Turkey to the World

Sponsored Section Rixos Hotels From Turkey to the World

Rebounding to 3% in 2020, Turkey’s economic growth is returning to close to the levels expected in this hugely promising market, according to the World Bank. The Bank expects growth to reach 4% in 2021, above the global average. After a difficult period for the country, Turkey’s fundamentals are reasserting themselves, despite global macroeconomic headwinds.

ourism has long been a major the region to over 4,000. Tamince said, economic driver, and Turkey is one “This is an excellent time to expand Rixos Tof the top-ten most-visited countries Hotels' portfolio in UAE as the market Fettah Tamince on earth. Its competitive advantages continues to experience radical growth Chairman – Rixos Hotels include a long and beautiful coastline, while establishing itself further as one of TURKEY historic sites dating back thousands of the world’s premier leisure and business years, world-class cuisine, attractive destinations.” “We have good infrastructure, prices, and proximity to both developed In August 2019, Rixos marked a major entrepreneurs, brands, location, weather and emerging tourism markets. Part of milestone in its international expansion conditions, and ease of doing business,” Strength in Adversity the “cradle of civilisation”, Turkey draws strategy in signing a deal to manage what says Tamince. “We have good growth on Ottoman, Roman, and Hellenistic will be its largest all-inclusive luxury resort potential. The perception starts the heritage. anywhere in the world, on Egypt’s Red second you enter the country. I continue to invest in Turkey not because I’m ore than two decades of rapid places that come to mind. Together with These same factors also drove GDP In 2019 the country welcomed over 50m Sea coast. The 1636-key “mega resort” tourists, making it a record year. The will be opened later this year. Turkish, but because I see the economic expansion have the fall in oil prices, the financial growth to average 5.6% annually between government aims to attract 75m tourists Rixos is thus part of the ongoing opportunities - where the country is going cemented Turkey’s position as a developments will also bring additional 2003 and 2018, with Turkey now standing M and $65bn in tourism revenue by 2023. expansion of Turkish companies outside - and I’m a big believer in it.” dominant regional economic power and advantages to our country,” he said. as the world’s 13th largest economy in “Turkey is well-located, close to a lot of Turkey. Other examples include airport Rixos will continue to seek “world-class” rising global power, supported by robust Reforms to improve the business climate terms of purchasing power parity. developed countries,” says Fettah operating company TAV, white goods foreign partners as co-investors in Turkey export growth, a high-quality well- have further strengthened Turkey’s position Zeynep Bodur Okyay, President and CEO Tamince, founder and chairman of Rixos manufacturer Arcelik, Ziraat Bank, fast and elsewhere. In 2017, the company diversified industrial base, and soaring – the country jumped 10 spots on the World of industrial producer and defense Hotels, a Turkish leisure company. “We food brand Simit Sarayi, and Turkish launched a strategic partnership with domestic demand offering new Bank’s Doing Business 2020 survey to hit manufacturer Kale Group, cited Turkey’s are very competitive on value, and we Airlines. “I believe that we are one of the France’s AccorHotels, a long-term joint opportunities to invest in the construction, 33rd place out of 190 economies surveyed, fast-expanding export industries and high have great products.” successful nations of the future,” says venture. The partnership brings Accor’s real estate, tourism, and manufacturing with particularly strong performances in potential for human capital growth as major Since its establishment in 2000 in Tamince. “We are very open, very brand portfolio, reservation and sales Turkey’s tourism capital, Antalya, Rixos international. If you go to Africa, Central network together with Rixos’s luxury sectors. categories including “registering competitive advantages. has played its part in the development of Asia, Asia, Middle East, you will see a lot brand and resort development Similar to the rest of the world, Turkey is property” (27th), protecting minority “Companies in Turkey are changing; in the country’s tourism offering. The of Turkish brands which are getting larger experience. facing unprecedented external challenges investors (21st), paying taxes (26th), and addition to becoming more export-oriented, company now has hotels in a number of and larger market shares.” Rixos remains at heart a Turkish as a result of the coronavirus, which has enforcing contracts (24th). they are increasingly engaged with global Turkish cities, as well as Istanbul, the Tamince aims to expand to 30 countries company, with its own strong ethos of paralyzed supply chains and sent global Fettah Tamince, Chairman of Rixos trade at all levels. Turkey has now started country’s largest city and a magnet for by 2025 under various brands – but with impeccable standards, an emphasis on financial markets tumbling. However, the Hotels, said Turkey’s competitive to export capital, and it has huge potential visitors. Building on this base, Rixos now growth in its home market at the core of VIP service, and a commitment to country has already developed a advantages are numerous, despite the in terms of human capital, but this potential has a growing presence outside Turkey, its business. Tamince points out that keeping its promises to guests and reputation for resiliency in the face of external challenges it is facing. “Turkey has needs to be leveraged and channeled in the with hotels as far afield as Russia, the tourist arrival figures show that the partners. “Corporate identity is very economic turmoil, and in a March 2020 tremendous potential: We have the people, right way. Investing in people is really UAE, Kazakhstan, Egypt, Croatia, and Turkish tourism sector is going places, important,” says Tamince. “I want Rixos to be associated with ambition, speech, President Recep Tayyip Erdoğan the location, a strong and ambitious vision important,” she said. Switzerland. Overall it has 25 properties despite negative publicity associated with and welcoming 1m guests annually. neighbouring Syria and domestic political leadership, and strategic thinking – it’s stressed the importance of seeking new for the country, and we are hard-working. President Erdoğan supported the same Rixos operates 4 hotels in UAE; 2 in and economic challenges. Compared to what makes this company successful.” opportunities amidst the chaos. There are a lot of young people here eager sentiment in a March 2020 speech, telling Dubai, 1 in Ras Al Kaimah and 1 in Abu its Middle Eastern and Balkan “The outbreak in China has forced the to achieve success, and eager to engage the audience that Turkey’s dynamic and Dhabi and has more than 1,750 rooms in neighbours, Turkey and its tourism sector whole world to search for alternatives in more with the international community. All resourceful population will help the country the region. Also there are 3 major projects are flourishing, and capitalising on the production. When it comes to alternatives of these factors together make for an persevere: “No virus is stronger than in pipeline. With these projects, the group country’s long-standing structural in production, Turkey is one of the first attractive investment proposition,” he said. Turkey,” he said. plans to increase the number of rooms in advantages. Sponsored Section Rixos Hotels From Turkey to the World

ourism has long been a major the region to over 4,000. Tamince said, economic driver, and Turkey is one “This is an excellent time to expand Rixos T of the top-ten most-visited countries Hotels' portfolio in UAE as the market Fettah Tamince on earth. Its competitive advantages continues to experience radical growth Chairman – Rixos Hotels include a long and beautiful coastline, while establishing itself further as one of TURKEY historic sites dating back thousands of the world’s premier leisure and business years, world-class cuisine, attractive destinations.” “We have good infrastructure, prices, and proximity to both developed In August 2019, Rixos marked a major entrepreneurs, brands, location, weather and emerging tourism markets. Part of milestone in its international expansion conditions, and ease of doing business,” Strength in Adversity the “cradle of civilisation”, Turkey draws strategy in signing a deal to manage what says Tamince. “We have good growth on Ottoman, Roman, and Hellenistic will be its largest all-inclusive luxury resort potential. The perception starts the heritage. anywhere in the world, on Egypt’s Red second you enter the country. I continue to invest in Turkey not because I’m ore than two decades of rapid places that come to mind. Together with These same factors also drove GDP In 2019 the country welcomed over 50m Sea coast. The 1636-key “mega resort” tourists, making it a record year. The will be opened later this year. Turkish, but because I see the economic expansion have the fall in oil prices, the financial growth to average 5.6% annually between government aims to attract 75m tourists Rixos is thus part of the ongoing opportunities - where the country is going cemented Turkey’s position as a developments will also bring additional 2003 and 2018, with Turkey now standing M and $65bn in tourism revenue by 2023. expansion of Turkish companies outside - and I’m a big believer in it.” dominant regional economic power and advantages to our country,” he said. as the world’s 13th largest economy in “Turkey is well-located, close to a lot of Turkey. Other examples include airport Rixos will continue to seek “world-class” rising global power, supported by robust Reforms to improve the business climate terms of purchasing power parity. developed countries,” says Fettah operating company TAV, white goods foreign partners as co-investors in Turkey export growth, a high-quality well- have further strengthened Turkey’s position Zeynep Bodur Okyay, President and CEO Tamince, founder and chairman