Thursday, May 19, 2022

Turkey Looks to Challenge China in African Construction Sector

 East Africa's The Exchange published on 18 May 2022 an article titled "Turkey Edging Closer to China's Financial Muscle in Africa's Construction Projects" by Maingi Gichuku.  

For the past 2 decades, China has been the largest builder of infrastructure in Africa.  Turkey is methodically gaining market share in the construction sector in Africa, although in the past decade it accounted for only about 6 percent of the total yearly work done by Chinese contractors.  But as Chinese project financing declines in Africa, Turkey is likely to increase its market share, which is based on contracts won by private companies.