Turkey: Privatisation plans

Posted on 14 February 2011

Date: 21/01/2011
Turkey: Privatisation plans

Turkey has sold state-owned assets worth nearly USD 41 billion in recent years, and the head of the country’s privatisation agency has reported the Turkish Governments plans to launch an even more during 2011.

“This year will be the year of the privatisation of power plants,” said Mr Ahmet Aksu, Head of Turkey’s Privatisation Administration (OIB) at a conference organised by the Independent Industrialists’ and Businessmen’s Association (MUSIAD).

Privatisation of electricity grids netted the government USD 15.8 billion in 2010, said Mr Aksu, saying this year’s planned privatisations are not limited to the energy sector; it will see two bridges over Bosphorus, the sale of about 2,000 kilometers of roads, port facilities in central Istanbul, the Izmir and Derince ports and 23 million square meters of state-owned land.

The government may also sell stakes in secondary public offerings planned in Halk Bank, Turk Telekom and may also sell part of its share in Turkish Airlines (THY), and Petkim Petrokimya Holding.

20 January 2011 Invest in Turkey

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