Law of Construction and Engineering
Turkey is one of the most promising real estate markets, the future of Europe. With its strategic location at the crossroads of Europe, the Middle East and Central Asia, and a population of some 81 million, it brings together the construction industry with ever-expanding commercial and industrial production, providing significant opportunities for real estate developers and investors.
The construction sector is one of Turkish economy’s fastest-growing and shining star sectors.In 2017, real growth in this sector was 8.9% and the number of insured employees in the sector reached 1.94 million.
Due to high demand, especially city housing projects brought to life in brand city Istanbul and large and young population, approximately 1 million annual housing construction permits have been given in Turkey in the last four years.
The construction sector continues to grow rapidly with enormous investment projects especially in energy and transportation other than housing. Numerous Turkish construction companies are also active in the international arena and these companies realize projects with high contract amounts such as airports, roads, railways and power plants in Europe, Africa and the Gulf countries.
Lexist has experience in FIDIC-based contracts as well as original project-based construction contracts. It provides consultancy services to project sponsors and financial institutions in the preparation and negotiation of qualified construction contracts especially in the infrastructure sector with Engineering, Procurement and Construction (EPC) contracts. Lexist provides effective and efficient service in construction and engineering projects, aware of the importance of working with all the project partners in the same understanding and order.