Urban Transformation and Urbanization Increase Competition in the Construction Sector
Urban Transformation and Urbanization
With increasing urbanization, a new term entering our language is urban transformation. Cities are civilized living spaces. Urban transformation is a term that encompasses construction, building, and zoning efforts that pave the way for urbanization, aim to establish civilized living spaces, and support a modern life. Urban transformation covers everything a city needs, from parks to playgrounds, from sports centers to green spaces. Urban transformation, implemented in gecekondu (shantytown) areas lacking infrastructure, which emerged as a negative consequence of haphazard urbanization, aims to put an end to these poor living conditions that arise in the heart of the city. Urban transformation efforts, initiated to prevent haphazard urbanization, which often occurs in large cities due to migration, are carried out by both municipal companies and private construction firms.
Construction Sector is Growing
Urban transformation is a phenomenon that grows parallel to the construction sector. Establishing urban living spaces is the primary goal of construction companies. The acceleration of urbanization has brought about significant growth in the construction sector. As a result, many construction companies have been established, and the positive competition among these firms has led to the development and faster growth of the sector.