of Rixos manufacturer Arcelik, Ziraat Bank, fast and elsewhere. In 2017, the company diversified industrial base, and soaring – the country jumped 10 spots on the World of industrial producer and defense Hotels, a Turkish leisure company. “We food brand Simit Sarayi, and Turkish launched a strategic partnership with domestic demand offering new Bank’s Doing Business 2020 survey to hit manufacturer Kale Group, cited Turkey’s are very competitive on value, and we Airlines. “I believe that we are one of the France’s AccorHotels, a long-term joint opportunities to invest in the construction, 33rd place out of 190 economies surveyed, fast-expanding export industries and high have great products.” successful nations of the future,” says venture. The partnership brings Accor’s real estate, tourism, and manufacturing with particularly strong performances in potential for human capital growth as major Since its establishment in 2000 in Tamince. “We are very open, very brand portfolio, reservation and sales Turkey’s tourism capital, Antalya, Rixos international. If you go to Africa, Central network together with Rixos’s luxury sectors. categories including “registering competitive advantages. has played its part in the development of Asia, Asia, Middle East, you will see a lot brand and resort development Similar to the rest of the world, Turkey is property” (27th), protecting minority “Companies in Turkey are changing; in the country’s tourism offering. The of Turkish brands which are getting larger experience. facing unprecedented external challenges investors (21st), paying taxes (26th), and addition to becoming more export-oriented, company now has hotels in a number of and larger market shares.” Rixos remains at heart a Turkish as a result of the coronavirus, which has enforcing contracts (24th). they are increasingly engaged with global Turkish cities, as well as Istanbul, the Tamince aims to expand to 30 countries company, with its own strong ethos of paralyzed supply chains and sent global Fettah Tamince, Chairman of Rixos trade at all levels. Turkey has now started country’s largest city and a magnet for by 2025 under various brands – but with impeccable standards, an emphasis on financial markets tumbling. However, the Hotels, said Turkey’s competitive to export capital, and it has huge potential visitors. Building on this base, Rixos now growth in its home market at the core of VIP service, and a commitment to country has already developed a advantages are numerous, despite the in terms of human capital, but this potential has a growing presence outside Turkey, its business. Tamince points out that keeping its promises to guests and reputation for resiliency in the face of external challenges it is facing. “Turkey has needs to be leveraged and channeled in the with hotels as far afield as Russia, the tourist arrival figures show that the partners. “Corporate identity is very economic turmoil, and in a March 2020 tremendous potential: We have the people, right way. Investing in people is really UAE, Kazakhstan, Egypt, Croatia, and Turkish tourism sector is going places, important,” says Tamince. “I want Rixos to be associated with ambition, speech, President Recep Tayyip Erdoğan the location, a strong and ambitious vision important,” she said. Switzerland. Overall it has 25 properties despite negative publicity associated with and welcoming 1m guests annually. neighbouring Syria and domestic political leadership, and strategic thinking – it’s stressed the importance of seeking new for the country, and we are hard-working. President Erdoğan supported the same Rixos operates 4 hotels in UAE; 2 in and economic challenges. Compared to what makes this company successful.” opportunities amidst the chaos. There are a lot of young people here eager sentiment in a March 2020 speech, telling Dubai, 1 in Ras Al Kaimah and 1 in Abu its Middle Eastern and Balkan “The outbreak in China has forced the to achieve success, and eager to engage the audience that Turkey’s dynamic and Dhabi and has more than 1,750 rooms in neighbours, Turkey and its tourism sector whole world to search for alternatives in more with the international community. All resourceful population will help the country the region. Also there are 3 major projects are flourishing, and capitalising on the production. When it comes to alternatives of these factors together make for an persevere: “No virus is stronger than in pipeline. With these projects, the group country’s long-standing structural in production, Turkey is one of the first attractive investment proposition,” he said. Turkey,” he said. plans to increase the number of rooms in advantages. Sponsored Section Yildirim Group Nadir Metal Rafineri Bold Moves Golden Opportunities

Robert Yuksel Yildirim domestic gold production, which surpassed 45 tonnes in Pres ident & CEO – Yildirim Group Abdullah Tütüncü urkey’s resilient private sector has adjustments,” he explained. 2019 to reach a record high. Chairman – Nadir Metal Rafineri been the lynchpin to recent Yildirim’s deep experience in commodity T decades of robust economic markets and keen ability to anticipate and Yildirim Group’s story is rare in the sense that it has grown during downturns expansion, supporting a 350% increase in change has kept his company agile and urkey’s major gold refineries have Moving to take advantage of new markets and 1 million. According to Tütüncü, and crises, investing during troubled GDP between 2002 and 2017. It will competitive. benefitted from rising domestic and and business opportunities is a core arbitrage opportunities on offer every two times in preparation for a return to growth, continue to play a critical role in boosting “We see ahead of time when the global demand. The oldest and focus for Tütüncü and his company, and or three years, particularly for gold and and adopting a bullish approach to T annual GDP growth to its targeted 5%, as slowdown is coming in the global market, best-known of these, Nadir Metal Nadir Metal Rafineri has already been silver, further support the investment acquisitions and investments. envisioned by the National Economic because we work with steel mills. Steel is Rafineri, has been operating in the active internationally for years. In 2008, it prospect for any future partner. The group’s unique acquisition strategy Program, supported by forward-thinking the starting point of many industries. country since 1967, when Nadir Tütüncü was accredited by the Borsa Istanbul (ex “The world is shifting to local hubs, and involves thinking outside the box to companies able to maintain a competitive When we see a slowdown in the order established a 150 sq m workshop to Istanbul Gold Exchange), followed by the we believe Turkey is well-positioned to identify synergies with a potential edge and expand beyond the domestic book – in automotive, appliances, recycle jeweller dross. Dubai Multi Commodities Centre in become one such hub. The country holds acquisition and the group’s existing market despite facing internal and aerospace, shipping, construction – we Today the company is active in refining, October 2009, and the London Bullion huge potential. Everything is changing operations, with the goal of maximizing external obstacles. know how those sectors will continue and industrial waste recycling, dross, and Market Association in 2011 for gold and very fast, which can be challenging for each company’s potential to add value to With a history stretching back nearly 60 that demand will be reduced. We then laboratory services. It also trades gold, in 2012 for silver (where the company is foreign investors. But in our business, the broader portfolio. Yildirim strives to years, Istanbul-based Yildirim Group don’t produce extra material to keep it in silver, platinum, palladium, rhodium, and still the first and only accredited silver compared to other sectors and countries, create a “turnaround story,” for each of exemplifies Turkey’s private sector inventory,” he said. potassium gold cyanide, and produces refinery in Turkey). It also operates an the risk is not that high and the returns the companies he acquires, working to success story. The company was founded This approach has allowed the company special collection, tailor-made, and high affiliate office in Vicenza, Italy, which is are very good,” he said. reduce costs and boost profit margins to in Samsun in 1963 as Garip Yildirim & to become a truly global force to be security products, including 400-ounce engaged in marketing and distribution. And while the industry and market is make a company healthier instead of Sons, gradually expanded its focus and reckoned with. Yildirim Group made its Good Delivery gold bars, kilo bars, and Tütüncü now plans to increase the share changing rapidly, Nadir Metal Rafineri killing it. profile through acquisitions and the first international acquisition in Sweden in smaller bars ranging from 500 grams to of international operations to 50% of the remains focused on its core competitive “When people look at mergers and creation of new subsidiaries, to become 2008, and today it boasts operations in 51 0.5 grams. Its affiliate, Nadir Doviz, is a company’s core business, with new strengths: integrity, resilience, and a long- acquisitions, for them the game is one of the fastest-growing industrial countries across four continents, with an wholesaler and distributor for its products, international growth dovetailed by rising term view. evaluation. They evaluate the company, groups in Turkey. Today its business international workforce of 13,000 people. and stands as one of the most active investment in high-potential industrial “I believe in trustworthiness, arbitrage and the offer is dependent on buyer and interests span a broad range of sectors The group is continuing to expand in members of Borsa Istanbul’s Precious activities. Under his mid-term vision, and trading, but for our founder, my seller markets. What we do is different; and industries including mining and 2020, and Yildirim is currently seeking Metals Market. revenues from the group company 4R father, the name and brand was very people see the tip of the iceberg, but I see ferroalloys, fertilizers and chemicals, coal international investment