News China may invest $60bn in Turkey’s rail network China is considering investing $60bn to upgrade Turkey’s rail network, South China Morning Post reports. Burak Dağlıoğlu, president of the Invest in Türkiye agency, said the work could include a…
News Work is completed on KPF’s Istanbul headquarters for Ziraat Bank Work has been completed on Kohn Pedersen Fox’s (KPF’s) design for the headquarters of Ziraat Bank in Istanbul’s International Financial Centre. The project consists of two towers, 46 and 40-storeys…
News Early design completed for “Development Road” between Iraq and Turkey Preliminary design work on a 1,200km motorway between Iraq and Turkey – known as the “Development Road” – has been completed, World Highways reports. It’s intended to support an economic…
News Turkish contractor to create regional port hub in Somalia Turkish contractor Metag Holding has signed an agreement to expand the ancient Somali port of Hobyo, Kenyan newspaper The Star reports. Metag’s deal with the Hobyo Investment Company will see…
News Foster-led team unveils masterplan for ancient Turkish city destroyed by quakes An international design team involving UK architect Foster + Partners and engineering consultant Buro Happold has unveiled a masterplan for restoring the ancient Turkish city of Antakya – Antioch in…
News Alstom opens factory in Turkey French engineer Alstom has acquired Duray Ulasim Sistemleri, a manufacturing plant in Bursa, northern Turkey. Some 200 staff work at the site, which makes components for rail systems that are…
News BYD expected to build €1bn EV plant in Turkey Turkish officials anticipate an agreement with Chinese EV and battery maker BYD to build a $1bn plant near Izmir in the west of the country, Automotive News Europe reports. Recep…
News Gulf states and Turkey sign up to Iraq’s $17bn ‘Development Road’ to the Med Transport ministers from Iraq, Turkey, UAE, and Qatar met on Monday to sign a memorandum of understanding on Iraq’s “Development Road”. It’s envisaged as a 1,200km motorway, rail link and…
News Doosan Bobcat’s €800k gift helps 533 businesses restart in quake-ravaged Turkey Construction machinery maker Doosan Bobcat donated €800,00 last year to help small businesses in Turkey get going again after violent earthquakes struck in February. They destroyed or damaged some 240,000…
News New Turkish high-speed railway backed by UK, Italy, Poland, and Austria Export credit agencies from the UK, Italy, Poland, and Austria have joined Mitsubishi UFJ Financial Group (MUFG) to secure €1.247bn to build a high-speed railway in Turkey. Turkey’s Ministry of…
Projects How the world’s longest span connected Asia and Europe Turkish contractor Limak gave GCR a tour of the 1915 Çanakkale Bridge, which links Asia and Europe across the Dardanelles Strait. Completed in 2022 after four years, the bridge has…
Projects Checking in with Limak on Barcelona’s new Camp Nou In its ongoing project to renovate FC Barcelona’s home stadium, Spotify Camp Nou, Turkish contractor Limak told GCR that it had now removed the old stadium’s third and top seating…
News Iraq opens bidding on $17bn road and rail link with Turkey Bidding has opened for a 1,200km motorway and rail link that will connect southern Iraq with Turkey, the World Highways website reports. Iraq approved the “Development Road”, as the project…
News UK facilitates €780m loan for Turkey’s new high-speed railway UK Export Finance (UKEF), the UK government’s export credit agency, has underwritten €781m of financing for a 286km high-speed railway across southern Turkey. Its Buyer Credit Facility will help contractor…
News Turkey in talks with China, Russia, and Korea over more nuclear plants Turkey has entered into talks with China, Russia, and South Korea on possible deals to build the country’s second and third nuclear power plants (NPPs), and with the US and…
News Hill to manage port expansion in quake-hit Turkey US-based Hill International is project managing the expansion of Assan Port in İskenderun, southern Turkey. İskenderun was among the cities devastated by the major earthquake in Turkey and Syria in…
News Renzo Piano’s Istanbul gallery refurbishment opens to public A renovation of the Istanbul Modern, Turkey’s first museum of modern and contemporary art, designed by Renzo Piano Building Workshop, has opened to the public. The five-level, 10,500 sq m…
Markets Turkey’s quake reconstruction could top $68bn: World Bank The earthquakes of 6 February caused around $34.2bn in physical damage in Turkey.