is expected to be built on the concept of “build-operate-deliver” and is currently the most powerful option.

The airport is expected to serve 5 million passengers a year and will significantly contribute to the influx of tourists to Antalya as it will be an important way...

Turkish Minister of Trade and Customs Boulant Tovenkigi participated in the inauguration of the Arakanak tunnel. He said during the inauguration. “Turkey has entered into 2017 in a strong manner and Large investments will continue rapidly, this tunnel is considered a revolution in Turkey’s modern history, only one tunnel has been built in decades, but it is now possible to finish very large projects within a short period of time.”
The Turkish government continues to make huge investments across the country. It has recently opened the Arkanak tunnel, which was built in 2011 and links East Anatolia to the Mediterranean.
This tunnel is considered one of the most important projects on the road of Turkey, which was built in a very difficult mountain area using the latest technology, the project lasted 6 years due to some difficulties.
During the last 14 years, Turkey has managed to build...

The President of the Republic of Turkey and the President of the Justice and Development Party Mr. Recep Tayyip Erdogan to give orders to accelerate and finish the works on the mega projects in Turkey.

Based on recent information about the third airport in Istanbul, the first phase of the airport has been completed and will be inaugurated in February 2018.

The second Istanbul Tunnel and the Istanbul Canal, which are currently under construction, will be completed by studying the land conditions in 2023.

The statement pointed out that the opening of the third metro line - the third bridge is in August next year, the investment value of this line will reach 4.5 billion Turkish liras, and will facilitate the transports, as it will enter into use next year.

The third Istanbul Tunnel project will connect the two European and Asian parts of the city, which will consist of three floors. The...

The Minister of Environment and Urbanization of the Republic of Turkey, “Faisal Araoglo,” declared that the Ministry is in the process of making investments worth 21 billion Turkish liras in the Marmara region, through establishing many lakes, parks and dams.
The minister added that the ministry will work on the instructions of Turkish President Recep Tayyip Erdogan to start several mega projects in the Turkish Marmara region, which includes many major cities in its structure, which the city of Istanbul comes at the forefront.
He said that the ministry has sent its work plan for the next six months and added that after completing the specific projects within six months, the ministry will pass to the second part of the plan, which will include another six months, adding that the ministry is in the process of preparing a new package of projects in 2019, and until 2023.
The volume of...

Istanbul the metropolitan city is witnessing a number of major changes and projects that will facilitate its traffic. The Gulf Maritime Channel is the latest of these developments, which will connect the two sides of the Gulf in the European part of the city with each other under the sea this time, as in the Eurasia Tunnel, which has been in service for the last few months, and the new Istanbul tunnel currently in operation.
Studies on this canal are still underway and waiting for approval from the concerned authorities, since this mega project will lead to the reorganization of a large number of roads in both sides of the Gulf.
The new canal is expected to be built at a depth of 80 meters below sea level. It will be connected to 44 roads and will include two tunnels, each tunnel divided into three traffic lanes, three in the direction of the goings and three in the direction of the...

Recent statistics indicate that demand for real estate has increased in Turkey, especially after the offers by real estate and construction companies in several Turkish cities, most notably in Istanbul, Ankara and Izmir.
The government’s recent incentives for foreign ownership have greatly influenced foreigners for the Turkish real estate market, with many amendments that facilitate foreign ownership as well as a VAT exemption.
Despite the rising of prices due to high demand for real estate, demand continues to increase. Although apartment prices have risen by more than 13 percent and purchasing properties is continuing, statistics show that April has witnessed sales by 7.6 percent, reaching 114,466 apartments.
Demand for real estate has increased, through reservation also through real estate loans that reached 29.6 percent. The number of sold apartments reached 43 thousand and 334...

The Central Bank of Turkey (CBK) announced the price index for March of 2017.
The statistics show an increase in the price index of apartments during the month of March compared to the past month by 1.12 percent, to 233.74 points. There was an increase of 13.34% compared to March of 2016.
The statistics indicate that the price per square meter in March 2017 was calculated to 1000 and 965 Turkish Liras, while in February of the same year it was one thousand and 943 Turkish Liras.
The bank pointed out that the prices of new apartments for the month of March increased by 1.32 percent compared to the past month, and reached to 224.23 points. It was found that price indices of new apartments have increased by 12.67 percent compared to the same month last year.
The index clarified the price indices of new apartments used as they increased by 0.75 percent in March compared to the same month of...

The Turkish Ministry of Water and Forests presented its road map in the context of the government’s vision for 2023, as the Ministry submitted drafts during this period to the President of the Republic, Recep Tayyip Erdogan.
President Erdogan ordered all ministries in the Turkish government to prepare and present the road maps and plans for them in the coming period, following the Ministry of Water and Forests, which presented a progress report between 2003-2007 and submission of the pre-2003 report, in addition to the draft program of activities for the period 2017-2023.
In the coming period, the ministry aims to build several public parks, forests, school gardens, urban forests, hydroelectric power plants, landscaping, religious park institutions, cemeteries and many other important projects.
The Ministry aims to establish several hydroelectric stations and dams in order to secure...