partners to Nadir Metal Rafineri has clearly realized Cevre ve Enerji operating in industrial important. Branding is still important, but the bottom. I see the hidden value in a and coke, energy, port management, expand further into high-potential major successes in the Turkish market, waste recycling stream are expected to in today’s market, sustainability and company,” he said. shipping, shipbuilding, real estate segments, for example ports. although today, Chairman Abdullah double over the next five years. The quality are equally critical; these are the development, construction, and private Through its sub-holding company, Tütüncü has set his sights to more distant company is also planning to invest €30 two most important values, followed by equity. Yilport Holding Inc., the group has a horizons, with a view to forging new million in an industrial waste project, with trust. You shouldn’t give up; keep Robert Yuksel Yildirim, President and mission to become a top 10 global partnerships with firms in Europe and the target of producing eight megawatts struggling and pushing the right thing and CEO of Yildirim Group, described how his container terminal operator by 2025. Its Asia. of energy from the new facility within five benefits will come along,” he said. company has thrived in the face of growth strategy focuses on making one or “We remain focused on the domestic years. challenging macroeconomic headwinds. two acquisitions of ports or container market, which accounts for 70% of our Innovation will also play a key role in “The secret of success is in working terminals annually. Once it has moved its core business, however we have been future expansion. Tütüncü plans to build a th smarter and anticipating the markets. We current position of 12 globally to reach increasingly focused on the Asian and precious metals platform which would have a closed loop system that is always the top 10, it will focus on maintaining its Chinese markets because we believe expand foreign access to the Turkish checking itself and correcting; I’m an position and pursuing organic growth. they will provide major new opportunities market. With his planned platform, the engineer so I know how it works. We Yildirim’s ability to accurately judge and for the company in the coming years, company could expand its base of have live budget planning. We make leverage risk has kept the family business especially in combination with European retailers making small purchases – 1 gram yearly, quarterly, monthly, and weekly ahead of the competition for decades, markets,” he said. of gold, for example – to between 500,000 Sponsored Section Yildirim Group Nadir Metal Rafineri Bold Moves Golden Opportunities

Although recent government stimulus has slowed the lira’s Bolstered by reforms to improve monetary stability and new depreciation, Turkey’s currency remains under pressure, efforts to attract investment and support the private sector, sending investors and depositors flocking to safe havens Turkey’s economy returned to growth in late 2019 after such as gold. Gold prices rose by 18% in 2019 to hit their several quarters of contraction. The IMF projects GDP highest level since 2013, and Turkey’s gold market remains growth will accelerate from 0.2% in 2019 to 3% in 2020, a a key growth driver of its broader precious metals industry. promising sign that the country is now at the tail end of a The country holds the 14th-largest share of global gold recent period of economic uncertainty. reserves, or 20% of the total, while domestic gold deposits rose by 98.5% y-o-y in 2019 to reach TL38.34 billion ($6.32 billion). Market growth is supported by surging Robert Yuksel Yildirim domestic gold production, which surpassed 45 tonnes in President & CEO – Yildirim Group Abdullah Tütüncü urkey’s resilient private sector has adjustments,” he explained. 2019 to reach a record high. Chairman – Nadir Metal Rafineri been the lynchpin to recent Yildirim’s deep experience in commodity T decades of robust economic markets and keen ability to anticipate and Yildirim Group’s story is rare in the sense that it has grown during downturns expansion, supporting a 350% increase in change has kept his company agile and urkey’s major gold refineries have Moving to take advantage of new markets and 1 million. According to Tütüncü, and crises, investing during troubled GDP between 2002 and 2017. It will competitive. benefitted from rising domestic and and business opportunities is a core arbitrage opportunities on offer every two times in preparation for a return to growth, continue to play a critical role in boosting “We see ahead of time when the global demand. The oldest and focus for Tütüncü and his company, and or three years, particularly for gold and and adopting a bullish approach to T annual GDP growth to its targeted 5%, as slowdown is coming in the global market, best-known of these, Nadir Metal Nadir Metal Rafineri has already been silver, further support the investment acquisitions and investments. envisioned by the National Economic because we work with steel mills. Steel is Rafineri, has been operating in the active internationally for years. In 2008, it prospect for any future partner. The group’s unique acquisition strategy Program, supported by forward-thinking the starting point of many industries. country since 1967, when Nadir Tütüncü was accredited by the Borsa Istanbul (ex “The world is shifting to local hubs, and involves thinking outside the box to companies able to maintain a competitive When we see a slowdown in the order established a 150 sq m workshop to Istanbul Gold Exchange), followed by the we believe Turkey is well-positioned to identify synergies with a potential edge and expand beyond the domestic book – in automotive, appliances, recycle jeweller dross. Dubai Multi Commodities Centre in become one such hub. The country holds acquisition and the group’s existing market despite facing internal and aerospace, shipping, construction – we Today the company is active in refining, October 2009, and the London Bullion huge potential. Everything is changing operations, with the goal of maximizing external obstacles. know how those sectors will continue and industrial waste recycling, dross, and Market Association in 2011 for gold and very fast, which can be challenging for each company’s potential to add value to With a history stretching back nearly 60 that demand will be reduced. We then laboratory services. It also trades gold, in 2012 for silver (where the company is foreign investors. But in our business, the broader portfolio. Yildirim strives to years, Istanbul-based Yildirim Group don’t produce extra material to keep it in silver, platinum, palladium, rhodium, and still the first and only accredited silver compared to other sectors and countries, create a “turnaround story,” for each of exemplifies Turkey’s private sector inventory,” he said. potassium gold cyanide, and produces refinery in Turkey). It also operates an the risk is not that high and the returns the companies he acquires, working to success story. The company was founded This approach has allowed the company special collection, tailor-made, and high affiliate office in Vicenza, Italy, which is are very good,” he said. reduce costs and boost profit margins to in Samsun in 1963 as Garip Yildirim & to become a truly global force to be security products, including 400-ounce engaged in marketing and distribution. And while the industry and market is make a company healthier instead of Sons, gradually expanded its focus and reckoned with. Yildirim Group made its Good Delivery gold bars, kilo bars, and Tütüncü now plans to increase the share changing rapidly, Nadir Metal Rafineri killing it. profile through acquisitions and the first international acquisition in Sweden in smaller bars ranging from 500 grams to of international operations to 50% of the remains focused on its core competitive “When people look at mergers and creation of new subsidiaries, to become 2008, and today it boasts operations in 51 0.5 grams. Its affiliate, Nadir Doviz, is a company’s core business, with new strengths: integrity, resilience, and a long- acquisitions, for them the game is one of the fastest-growing industrial countries across four continents, with an wholesaler and distributor for its products, international growth dovetailed by rising term view. evaluation. They evaluate the company, groups in Turkey. Today its business international workforce of 13,000 people. and stands as one of the most active investment in high-potential industrial “I believe in trustworthiness, arbitrage and the offer is dependent on buyer and interests span a broad range of sectors The group is continuing to expand in members of Borsa Istanbul’s Precious activities. Under his mid-term vision, and trading, but for our founder, my seller markets. What we do is different; and industries including mining and 2020, and Yildirim is currently seeking Metals Market. revenues from the group company 4R father, the name and brand was very people see the tip of the iceberg, but I see ferroalloys, fertilizers and chemicals, coal international investment partners to Nadir Metal Rafineri has clearly realized Cevre ve Enerji operating in industrial important. Branding is still important, but the bottom. I see the hidden value in a and coke, energy, port management, expand further into high-potential major successes in the Turkish market, waste recycling stream are expected to in today’s market, sustainability and company,” he said. shipping, shipbuilding, real estate segments, for example ports. although today, Chairman Abdullah double over the next five years. The quality are equally critical; these are the development, construction, and private Through its sub-holding company, Tütüncü has set his sights to more distant company is also planning to invest €30 two most important values, followed by equity. Yilport Holding Inc., the group has a horizons, with a view to forging new million in an industrial waste project, with trust. You shouldn’t give up; keep Robert Yuksel Yildirim, President and mission to become a top 10 global partnerships with firms in Europe and the target of producing eight megawatts struggling and pushing the right