Turkish contractors undertook the most projects abroad in Saudi Arabia totaling $2.3 billion in the first 9 months of the year. The Construction Sector Analysis Report of the Turkish Contractors Association (TCA) published its October issue. According to the report, Turkish construction sector undertook 161 projects worth $11.8 billion abroad in the January-September period this year. The report also highlighted that the international project portfolio of the sector has reached $515.8 billion with 12,297 projects undertaken in 137 countries. It was mentioned in the report that “Saudi Arabia ranked as the country with the most projects undertaken abroad in the first 9 months of the year with $2.3 billion, followed by Algeria with $1.7 billion, and Gabon with $1.2 million.” The report also acknowledged that the effects of the disinflation process became more pronounced in the construction sector during the third quarter, and the impact of tightening policies on financing worsened. Particularly, the limits placed on credit growth, high financing costs, and reduction of liquidity emerged as the most crucial factors that will limit the growth of the construction sector in the future. The report also noted that efforts led by the TCA are ongoing to address the issue of Turkish banks’ letters of guarantee not being directly accepted for projects undertaken abroad.