Allianz Trade: Turkey Needs Over €100 Billion in Non-Energy Infrastructure Investments by 2035

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Allianz Trade’s latest report, “Closing the Global Infrastructure Gap,” reveals that the global economy will require €3.6 trillion in infrastructure investment annually until 2035. For Turkey, the investment need in non-energy infrastructure alone exceeds €100 billion.

Highways, Ports, and Railways Top the List

Allianz Trade Senior Economist Luca Moneta highlighted that Turkey’s population size, industrial development, and climate commitments make these investments crucial. According to the report, Turkey will need to allocate around €72 billion for road infrastructure, €11 billion for ports, €10 billion for railways, €6 billion for telecommunications, and €1 billion for sewerage and wastewater treatment by 2035.

Energy Infrastructure Requires Modernization

In addition to non-energy projects, the report stresses the importance of modernizing the electricity grid, expanding battery storage capacity, and boosting renewable energy investments. With its strategic location, Turkey has the potential to become a regional leader in energy transformation, but challenges in storage capacity, permitting processes, and interconnection systems are limiting this potential.

Economic Normalization Could Boost Investments

Moneta noted that Turkey’s economic normalization process could accelerate infrastructure spending, projecting growth of 2.5% in 2025 and 3% in 2026. However, he cautioned that the current investment pace is below potential, pointing to weaker external demand and the real appreciation of the Turkish Lira as pressures on export-oriented sectors.