thing and CEO of Yildirim Group, described how his container terminal operator by 2025. Its Asia. of energy from the new facility within five benefits will come along,” he said. company has thrived in the face of growth strategy focuses on making one or “We remain focused on the domestic years. challenging macroeconomic headwinds. two acquisitions of ports or container market, which accounts for 70% of our Innovation will also play a key role in “The secret of success is in working terminals annually. Once it has moved its core business, however we have been future expansion. Tütüncü plans to build a th smarter and anticipating the markets. We current position of 12 globally to reach increasingly focused on the Asian and precious metals platform which would have a closed loop system that is always the top 10, it will focus on maintaining its Chinese markets because we believe expand foreign access to the Turkish checking itself and correcting; I’m an position and pursuing organic growth. they will provide major new opportunities market. With his planned platform, the engineer so I know how it works. We Yildirim’s ability to accurately judge and for the company in the coming years, company could expand its base of have live budget planning. We make leverage risk has kept the family business especially in combination with European retailers making small purchases – 1 gram yearly, quarterly, monthly, and weekly ahead of the competition for decades, markets,” he said. of gold, for example – to between 500,000 SponsoredSponsored Section Section Sponsored Section Global Investment Holdings - A World Leader urkey’s economic rebalancing is management. Since 1990, the year GIH remains Turkish in ŞA-RA Group Eksim Investment Holding gathering pace, with international was first established as Global Securities, identity, and Tinstitutions giving a vote of a brokerage house, the Group underwent continues to invest Türkmen Group confidence in the country’s outlook. In a transformation in the mid-2000s brought in its home November, Fitch Ratings raised Turkey’s its various investments at different sectors country, and its Building Globally Ahead of the Curve compressed sovereign outlook to stable, noting “further under the roof of GIH. natural gas progress in stabilizing and rebalancing the “We realized the floodgates for foreign subsidiary will The Cutting Edge Turkish economy”, including a narrower investments were going to open,” says launch an IPO in Turkey is fast-becoming a global leader in renewable current account deficit and higher growth. Mehmet Kutman, GIH’s Chairman and Mehmet Kutman the coming Turkey’s economy resumed a positive growth trajectory in Tourism is a major driver of growth, and CEO. “We decided to shrink our energy development – the country’s installed renewable Chairman months. GIH’s 2019, supported by a resurgence in foreign trade, which hit source of support to the current account. investment bank and became a Private Thecapacity Turkish has economy soared by resumed 11% annually a growth over trajectory the previous in 2019, asset an 18-year high to comprise 4.7 percentage points of the The sector achieved a record year in 2019, Equity firm, buying assets from 2006 management subsidiary Actus will country’s GDP growth. Manufacturing remains a critical bolstereddecade, hittingby a powerhouse 45,000 MW production as of February base 2020, that brought from with 51.7m arrivals. One of the fastest- onwards.” complete merger with another major player exports to an all-time high of $180.5 billion, and cut its growing and highest-value segments is These assets included container and soon to form Turkey’s biggest locally component of Turkish economy, accounting for 84% of the just 15,500 MW in 2010. Renewable energy now cruises, and Turkey saw cruise ship cruise ports, and the company achieved owned and independent and non-bank country’s total production, and supported by a sizeable foreign trade deficit by 44.9% in the same year. arrivals rise nearly 40% in 2019, to 344 an inflection point in 2012 when it bought asset management company in the sector. accounts for a remarkable 49% of Turkey’s total installed from 247 in 2018. This year, the Aegean base of value-added exporters like ŞA-RA Group. into the Port of Barcelona. It now has With the economy on the up, GIH is well- Turkishpower capacity. textiles date Theback government to the Ottoman plans to Empire, further andboost the resort of Kusadasi, biggest cruise port in interests in 21 ports, with a 35% market placed to reap the rewards and grow Turkey, is expecting 310 cruise ship visits. share in the Mediterranean, and growing country’srenewable textiles capacity and to apparel 63,000 sectors MW by continue 2024, meaning to play a beyond its current asset size of c. Kusadasi is one of 21 ports managed activities in the Caribbean and Asia. USD2.5b. majordomestic role inenergy supporting companies macroeconomic are set to capitalise growth: Textiles on under the world’s largest cruise port The company continues to seek new In addition to main sectors driving the and ready-wear garments accounted for 15% of Turkey’s consolidator, Global Ports Holding partners to pool risk, and to ensure that Group’s growth, Mr. Gregory Michael Kiez, massive growth opportunities. Eksim Investment Holding, (“GPH”), a London listed and industry local businesses and communities benefit th Group also operates in the civil Şadi Türk founder and first chairman of GPH was an ow in its 35 year of operation, total exports last year, valued at around $28 billion – an Ebubekir Tivnikli pioneer company that has seen rapid from investments. In 2019 GPH signed a construction, industry, tourism, and a well-known industrial leader and a rising star in the early stage investor at Facebook and the ŞA-RA Group has played an Chairman – ŞA-RA Group Atila Türkmen international expansion over the past deal to operate Nassau Cruise Port in the foreign trade sectors. Chairman – Eksim Investment Group carries this flag by investing in Nimportant role in boosting Turkish improvement from 2018’s record-breaking $26.1 billion. decade. GPH is a subsidiary of Global Bahamas, taking a 49% equity stake, with renewables sector, is one such company. companies like Firefly (programmable manufacturing, exports, and “While we make business in the Iraq for post-war reconstruction, and has ChairmanHolding – Türkmen Group Investment Holdings (“GIH”), a diversified 49% owned by Bahamians and 2% by a screens atop taxis and ride-share industrialization for decades. A pioneer in international market, we also invest in the successfully completed construction conglomerate which also owns Europe’s local charitable foundation. vehicles), Axel Hotels, Tesla and Jumptuit. energy transmission line materials engineering and research side of the projects in Kyrgyzstan, Algeria, Georgia, stablished in 1986, the Group investment to hit 1500 MW of installed recorded steady forex returns from its he sectors are supported by a garment business, ATT Clothing, has years it has become a mass-production hence Turkey’s largest compressed “There’s always demand for what we do manufacturing, the Group has been business and in factories, to stay at the and Pakistan, in addition to building up a quickly rose to become an capacity in the coming years, up from renewable energy projects last year, robust base of more than 50,000 pioneered “fast fashion” in Turkey since industry. Apparel is a huge sector, but natural gas distributor, and has interests at different operational company levels,” export-focused since its inception, forefront of the most recent technological robust presence in North America and important Turkish food trader, current levels of 623 MW, including 461 enabling it to remain resilient in the face Eapparel and textiles manufacturers, 1998, offering 4-6 weeks lead times with only a small fraction produces fashion. as diverse as solar energy, biomass, real says Kutman. building up its production capacity in trends. We are always working in various Europe, a major source of growth over Tgrowing its portfolio to include grains, MW of wind and 162 MW of hydroelectric of challenging currency volatility. including Türkmen Group, where an annual production capacity of 7.5 Fashion garments are unique; not every estate and brokerage, and asset While a truly global company, GIH tandem with a strong international client business directions,” said Türk. the previous six years. oilseeds, and later, energy sector power. The Group ranks among the top “2019 was a tough year for our country, technological innovation has enabled million pieces of women’s garments. garment is fashion. At Türkmen Group we network. This strategy has helped it achieve For Türk, this is just the beginning. He products. Today its interests span a host 5 producers of wind energy in Turkey. just like many others. However, thanks to rapid responses to ever-changing market Atila Türkmen, Chairman of the Türkmen make our own concepts and designs; not Today it owns five factories employing notable successes outside of energy envisions ŞA-RA Group will continue of high-priority sectors spread across This will further support growth in our government’s timely and courageous demands, pushing the group to become Group, counts creativity, agility and everyone does that. We are happy with more than 2000 people and offering a infrastructure. As the founder and building its global footprint in 2020, Turkey, Ukraine, Romania, Ghana, and energy distribution services, where policy decisions, our economy was able one of the country’s most important innovation as the most important how it has gone, and are excited about Kibar Holding – Export Powerhouse total of 480,000 sq m of open space and chairman of Turkey’s Fifth Largest offering new international investors the Georgia, and its end-of-2019 operational Eksim is among Turkey’s biggest to rebalance itself. Tough times open exporters of textiles and garments. competitive advantages for his garment our future plans” he said. 150,000 sq m of closed space. The Group Industrial Zone in Ankara, which is home opportunity for a profitable partnership. volume reached 2 billion USD. investors. Group’s subsidiary Dicle windows for