Türkiye’s 2026 Public Investment Program allocates TRY 1.92 trillion to 13,887 projects, placing transport, energy security, earthquake resilience and industrial infrastructure at the center of the state’s capital spending. For foreign investors, the program is more than a construction budget. It identifies where public procurement, logistics improvements, supplier demand and location-based investment opportunities are likely to emerge, while also exposing companies to Türkiye’s inflation, currency, tendering and regulatory risks.
A Large Program, but Not a Single-Year Pipeline
The program was approved by Presidential Decision No. 10868 and published in the Official Gazette on January 15, 2026. According to the Presidency of Strategy and Budget, it covers 3,857 main projects and 13,887 projects when subsidiary initiatives are included. Their combined estimated cost is nearly TRY 14 trillion, against a 2026 appropriation of TRY 1.9208 trillion.
That distinction matters. The headline allocation is neither the total value of new tenders nor funding sufficient to complete the entire portfolio. By the end of 2025, cumulative expenditure on the projects stood at approximately TRY 4.67 trillion, leaving more than TRY 9.33 trillion in estimated costs. At the 2026 funding level, only about one-fifth of that remaining amount is covered this year.
The program therefore represents a multiyear pipeline whose completion will depend on future budgets, project revisions and procurement schedules. The Presidency said 5,335 projects were completed in 2025 and 5,284 new projects were admitted for 2026. Of those additions, 2,403 are multiyear investments and 2,881 are intended to be completed within one year.
Central-government institutions are expected to execute 62.8 percent of the appropriation. State economic enterprises and entities in the privatization portfolio account for 35.4 percent, while revolving-fund and social-security institutions account for the remaining 1.8 percent. Municipal projects appear in the national program only when they receive external financing, so the document does not capture the full universe of local public investment.
For international companies, this structure requires project-level analysis. A foreign supplier cannot treat the TRY 1.92 trillion figure as an addressable market without determining which authority controls each project, whether procurement has begun, how much funding is available in 2026 and whether the opportunity is a public tender, a state-enterprise purchase, a public-private partnership or a subcontracting package.
Railways and Trade Corridors Lead the Opportunity Set
Transport and communications received the largest sectoral share, 26.5 percent, equivalent to approximately TRY 508 billion. Transport and Infrastructure Minister Abdulkadir Uraloğlu said the portfolio includes 857 projects, comprising 565 road, 91 railway, 63 urban-transport, 50 maritime, 45 aviation, 22 motorway and 20 communications initiatives.
Railways received TRY 261.58 billion within this portfolio, ahead of roads at TRY 166.96 billion. The Presidency of Strategy and Budget identified TRY 145.6 billion for high-standard railway projects and TRY 8.1 billion for industrial connection lines. A further TRY 15.5 billion was assigned to the Divriği-Kars, Kars-Iğdır-Aralık-Dilucu and Development Road railway projects, which are intended to strengthen Türkiye’s links with international freight corridors.
The emphasis has direct implications for manufacturers and logistics operators. Better rail access can alter the economics of locating factories in Anatolia, particularly for automotive components, machinery, metals, chemicals and processed food. Industrial connection lines may reduce reliance on trucking and improve access to ports, but the benefit depends on whether the last-mile connection, terminal capacity and operating timetable match an investor’s production plan.
Foreign engineering, signalling, rolling-stock, digital-infrastructure and equipment companies may also find procurement opportunities. However, market entry typically requires more than identifying a project title. Companies must map the responsible contracting authority, technical qualification rules, local-content provisions, Turkish standards and possible consortium arrangements. Expo and trade-fair representation can support early contact with sector buyers, while government relations and regulatory liaison become relevant when a project involves several ministries, state enterprises or municipal authorities.
Import-export facilitation is equally important. Imported equipment may require product certification, customs classification and conformity documentation. Exchange-rate movements between bid submission, importation and payment can also turn an apparently competitive offer into a loss-making contract.
Energy Security, Agriculture and Industrial Sites
Mining received the second-largest allocation, at 18 percent, but the category is dominated by public energy-security spending rather than conventional mineral extraction. The Presidency allocated TRY 211.4 billion to the Sakarya Gas Field Development Project in the Black Sea, where the government reports recoverable resources of 785 billion cubic metres. Another TRY 121.2 billion was assigned to other oil and natural-gas exploration and production activities.
These figures point to demand for offshore services, subsea systems, compressors, specialised vessels, engineering, maintenance and industrial technology. Yet much of the spending will pass through state-owned enterprises and established prime contractors. Foreign companies need to distinguish between direct tender opportunities and lower-tier supply contracts, then assess sanctions exposure, export controls, payment terms and Turkish tax treatment.
Agriculture received about 10 percent of the overall program. The State Hydraulic Works plans to open 64,000 hectares to irrigation and renew systems covering another 15,000 hectares. GAP irrigation projects received TRY 34.1 billion, while flood-protection investments were allocated TRY 35 billion.
The government also included 14 organised agricultural-zone projects, seven of them new, with a combined cost of TRY 17.3 billion and a 2026 appropriation of TRY 3.9 billion. Planned infrastructure covers greenhouse production, cattle farming and aquaculture. These zones could create entry points for irrigation technology, cold-chain logistics, greenhouse systems, animal-health products, food processing and agricultural automation.
