Firm starts $365 mln project in Macedonia

Firm starts $365 mln project in Macedonia

ISTANBUL - Hürriyet Daily News
Firm starts $365 mln project in Macedonia

Cevahir Holding, a Turkish construction and investment group, will build four-tower 42-floor residential construction project in Macedonia’s capital city Skopje.

Macedonian leaders officially launched the country’s largest-ever residential construction project yesterday - a 300 million euro ($365 million), four-tower 42-floor complex in the capital Skopje.

President Gjorge Ivanov and Prime Minister Nikola Gruevski, as well as Turkey’s Ambassador to Macedonia Gürol Sökmensüer and Cevahir Holding Chair İbrahim Cevahir attended the event - which involved pushing a large “start” button - at the site of the project in the Aerodrom area, 2 kilometers east of the city center. “After Turkish TAV’s construction of the Skopje airport, the European Eye Hospital, Ulak Ambalaj and Halbank’s entry into Macedonia, Cevahir Holding has also invested in the country. This shows that Turkish businessmen are aware of the investment opportunities in Macedonia,” said Gruevski at the opening ceremony.

The facilities will be built by the Turkish construction and investment group Cevahir Holding. The developers said the 130-meter towers would house a total of some 5,000 people and that the project would also include a shopping mall when finished in three years. The project is expected to draw 2,000 to 3,000 visitors per day and will steal the “highest building in Skopje” label from the Macedonian Radio Television building.

Cevahir said that they complex required a 300 million euro investment and was the largest investment in Macedonia to date.

Macedonia, business