progress. Yes, we have he Turkish government has from plants in the Aegean Free Zone, the UN Global Compact, and the Türkmen Group has been in operation and textiles businesses. Operations are further strengthened by a produces energy transmission line towers to more than 300 companies, Mr. Turk The Group is currently working to expand Chairman Ebubekir Tivnikli, representing Elektrik, which provides electricity to 6 been affected by external volatility, but it targeted boosting annual exports and Assan Hanil, a parts supplier for company invests heavily in research and for more than 45 years, maintaining a “In the information age, people are able long list of major clients. The Group has and transmission line hardware/fittings, also made investments to Group its presence in Pakistan, building on its the second generation of the family, said major cities in Turkey’s southeast region, was an opportunity for us, which is why Tto $500 billion by 2023, international automakers. development, including through recent leading position through the strength of its to instantly access information and visual forged partnerships with some of the partnerships with Turkish Airlines and substation steel structures, heavy steel companies such as TurkTur which has successes as an infrastructure supplier Eksim’s ability to embrace change and comes second with respect to the we decided to make investments to demonstrating the strong growth According to Chairman Ali Kibar, technological innovation, supply chain examples of the products they want. world’s largest multinationals, in addition Heritage Group. structures, fasteners, highway guardrails, developed and owns 4 major five star to take on new projects as a construction invest in new, high-priority sectors allowed volume of megawatts distributed among extend our renewable energy portfolio, potential of manufacturing in Turkey. management, and industry know-how. Once the product has been seen, it gets to providing consulting services in key “We’ve put R&D activities at the heart lighting and GSM poles, making it unique hospitality projects which have more than contractor. The steel structures and it to remain competitive throughout the the 21 national energy distribution buying new renewable energy licenses, Promisingly for its vast base of The Group has continuously innovated its 'old' and you need a new concept, new markets such as Brazil and Mexico. It is of our growth strategy, which has in Turkey. 4500 bed capacity and TurkYapi fasteners exporting business also holds decades; innovation has driven the companies. Dicle Elektrik massively which leaves us well-positioned to build producers, the sector regained its footing afforded us many opportunities for business model, moving from being a product. In Turkey, we can rapidly also important to highlight that the Group Group Chairman Şadi Türk said ŞA-RA which has multiple commercial and high potential for future investment, with Group’s business strategy since the turn of upgraded the energy efficiency levels in on recent successes,” said Tivnikli. late last year: The Purchasing Managers’ success. Creating synergies and manufacturer to a complete solution respond to changing needs; and the was the first to develop and export its Group’s strong corporate identity, which residential civil construction projects in Türk citing Turkey’s highly-skilled, cost- the century, when it began investing its region, since taking over the utility Eksim’s Chairman believes it is a very Index rose in November for the first time exploring flexibility within the value chain provider. Turkmen Group is currently country’s geographic location and our supply chain management software to hinges on respect for clients, partners Turkey under the name of “Nokta” effective labour market, favourable heavily in renewable energy projects and from public sector back in 2013. suitable season for foreign investors to since April 2018, and growth surged to provides us a platform for growth in active in every step of the supply chain way of work with attractive lead times global retailers. different sectors, and extends our and employees, has made it one of the Projects. exchange rates, and investor-friendly real estate. Eksim prioritizes quality over volume for come to Turkey. His company is moving 9.1% y-o-y the following month. including fabric printing, concept creation allows us to ship any new products very Moving forward, innovation and leadership in product innovation,” says world’s most-well-known and well- A rock-solid reputation has also helped business climate as key competitive “Being visionary is one of our strongest its real estate investments and is a major to further expand its international Active across a host of high-potential (design studio), garment design and quickly.” he explained. technology will remain a key priority for Kibar. respected brands in its sector. the Group expand its business activities advantages. values. We are open to all types of partner in many cutting-edge projects in footprint, open to forging new manufacturing segments, industry leader Kibar is now seeking new international manufacturing, logistics and foreign trade, Türkmen Group is highly export- Türkmen Group, with the chairman now “Since the beginning of 2000 we have around the world: It earns an average of “From Turkey it is easy to work together innovation in business, to develop the Istanbul. The group also maintains a partnerships, potentially through venture Kibar Holding is now looking to build on partners to build on the group’s through its subsidiaries ATT Concorde, oriented, and its strong presence in the setting his sights on new joint ventures, in been among the top-500 industrial $100 million annually exporting to an with multiple regions and countries, and business inside and out. We are solid presence in its foundational capital investment or knowledge-sharing recent successes and expand its reach successes, having already developed a ATT Clothing, Türkmen Logistics, niche fashion garment sector, as well as a bid to further expand the Group’s global companies in Turkey, and we have held impressive 126 countries. In addition to expenses are lower than in Europe if you experienced, but still believe in the wisdom business lines, with a supply chain that agreements. The Group remains to new markets, with an emphasis on solid track record of collaboration with Türkmen Foreign Trade and GAAT investment in innovative technology footprint. leading corporates including Hyundai, this position for the last 20 years. This is holding a sizeable domestic market share open a new hotel or a new factory. We of constant learning. Sustainability is also includes Sinangil, Turkey’s first focused on high-potential sectors, and sustainability, organic growth, and International. It is known as a vertically- including supply chain management “We are interested in joint ventures, in Posco, and Seoyon e-Hwa. because, both in Turkey and in the across multiple product lines, it is also an are looking for projects all over the world, an important factor. We take a long-term packaged flour supplier: founded in plans a mid-term expansion into cutting- international partnerships. integrated, environmentally sound, solutions, has kept the Group competitive retail as well as new partnerships in the “As one of Turkey’s top five exporters, international market, our name is trusted. important infrastructure supplier for and we are open to any kind of view and keep the needs of future 1963, a respected sectoral leader, which edge technologies including artificial Kibar Holding was established in 1972, socially conscious and ethical company. and profitable. Today its subsidiary areas of technology and e-commerce. We we will keep our focus on export markets The realization of our projects is always countries including the US, Canada, partnership; we are interested in all generations in mind,” he said. shapes major trends of the market. Other intelligence, genetics, and medical building its portfolio to comprise food that are strategic for our country and In textiles, ATT Concorde’s 40,000 sqm Turkmen Logistics manages logistics are keen to continue to invest in order to handled in a professional manner,” he European countries, Iraq, Algeria, variety of activities and sectors, whether Notable renewables projects include the Eksim food companies are Eksun Food diagnostics. This has created attractive processing, automotive manufacturing, offer real growth potential, with the aim indoor factory stands as Europe’s leading operations that spans Egypt, Sri Lanka, strengthen our leadership in the market said. Pakistan, Saudi Arabia, Colombia, through a consortium arrangement or 75-megawatt75- (MW) Susurluk wind farm and Altınapa Milling Company, both of new opportunities for potential partners. packaging, and aluminum businesses. of increasing our share in these markets. fabric printing, dyeing and finishing India, China, all of Europe, and the and explore new opportunities.” he said. A forward-looking focus on technology Gambia, Afghanistan, Azerbaijan, and direct investment,” he said. commissioned in February 2011, and the which are among the top 500 Turkish Today the group employs 7500 people at Any firm that adds long-term value, facility, producing 15 million meters of Group’s central operations in Turkey. including through technology transfer, and innovation has kept ŞA-RA Group Turkmenistan, among many others. 