Many leading tourism investments and five-star hotels, located on 2.3 million square meters of land, have been transferred from Turkey’s state treasury to the newly introduced Turkish Wealth Fund as well as a number of leading public companies and lenders.
Three Turkish companies that have cooperated on several large projects in the last decade have peacefully parted ways in the power distribution business, Limak Holding Chairman Nihat Özdemir told daily Hürriyet on the sidelines of Oct. 29 Republic Day celebrations at the Presidential Palace in Ankara.
A business delegation led by the head of Turkey’s top business organization, the Union of Chambers and Commodity Exchanges of Turkey (TOBB), has met their counterparts and Russian officials in Moscow to discuss a variety of issues ahead of a mixed economic council meeting between the two countries
Turkey’s economy ministries and a number of top businesspeople have decided to launch a comprehensive PR campaign to try to improve the country’s image abroad, following a series of negative recent events
Unifree Duty Free İşletmeciliği, the operator firm of the duty free areas in Istanbul’s to-be-built new airport, will pay rent up to 500 million euros per year to Istanbul Grand Airport (İGA), the operator, if the shopping facilities reach their full potential
A loaf of bread in Istanbul jumps percent at a time and red meat price rises some 21 percent in year, with inflation becoming a leading economic challenge for the Turkish economy
Businesspeople in Turkey’s eastern and southeastern provinces are hoping clashes between the security forces and the outlawed Kurdistan Workers’ Party (PKK) will come to an end, resulting in an economic boost in the poorest provinces of the country
Limak Holding Chairman Nihat Özdemir has said a loan package worth 4.5 billion euros will be signed with six banks to finance the first stage consortium works of Istanbul’s new airport on Oct. 19.
Russia’s largest lender, Sberbank, has granted İGA Havalimanı İşletmesi (IGA), the builder and future operator of a third airport in Istanbul, 500 million euros in credit for the project, according to announcements by both parties
Turkey’s Limak said on May 27 it had secured a 395-million-euro ($430.75 million) long-term project finance loan as part of a $520 million investment to modernize the Hamitabat power plant in northwest Turkey
Signals will be used to redirect bird migration routes away from the construction of Istanbul’s third airport north of the city, the owner of the company carrying out the project has said
Turkey’s Limak Holding plans to invest $1 billion this year to boost power generation capacity to over 5,000 megawatts (MW) in the next five years from the current 3,000 MW, the company’s chairman said.
German company Heinemann and Turkey’s Unifree have signed a deal to initiate the world’s largest duty-free complex at Istanbul’s under construction third airport.
The body of a missing 10-year-old girl was found at the Alkumru reservoir, ending two days of rescue efforts after the dam’s gates opened to allow a large flood of water, dragging in several people who were having a picnic nearby
A consortium of Turkish contractors, who will build Istanbul’s third airport, plan to complete a financing deal by September, said Nihat Özdemir, Chairman of Limak group
Minister Zeybekçi once against repeated the government’s rhetoric claiming the recent graft allegations were in fact targeting “the country’s economic success and mega projects.”
The arrest orders on 41 suspects that came as part of a second graft probe, which have allegedly not been carried out, were lifted on Jan. 16.
Prominent businessmen were among the 41 suspects who were issued arrest orders in the second corruption probe
A new airport in Kosovo, built by Turkish Limak and French Aéroports de Lyon, has opened with a ceremony. The consortium has invested 140 million euros for the terminal building and other facilities
The construction of the third Istanbul airport is set to begin in May, one of the contractors has said
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