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The following section contains information on the logistics services of Turkey.
The Turkish Government’s efforts to develop the country to be one of the top 10 economies in the world by 2023, often make way for major infrastructure and superstructure projects. By that year, Turkey will boast 10,000 km of high speed railway, an extensive metro system in Istanbul and Ankara, a new airport and a large suspension bridge over the Bosphorus in Istanbul, thousands of km of new highways and as many as 7 million rebuilt, earthquake-safe homes.
Turkey’s transportation and logistics sector is one of the country’s fastest growing industries—tripling in value since 2002, while averaging a growth rate of 20 percent over the last five years. This growth combined with Turkey’s strategic location as a bridge between East and west are creating new opportunities in the country.
The influence of the transportation sector is expected to increase more in the future, as high amounts of highway, railway, and other transportation related projects are either already underway or expected to accommodate for an increasingly industrialized country in the years to come. Experts believe that “combined transportation” will have a very big share in the transportation industry. Further in the horizon, due to the increased infrastructural partnership between private and government enterprises, marine and railway freightage will have a big role in cargo moving for combined transportation. The Government of Turkey has committed to new investments in this industry to keep up with future demand which is expected to reach the following targets in 2023, the centennial of the Turkish Republic:
- Foreign Trade Volume to reach $1.1 trillion, with $500 billion in exports and $600 billion in imports.
Transported Cargo to reach 625 billion tons