63 MW Uzundere I hydropower project, industrial enterprises ranking of Istanbul 22 companies, including Assan viscose, polyester, silk and cotton fabrics “Our business is 100% exports, and we could be a partner”. competitive, and helped the company Notably, ŞA-RA Group has also built a which was built on İncesu creek and Chamber of Industry. Alüminyum, a leading global annually, and offering 40,000 different have great relationships with our clients. Ali Kibar build a comprehensive portfolio of product solid track record of success operating in commissioned in May 2010. The Group Prioritizing innovation and sustainability manufacturer of flat-rolled aluminum with print designs to its clients, as well as Before the 1970s, the apparel sector was Chairman –Kibar Holding and service offerings. While energy some of the world’s most challenging has targeted boosting renewable energy has been a winning strategy. The Group installed annual capacity of 300,000 2,500 new print designs each year. Its a niche market, but for the past 40-50 transmission is its main business, the markets. It was one of the first to enter tons. Other major companies operating innovation and sustainability are key under its portfolio include Assan Foods, competitive advantages – Kibar Group which produces more than 300 products was one of the first companies to sign Sponsored Section Sponsored Section Sponsored Section Global Investment Holdings - A World Leader urkey’s economic rebalancing is management. Since 1990, the year GIH remains Turkish in ŞA-RA Group Eksim Investment Holding gathering pace, with international was first established as Global Securities, identity, and Tinstitutions giving a vote of a brokerage house, the Group underwent continues to invest Türkmen Group confidence in the country’s outlook. In a transformation in the mid-2000s brought in its home November, Fitch Ratings raised Turkey’s its various investments at different sectors country, and its Building Globally Ahead of the Curve compressed sovereign outlook to stable, noting “further under the roof of GIH. natural gas progress in stabilizing and rebalancing the “We realized the floodgates for foreign subsidiary will The Cutting Edge Turkish economy”, including a narrower investments were going to open,” says launch an IPO in Turkey is fast-becoming a global leader in renewable current account deficit and higher growth. Mehmet Kutman, GIH’s Chairman and Mehmet Kutman the coming Turkey’s economy resumed a positive growth trajectory in Tourism is a major driver of growth, and CEO. “We decided to shrink our energy development – the country’s installed renewable Chairman months. GIH’s 2019, supported by a resurgence in foreign trade, which hit source of support to the current account. investment bank and became a Private Thecapacity Turkish has economy soared by resumed 11% annually a growth over trajectory the previous in 2019, asset an 18-year high to comprise 4.7 percentage points of the The sector achieved a record year in 2019, Equity firm, buying assets from 2006 management subsidiary Actus will country’s GDP growth. Manufacturing remains a critical bolstereddecade, hittingby a powerhouse 45,000 MW production as of February base 2020, that brought from with 51.7m arrivals. One of the fastest- onwards.” complete merger with another major player exports to an all-time high of $180.5 billion, and cut its growing and highest-value segments is These assets included container and soon to form Turkey’s biggest locally component of Turkish economy, accounting for 84% of the just 15,500 MW in 2010. Renewable energy now cruises, and Turkey saw cruise ship cruise ports, and the company achieved owned and independent and non-bank country’s total production, and supported by a sizeable foreign trade deficit by 44.9% in the same year. arrivals rise nearly 40% in 2019, to 344 an inflection point in 2012 when it bought asset management company in the sector. accounts for a remarkable 49% of Turkey’s total installed from 247 in 2018. This year, the Aegean base of value-added exporters like ŞA-RA Group. into the Port of Barcelona. It now has With the economy on the up, GIH is well- Turkishpower capacity. textiles date Theback government to the Ottoman plans to Empire, further andboost the resort of Kusadasi, biggest cruise port in interests in 21 ports, with a 35% market placed to reap the rewards and grow Turkey, is expecting 310 cruise ship visits. share in the Mediterranean, and growing country’srenewable textiles capacity and to apparel 63,000 sectors MW by continue 2024, meaning to play a beyond its current asset size of c. Kusadasi is one of 21 ports managed activities in the Caribbean and Asia. USD2.5b. majordomestic role inenergy supporting companies macroeconomic are set to capitalise growth: Textiles on under the world’s largest cruise port The company continues to seek new In addition to main sectors driving the and ready-wear garments accounted for 15% of Turkey’s consolidator, Global Ports Holding partners to pool risk, and to ensure that Group’s growth, Mr. Gregory Michael Kiez, massive growth opportunities. Eksim Investment Holding, (“GPH”), a London listed and industry local businesses and communities benefit th Group also operates in the civil Şadi Türk founder and first chairman of GPH was an ow in its 35 year of operation, total exports last year, valued at around $28 billion – an Ebubekir Tivnikli pioneer company that has seen rapid from investments. In 2019 GPH signed a construction, industry, tourism, and a well-known industrial leader and a rising star in the early stage investor at Facebook and the ŞA-RA Group has played an Chairman – ŞA-RA Group Atila Türkmen international expansion over the past deal to operate Nassau Cruise Port in the foreign trade sectors. Chairman – Eksim Investment Group carries this flag by investing in Nimportant role in boosting Turkish improvement from 2018’s record-breaking $26.1 billion. decade. GPH is a subsidiary of Global Bahamas, taking a 49% equity stake, with renewables sector, is one such company. companies like Firefly (programmable manufacturing, exports, and “While we make business in the Iraq for post-war reconstruction, and has ChairmanHolding – Türkmen Group Investment Holdings (“GIH”), a diversified 49% owned by Bahamians and 2% by a screens atop taxis and ride-share industrialization for decades. A pioneer in international market, we also invest in the successfully completed construction conglomerate which also owns Europe’s local charitable foundation. vehicles), Axel Hotels, Tesla and Jumptuit. energy transmission line materials engineering and research side of the projects in Kyrgyzstan, Algeria, Georgia, stablished in 1986, the Group investment to hit 1500 MW of installed recorded steady forex returns from its he sectors are supported by a garment business, ATT Clothing, has years it has become a mass-production hence Turkey’s largest compressed “There’s always demand for what we do manufacturing, the Group has been business and in factories, to stay at the and Pakistan, in addition to building up a quickly rose to become an capacity in the coming years, up from renewable energy projects last year, robust base of more than 50,000 pioneered “fast fashion” in Turkey since industry. Apparel is a huge sector, but natural gas distributor, and has interests at different operational company levels,” export-focused since its inception, forefront of the most recent technological robust presence in North America and important Turkish food trader, current levels of 623 MW, including 461 enabling it to remain resilient in the face Eapparel and textiles manufacturers, 1998, offering 4-6 weeks lead times with only a small fraction produces fashion. as diverse as solar energy, biomass, real says Kutman. building up its production capacity in trends. We are always working in various Europe, a major source of growth over Tgrowing its portfolio to include grains, MW of wind and 162 MW of hydroelectric of challenging currency volatility. including Türkmen Group, where an annual production capacity of 7.5 Fashion garments are unique; not every estate and brokerage, and asset While a truly global company, GIH tandem with a strong international client business directions,” said Türk. the previous six years. oilseeds, and later, energy sector power. The Group ranks among the top “2019 was a tough year for our country, technological innovation has enabled million pieces of women’s garments. garment is fashion. At Türkmen Group we network. This strategy has helped it achieve For Türk, this is just the beginning. He products. Today its interests span a host 5 producers of wind energy in Turkey. just like many others. However, thanks to rapid responses to ever-changing market Atila Türkmen, Chairman of the Türkmen make our own concepts and designs; not Today it owns five factories employing notable successes outside of energy envisions ŞA-RA Group will continue of high-priority sectors spread across This will further support growth in our government’s timely and courageous demands, pushing the group to become Group, counts creativity, agility and everyone does that. We are happy with more than 2000 people and offering a infrastructure. As the founder and building its global footprint in 2020, Turkey, Ukraine, Romania, Ghana, and energy distribution services, where policy decisions, our economy was able one of the country’s most important innovation as the most important how it has gone, and are excited about Kibar Holding – Export Powerhouse total of 480,000 sq m of open space and chairman of Turkey’s Fifth Largest offering new international investors the Georgia, and its end-of-2019 operational Eksim is among Turkey’s biggest to rebalance itself. Tough times open exporters of textiles and garments. competitive advantages for his garment our future plans” he said. 150,000 sq m of closed space. The Group Industrial Zone in Ankara, which is home opportunity for a profitable partnership. volume reached 2 billion USD. investors. Group’s subsidiary Dicle windows for progress. Yes, we have he Turkish government has from plants in the Aegean Free Zone, the UN Global Compact, and the Türkmen Group has been in operation and textiles businesses. Operations are further strengthened by a produces energy transmission line towers to more than 300 companies, Mr. Turk The Group is currently working to expand Chairman Ebubekir Tivnikli, representing Elektrik, which provides electricity to 6 been affected by external volatility, but it targeted boosting annual exports and Assan Hanil, a parts supplier for company invests heavily in research and for more than 45 years, maintaining a “In the information age, people are able long list of major clients. The Group has and transmission line hardware/fittings, also made investments to Group its presence in Pakistan, building on its the second generation of the family, said major cities in Turkey’s southeast region, was an opportunity for us, which is why Tto $500 billion by 2023, international automakers. development, including through recent leading position through the strength of its to instantly access information and visual forged partnerships with some of the partnerships with Turkish Airlines and substation steel structures, heavy steel companies such as TurkTur which has successes as an infrastructure supplier Eksim’s ability to embrace change and comes second with respect to the we decided to make investments to demonstrating the strong growth According to Chairman Ali Kibar, technological innovation, supply chain examples of the products they want. world’s largest multinationals, in addition Heritage Group. structures, fasteners, highway guardrails, developed and owns 4 major five star to take on new projects as a construction invest in new, high-priority sectors allowed volume of megawatts distributed among extend our renewable energy portfolio, potential of manufacturing in Turkey. management, and industry know-how. Once the product has been seen, it gets to providing consulting services in key “We’ve put R&D activities at the heart lighting and GSM poles, making it unique hospitality projects which have more than contractor. The steel structures and it to remain competitive throughout the the 21 national energy distribution buying new renewable energy licenses, Promisingly for its vast base of The Group has continuously innovated its 'old' and you need a new concept, new markets such as Brazil and Mexico. It is of our growth strategy, which has in Turkey. 