Discussion emerges about a Turkish contractor potentially involved in Saudi Arabia's notable stadium construction endeavor, as reported by a key figure in the industry.
In the realm of global construction and infrastructure development, Turkish companies have carved out a significant niche in Saudi Arabia over the past four decades. Their expertise spans sectors as diverse as ports, airports, water treatment, and rail systems.
This rich history is set to bear fruit as Turkish firms position themselves to benefit from the investment wave sweeping through Saudi Arabia. The Neom mega-city project, a nationwide transformation valued at an astounding $500 billion, presents a prime opportunity.
The Neom project, a city of the future, encompasses new airports, rail systems, bridges, water facilities, and hotels. Turkish companies, with their background in public-private partnerships (PPP) or build-operate-transfer (BOT) projects, are well-placed to contribute to this ambitious endeavour.
However, caution is advised. In some Saudi projects, investors must assume risk without government backing, as seen in certain airport developments. This underscores the importance of a careful examination of the market before committing to projects.
Notably, Turkish construction companies have evolved beyond mere construction. They now manage facilities and provide services, extending their reach into sectors like stadiums, airports, and tourism sites. This versatility could secure a long-term presence for Turkish companies in various sectors.
One such company is being considered for one of the 17 new stadiums planned in Saudi Arabia's Neom project. The firm, which has already built major stadiums in Europe, remains unnamed in the search results.
Eyup Vural Aydin, chairman of Turkey's Public-Private Partnership (PPP) Research Center, is a member of the Saudi National Center for Privatization and PPP (NCP) Advisory Board. His insights undoubtedly contribute to the strategic positioning of Turkish companies in the Saudi market.
Turkish companies should seize the opportunities presented by Saudi Arabia's market, where they already have experience and credibility. The Neom project, with its transformative potential, offers a fertile ground for Turkish companies to grow and thrive.
