Construction surges after public lands opened during ruling AKP rule

Construction surges after public lands opened during ruling AKP rule

 

By Mustafa SÖNMEZ

Construction became a rising sector during the AKP’s rule and after the 2001 economic crisis. As the government paved the way for using public lands for construction, building permits surged

The visitors coming to Turkey witness construction endeavors wherever they go, Istanbul being at the top. Residences, skyscrapers, offices, shopping malls, hotel constructions… Everywhere is construction, worksites… The story doesn’t end here: urban investments, tunnels, viaducts, highways, bridges, airports, education or health buildings… It seems like some kind of a development explosion.

Construction became the sector that left its mark during the Justice and Development (AKP) regime and this happened after the 2001 crisis. The steep interest rate climate that large capital owners lending to the government benefited from amid the heavy transaction implemented in 2001 and 2002 with the help of the International Monetary Fund (IMF) ended as well.