4500 bed capacity and TurkYapi fasteners exporting business also holds decades; innovation has driven the companies. Dicle Elektrik massively which leaves us well-positioned to build producers, the sector regained its footing afforded us many opportunities for business model, moving from being a product. In Turkey, we can rapidly also important to highlight that the Group Group Chairman Şadi Türk said ŞA-RA which has multiple commercial and high potential for future investment, with Group’s business strategy since the turn of upgraded the energy efficiency levels in on recent successes,” said Tivnikli. late last year: The Purchasing Managers’ success. Creating synergies and manufacturer to a complete solution respond to changing needs; and the was the first to develop and export its Group’s strong corporate identity, which residential civil construction projects in Türk citing Turkey’s highly-skilled, cost- the century, when it began investing its region, since taking over the utility Eksim’s Chairman believes it is a very Index rose in November for the first time exploring flexibility within the value chain provider. Turkmen Group is currently country’s geographic location and our supply chain management software to hinges on respect for clients, partners Turkey under the name of “Nokta” effective labour market, favourable heavily in renewable energy projects and from public sector back in 2013. suitable season for foreign investors to since April 2018, and growth surged to provides us a platform for growth in active in every step of the supply chain way of work with attractive lead times global retailers. different sectors, and extends our and employees, has made it one of the Projects. exchange rates, and investor-friendly real estate. Eksim prioritizes quality over volume for come to Turkey. His company is moving 9.1% y-o-y the following month. including fabric printing, concept creation allows us to ship any new products very Moving forward, innovation and leadership in product innovation,” says world’s most-well-known and well- A rock-solid reputation has also helped business climate as key competitive “Being visionary is one of our strongest its real estate investments and is a major to further expand its international Active across a host of high-potential (design studio), garment design and quickly.” he explained. technology will remain a key priority for Kibar. respected brands in its sector. the Group expand its business activities advantages. values. We are open to all types of partner in many cutting-edge projects in footprint, open to forging new manufacturing segments, industry leader Kibar is now seeking new international manufacturing, logistics and foreign trade, Türkmen Group is highly export- Türkmen Group, with the chairman now “Since the beginning of 2000 we have around the world: It earns an average of “From Turkey it is easy to work together innovation in business, to develop the Istanbul. The group also maintains a partnerships, potentially through venture Kibar Holding is now looking to build on partners to build on the group’s through its subsidiaries ATT Concorde, oriented, and its strong presence in the setting his sights on new joint ventures, in been among the top-500 industrial $100 million annually exporting to an with multiple regions and countries, and business inside and out. We are solid presence in its foundational capital investment or knowledge-sharing recent successes and expand its reach successes, having already developed a ATT Clothing, Türkmen Logistics, niche fashion garment sector, as well as a bid to further expand the Group’s global companies in Turkey, and we have held impressive 126 countries. In addition to expenses are lower than in Europe if you experienced, but still believe in the wisdom business lines, with a supply chain that agreements. The Group remains to new markets, with an emphasis on solid track record of collaboration with Türkmen Foreign Trade and GAAT investment in innovative technology footprint. leading corporates including Hyundai, this position for the last 20 years. This is holding a sizeable domestic market share open a new hotel or a new factory. We of constant learning. Sustainability is also includes Sinangil, Turkey’s first focused on high-potential sectors, and sustainability, organic growth, and International. It is known as a vertically- including supply chain management “We are interested in joint ventures, in Posco, and Seoyon e-Hwa. because, both in Turkey and in the across multiple product lines, it is also an are looking for projects all over the world, an important factor. We take a long-term packaged flour supplier: founded in plans a mid-term expansion into cutting- international partnerships. integrated, environmentally sound, solutions, has kept the Group competitive retail as well as new partnerships in the “As one of Turkey’s top five exporters, international market, our name is trusted. important infrastructure supplier for and we are open to any kind of view and keep the needs of future 1963, a respected sectoral leader, which edge technologies including artificial Kibar Holding was established in 1972, socially conscious and ethical company. and profitable. Today its subsidiary areas of technology and e-commerce. We we will keep our focus on export markets The realization of our projects is always countries including the US, Canada, partnership; we are interested in all generations in mind,” he said. shapes major trends of the market. Other intelligence, genetics, and medical building its portfolio to comprise food that are strategic for our country and In textiles, ATT Concorde’s 40,000 sqm Turkmen Logistics manages logistics are keen to continue to invest in order to handled in a professional manner,” he European countries, Iraq, Algeria, variety of activities and sectors, whether Notable renewables projects include the Eksim food companies are Eksun Food diagnostics. This has created attractive processing, automotive manufacturing, offer real growth potential, with the aim indoor factory stands as Europe’s leading operations that spans Egypt, Sri Lanka, strengthen our leadership in the market said. Pakistan, Saudi Arabia, Colombia, through a consortium arrangement or 75-75-megawatt (MW) Susurluk wind farm and Altınapa Milling Company, both of new opportunities for potential partners. packaging, and aluminum businesses. of increasing our share in these markets. fabric printing, dyeing and finishing India, China, all of Europe, and the and explore new opportunities.” he said. A forward-looking focus on technology Gambia, Afghanistan, Azerbaijan, and direct investment,” he said. commissioned in February 2011, and the which are among the top 500 Turkish Today the group employs 7500 people at Any firm that adds long-term value, facility, producing 15 million meters of Group’s central operations in Turkey. including through technology transfer, and innovation has kept ŞA-RA Group Turkmenistan, among many others. 63 MW Uzundere I hydropower project, industrial enterprises ranking of Istanbul 22 companies, including Assan viscose, polyester, silk and cotton fabrics “Our business is 100% exports, and we could be a partner”. competitive, and helped the company Notably, ŞA-RA Group has also built a which was built on İncesu creek and Chamber of Industry. Alüminyum, a leading global annually, and offering 40,000 different have great relationships with our clients. Ali Kibar build a comprehensive portfolio of product solid track record of success operating in commissioned in May 2010. The Group Prioritizing innovation and sustainability manufacturer of flat-rolled aluminum with print designs to its clients, as well as Before the 1970s, the apparel sector was Chairman –Kibar Holding and service offerings. While energy some of the world’s most challenging has targeted boosting renewable energy has been a winning strategy. The Group installed annual capacity of 300,000 2,500 new print designs each year. Its a niche market, but for the past 40-50 transmission is its main business, the markets. It was one of the first to enter tons. Other major companies operating innovation and sustainability are key under its portfolio include Assan Foods, competitive advantages – Kibar Group which produces more than 300 products was one of the first companies to sign Sponsored Section Sponsored Section Sponsored Section Global Investment Holdings - A World Leader Eksim Investment Holding urkey’s economic rebalancing is management. Since 1990, the year GIH remains Turkish in gathering pace, with international was first established as Global Securities, identity, and Türkmen Group Tinstitutions giving a vote of a brokerage house, the Group underwent