GoT-supported major infrastructure projects have long presented opportunities for U.S. firms. Even with several previously slated infrastructure projects put on hold, opportunities remain for U.S. products and services in both the government and consumer spheres. The civilian aerospace sector has grown significantly in the last fifteen years with the advent of local Turkish passenger carriers. Project opportunities are chiefly in maintenance and repair operation (MRO) facilities, air traffic control systems, and commercial space projects. In the energy sector, Türkiye has drastically increased its imports of LNG to diversify its energy suppliers. Offshore oil and gas exploration will continue in the Mediterranean Sea and the Black Sea. The same impulse to diversify Türkiye’s energy supply has resulted in an uptick of license tenders for renewable energy projects, specifically solar, wind, and geothermal.
Both the public and private sectors continue to invest substantially in advanced manufacturing, information and communication technologies, and healthcare, among other sectors. At the time of writing, the Turkish Government announced the 5G spectrum auction date on October 16, and opportunity exists for U.S. firms to partner with Turkish firms on the country’s rollout of this cutting-edge telecommunications technology when it becomes operational in 2026.
Türkiye’s previous movement toward membership in the European Union led to the market’s adoption of many European business regulations and standards. Combined with an increased number of direct flights between U.S. cities and Türkiye, it is easier to sell products and conduct business in Türkiye than in previous years. Despite economic uncertainty, especially in regard to regulatory risks, including the new disinformation and e-commerce laws, sanctions, and export controls, Türkiye still has numerous opportunities for U.S. products and services, and CS Türkiye is ready to assist.
Market Opportunities
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