Turkish firms anticipate a significant role in Syria’s reconstruction, with positive investor sentiment reflected in rising stock prices. Key players include Oyak Cement and Enka Insaat, with expectations for contracts in infrastructure and energy. However, challenges such as sanctions and funding issues could complicate these efforts.
Turkish construction firms are poised to significantly contribute to the reconstruction of Syria following the recent government upheaval. Stocks from Istanbul-listed companies such as Oyak Cement and Enka Insaat have surged since the regime change, reflecting investor optimism about the contracts these firms may secure. Kanat Kutluk, president of the Turkish Business Council in Dubai, emphasized the pivotal role of Turkish firms in various sectors including infrastructure and energy.
In summary, Turkish companies are expected to take advantage of lucrative reconstruction contracts in Syria, bolstered by their financial strength and proximity. However, challenges such as international sanctions and financing issues pose potential hurdles. The evolving diplomatic relationship between Turkey and Syria may offer a pathway for collaboration, despite the ongoing security concerns and economic setbacks resulting from the civil war.
Original Source: www.thenationalnews.com