Industrial-location policy is another important channel. The Ministry of Industry and Technology received TRY 35.8 billion, including TRY 17.6 billion for organised industrial zones and TRY 12.6 billion for small industrial estates. Investors considering manufacturing should examine whether a planned zone offers serviced land, grid capacity, transport access and eligibility for investment incentives. Site selection, incentive applications, company incorporation and project management need to be coordinated, since an incentive certificate does not by itself resolve land, permitting or utility constraints.
Reconstruction and Human-Capital Spending
The program contains TRY 697 billion in projects associated with earthquake precautions. Of the 2026 appropriations for these projects, 45.7 percent is directed to health, 19.5 percent to education and 16 percent to housing. The allocation reflects the continuing reconstruction effort after the February 2023 earthquakes and a broader attempt to strengthen public assets in high-risk regions.
Health received 9 percent of total public-investment appropriations. The Ministry of Health plans to bring 11,334 beds and 155 healthcare units into service. Work is continuing on 15 city hospitals with a combined capacity of 18,265 beds, six of which, representing 6,200 beds, are scheduled for completion during 2026.
Education accounts for 13.2 percent of the program. The Ministry of National Education received TRY 160.5 billion for investment, while the second phase of the FATİH digital-education capacity project was allocated TRY 4.6 billion. Universities received TRY 70.5 billion, and TRY 39 billion was assigned to research programs and infrastructure, including TÜBİTAK-supported initiatives.
This spending creates potential demand for medical technology, hospital systems, laboratory equipment, educational technology, seismic engineering and energy-efficient building solutions. It also supports the longer-term labour and research base sought by technology and life-sciences investors. Participation nevertheless requires careful compliance work covering product registration, data protection, after-sales obligations, public-tender documentation and sector-specific licensing.
Inflation, Procurement and Execution Risk
The nominal scale of the program should be read against Türkiye’s price environment. TurkStat reported annual consumer inflation of 29.73 percent in September 2026, with the 12-month average at 31.49 percent. Construction inputs, imported machinery and wages may follow different trajectories, making the real value of an appropriation less predictable than the headline number suggests.
The implementation decision allows certain project-cost revisions arising from prices, exchange rates and changes in the scope of contracted work. Even so, bidders must model escalation clauses, foreign-exchange exposure and payment timing. Multiyear projects are particularly vulnerable to a mismatch between lira-denominated revenues and imported-input costs.
Public procurement presents additional procedural issues. The US International Trade Administration notes that Türkiye is an observer, rather than a signatory, to the World Trade Organization’s Government Procurement Agreement. It also reports that tenders can provide a price advantage of up to 15 percent to domestic contractors or producers.
Foreign-owned subsidiaries established in Türkiye may register on the Electronic Public Procurement Platform, known as EKAP. Bidders can be required to submit a bid bond equal to 3 percent of the offer, while successful contractors generally provide a 6 percent performance bond through a Turkish bank. Foreign documents may need apostilles or consular approval.
These requirements make the choice between exporting, appointing a distributor, forming a consortium and incorporating a Turkish subsidiary strategically significant. Legal and tax compliance must be assessed before bidding, not after contract award. Local incorporation can improve operational access, but it brings accounting, employment, withholding-tax, transfer-pricing and beneficial-ownership obligations.
Türkiye’s Medium-Term Program says procurement and build-operate-transfer projects aligned with sustainability objectives will be expanded with international responsible investors in mind. It also calls for greater procurement digitalisation and balanced risk allocation in public-private partnerships. Investors should still test those policy intentions against each contract’s currency, demand guarantees, termination provisions and dispute-resolution framework.
What This Means for Foreign Investors
The 2026 program signals sustained state demand in railways, energy, reconstruction, healthcare, irrigation and industrial infrastructure. It may also improve the operating environment for private investment by reducing logistics bottlenecks, expanding serviced industrial land and strengthening energy and human-capital capacity.
Türkiye attracted USD 13.1 billion in FDI during 2025, up 12.2 percent from a year earlier, according to the Investment and Finance Office citing central-bank data. Manufacturing accounted for 31 percent of inflows, while information and communications received 14 percent. Treasury and Finance Minister Mehmet Şimşek said FDI excluding real estate reached USD 10.7 billion, its highest level in a decade. The public-investment program could reinforce those trends if projects are executed predictably.
For an international investor, the practical first step is a market-entry assessment that separates funded projects from aspirational pipeline and identifies the actual contracting authorities, partners and customers. The second is choosing an operating structure, whether direct export, local representation, consortium participation or Turkish incorporation. The third is matching the project with available national, regional or project-based incentives while avoiding assumptions that public spending automatically confers incentive eligibility.
Execution then requires legal and tax compliance, procurement documentation, customs planning, government relations, and coordination with ministries, state enterprises and local authorities. Where equipment crosses borders, import-export facilitation must address certification and delivery risk. For factories, hospitals, logistics assets or agricultural facilities, on-the-ground project management must integrate land, permits, utilities, contractors and incentive milestones.
An FDI advisory firm such as fdiconsultancy.com supports those interconnected service areas, but the commercial decision remains investor-specific. The central lesson from the TRY 1.92 trillion program is that scale alone does not determine opportunity. Bankable prospects will be found where funded public priorities, procurement access, local execution capacity and a defensible long-term business case overlap.