Investment in Turkey By Mobilization

After the coup attempt, Turkey’s economy has been struggling with stagnation. Prime Minister Erdoğan called for mobilization and many businessmen answered with new investment plans and employment opportunities.

Many businessmen from the sectors of construction, energy, machinery and industry declared they would make big investments in business in order to fight terrorism.

Zorlu Holding

Zorlu Holding Chairman of the Board Ahmet Nazif Zorlu claimed all big companies must continue with their investments in order to support their country. He said Zorlu Holding started its investments in Manisa, Denizli and Osmangazi. They will invest 300 million TRY on washing machines and dishwashers in Manisa, 300 million TRY on energy in Denizli Kızıldere and 360 million dollars on electricity distribution in Osmangazi.

Sanko

Sanko will speed up its investments in 2017. Honorary President Abdulkadir Konukoğlu stated that they work 10 times more than before as Turkey faces a lot of challenges and is in need of more economic growth. They will make 150-200 milion dollars investment in the sectors of motors, transmission, heavy construction equipment and textile.

Ağaoğlu

Ağaoğlu Group will continue its real estate investments in 2017. 3 billion dollar investment is predicted for its four new projects in 2017. These projects will take place in Çekmeköy, Bağcılar, Yeniköy and Bakırköy. Chairman of the Board Ali Ağaoğlu also declared that they signed contract with the German company Nordex Energy GmbG for wind turbines on their two RES projects in Bursa and Yalova.

Koç Holding

Divan Group of Koç Holding stated that they will build hotels in Diyarbakır, Kayseri and Cizre in 2017. The first investment of 18 million dollar will be in Cizre.

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    fatma Written by:

    Fatma Şahin fatmasahin@istanbulinvestments.com

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