#Turkish🇹🇷firms undertake over $85 billion projects in #Africa🌍
Companies from Türkiye have undertaken tens of #billions of dollars #worth of #infrastructure and #superstructure #projects in #Africa, #cementing their #rapid #expansion in the #continent in a drive that has been #creating #hundreds of #thousands of #jobs.
The #contracting #firms completed 1,864 projects across Africa worth $85.4 billion (TL 2.57 trillion) as of the end of 2023, according to data from the Foreign Economic Relations Board of Türkiye (DEIK).
#Turkish #companies' #investments across the continent exceed $10 billion, and their firms #employ more than 100,000 #Africans.
Türkiye's #engagement with the African continent has been gaining pace over the years. Since taking office nearly two decades ago, first serving as prime minister, Erdoğan has been #fostering #ties with the continent, #presenting Türkiye as a #fairer #player than the continent's #former #colonial #powers.
The #diplomatic #push has seen Türkiye's #trade #volume with Africa surge to nearly $41 billion as of the end of 2022, from as low as $5.4 billion in 2003. The figure is #projected to hit $50 billion in 2023.
The government's #priority to #engage with Africa has helped #facilitate the #growth of #business and #trade #relations. It came with a #strong #commitment #focused on #direct #aid, #infrastructure, #transportation #projects and #mutually #beneficial #economic #partnerships.
At the beginning of 2023, the government pitched Yapı Merkezi to build a 273-kilometer (170-mile) section of the Standard Gauge Railway (SGR) line from the Malaba border post between Uganda and Kenya to Kampala, which is expected to cost $2.2 billion.
The railway line was supposed to be constructed by the China Harbour Engineering Company (CHEC), but after eight years of non-execution, Uganda opted for the Turkish builder to build the line.
SGR project coordinator Engineer Perez Wamburu said Kampala signed a memorandum of understanding (MoU) with Yapı Merkezi.
Turkish companies also built the Tripoli Convention Center in Libya, the Kigali Convention Center in Rwanda, the parliament building in Cameroon, the Dakar Arena, a state-of-the-art multisport complex with a 15,000-seat capacity in Senegal, the Dakar International Conference Center in Senegal, the Blaise Diagne International Airport in Senegal and the Niamey Airport in Niger, among others.
DailySabah News
#Thanks colin smith for #sharing👍🏾
Esosa Aihie
Turkish firms undertake over $85 billion projects in Africa
Africa Alert Limited Musa Idris Ahmed Leon Louw
![Turkish firms undertake over $85 billion projects in Africa]()
Turkish firms undertake over $85 billion projects in Africa
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3wYou look sharp gents👍