continues to invest confidence in the country’s outlook. In a transformation in the mid-2000s brought in its home ŞA-RA Group country, and its Ahead of the Curve November, Fitch Ratings raised Turkey’s its various investments at different sectors compressed sovereign outlook to stable, noting “further under the roof of GIH. natural gas The Cutting Edge progress in stabilizing and rebalancing the “We realized the floodgates for foreign subsidiary will Building Globally Turkish economy”, including a narrower investments were going to open,” says launch an IPO in Turkey is fast-becoming a global leader in renewable current account deficit and higher growth. Mehmet Kutman, GIH’s Chairman and Mehmet Kutman the coming Tourism is a major driver of growth, and CEO. “We decided to shrink our energy development – the country’s installed renewable Chairman months. GIH’s Turkey’s economy resumed a positive growth trajectory in source of support to the current account. investment bank and became a Private Thecapacity Turkish has economy soared byresumed 11% annually a growth over trajectory the previous in 2019, asset 2019, supported by a resurgence in foreign trade, which hit The sector achieved a record year in 2019, Equity firm, buying assets from 2006 management subsidiary Actus will an 18-year high to comprise 4.7 percentage points of the bolstereddecade, hittingby a powerhouse 45,000 MW production as of February base 2020, that brought from with 51.7m arrivals. One of the fastest- onwards.” complete merger with another major player exports to an all-time high of $180.5 billion, and cut its growing and highest-value segments is These assets included container and soon to form Turkey’s biggest locally country’s GDP growth. Manufacturing remains a critical just 15,500 MW in 2010. Renewable energy now cruises, and Turkey saw cruise ship cruise ports, and the company achieved owned and independent and non-bank component of Turkish economy, accounting for 84% of the foreignaccounts trade for deficit a remarkable by 44.9% 49% in the of Turkey’ssame year. total installed arrivals rise nearly 40% in 2019, to 344 an inflection point in 2012 when it bought asset management company in the sector. country’s total production, and supported by a sizeable from 247 in 2018. This year, the Aegean into the Port of Barcelona. It now has With the economy on the up, GIH is well- Turkishpower capacity.textiles date The back government to the Ottoman plans to Empire, further andboost the resort of Kusadasi, biggest cruise port in interests in 21 ports, with a 35% market placed to reap the rewards and grow base of value-added exporters like ŞA-RA Group. Turkey, is expecting 310 cruise ship visits. share in the Mediterranean, and growing country’srenewable textiles capacity and to apparel 63,000 sectors MW by continue 2024, meaning to play a beyond its current asset size of c. Kusadasi is one of 21 ports managed activities in the Caribbean and Asia. USD2.5b. majordomestic role inenergy supporting companies macroeconomic are set to capitalise growth: Textiles on under the world’s largest cruise port The company continues to seek new In addition to main sectors driving the and ready-wear garments accounted for 15% of Turkey’s consolidator, Global Ports Holding partners to pool risk, and to ensure that Group’s growth, Mr. Gregory Michael Kiez, massive growth opportunities. Eksim Investment Holding, (“GPH”), a London listed and industry local businesses and communities benefit th Group also operates in the civil Şadi Türk founder and first chairman of GPH was an ow in its 35 year of operation, total exports last year, valued at around $28 billion – an Ebubekir Tivnikli pioneer company that has seen rapid from investments. In 2019 GPH signed a construction, industry, tourism, and a well-known industrial leader and a rising star in the early stage investor at Facebook and the ŞA-RA Group has played an Chairman – ŞA-RA Group Atila Türkmen international expansion over the past deal to operate Nassau Cruise Port in the foreign trade sectors. Chairman – Eksim Investment Group carries this flag by investing in Nimportant role in boosting Turkish improvement from 2018’s record-breaking $26.1 billion. decade. GPH is a subsidiary of Global Bahamas, taking a 49% equity stake, with manufacturing, exports, and “While we make business in the renewables sector, is one such company. Chairman – Türkmen Group companies like Firefly (programmable Iraq for post-war reconstruction, and has Holding Investment Holdings (“GIH”), a diversified 49% owned by Bahamians and 2% by a industrialization for decades. A pioneer in international market, we also invest in the screens atop taxis and ride-share successfully completed construction conglomerate which also owns Europe’s local charitable foundation. energy transmission line materials engineering and research side of the vehicles), Axel Hotels, Tesla and Jumptuit. projects in Kyrgyzstan, Algeria, Georgia, hence Turkey’s largest compressed “There’s always demand for what we do manufacturing, the Group has been business and in factories, to stay at the and Pakistan, in addition to building up a he sectors are supported by a garment business, ATT Clothing, has years it has become a mass-production natural gas distributor, and has interests at different operational company levels,” export-focused since its inception, forefront of the most recent technological robust presence in North America and robuststab baselished of in more 1986 than, the 50,000Group pioneeredinvestment “fast to hitfashion” 1500 MWin Turkey of installed since industry.recorded Apparel steady is forex a huge returns sector, from but its as diverse as solar energy, biomass, real says Kutman. building up its production capacity in trends. We are always working in various Europe, a major source of growth over apparelquickly and rose textile to becomes manufacturers, an 1998,capacity offering in the 4- coming6 weeks years, lead time up froms with onlyrenewable a small fracti energyon producesprojects last fashion. year, estate and brokerage, and asset While a truly global company, GIH tandem with a strong international client business directions,” said Türk. the previous six years. T includingimportant Türkmen Turkish Group, foodwhere trader, ancurrent annual levels production of 623 capacityMW, including of 7.5 461 Fashionenabling garments it to remain are unique;resilient not in theevery face network. This strategy has helped it achieve For Türk, this is just the beginning. He E technologicalgrowing its portfolioinnovation to includehas enabled grains, millionMW of pieces wind andof women’s 162 MW garments of hydroelectric. garmentof challenging is fashio currencyn. At Tür kmvolatility.en Group we Today it owns five factories employing notable successes outside of energy envisions ŞA-RA Group will continue rapidoilseeds, responses and later,to ever energy-changing sector market Atilapower. Tü Therkmen, Group Chairman ranks among of the T theürkmen top make “2019 our wasown aconcepts tough year and for designs; our country, not more than 2000 people and offering a infrastructure. As the founder and building its global footprint in 2020, demands,products. push Todaying itsthe interests group to span become a host Group,5 producers counts of creativity, wind energy agility in andTurkey. everyonejust like doesmany that. others. We However,are happy thanks with to Kibar Holding – Export Powerhouse total of 480,000 sq m of open space and chairman of Turkey’s Fifth Largest offering new international investors the oneof ofhigh-priority the country’s sectors most spread important across innovation This will asfurther the most support important growth in howour it government’shas gone, and timely are excited and courageous about 150,000 sq m of closed space. The Group Industrial Zone in Ankara, which is home opportunity for a profitable partnership. he Turkish government has from plants in the Aegean Free Zone, the UN Global Compact, and the exportersTurkey, ofUkraine, textiles Romania, and garments. Ghana, and competitiveenergy distribution advantages services, for his where garment ourpolicy futur edecisions, plans” he our said. economy was able produces energy transmission line towers to more than 300 companies, Mr. Turk The Group is currently working to expand targeted boosting annual exports and Assan Hanil, a parts supplier for company invests heavily in research and TürkmenGeorgia, Group and its has end-of-2019 been in operation operational andEksim textiles is among businesses. Turkey’s biggest Operationsto rebalance ar eitself. further Tough strengthe timesned open by a and transmission line hardware/fittings, also made investments to Group its presence in Pakistan, building on its Tto $500 billion by 2023, international automakers. development, including through recent forvolume more than reached 45 years, 2 billion maintaining USD. a “Ininvestors. the information Group’s age,subsidiary people Dicle are able longwindows list of major for progress. clients. TYes,he G werou havep has substation steel structures, heavy steel companies such as TurkTur which has successes as an infrastructure supplier demonstrating the strong growth According to Chairman Ali Kibar, partnerships with Turkish Airlines and leading Chairman position Ebubekir through Tivnikli, the strength representing of its toElektrik, instantly which access provides information electricity and visualto 6 forgedbeen partnerships affected by external with som volatility,e of the but it Heritage Group. structures, fasteners, highway guardrails, developed and owns 4 major five star to take on new projects as a construction potential of manufacturing in Turkey. technologicalthe second generationinnovation, ofsupply the family, chain said examplesmajor cities of thein Turkey’s products southeast they want region,. world’swas an largest opportunity multinationals, for us, which in addition is why “We’ve put R&D activities at the heart lighting and GSM poles, making it unique hospitality projects which have more than contractor. The steel structures and Promisingly for its vast base of management,Eksim’s ability and to industry embrace know change-how. and Ocomesnce the second product with has respect been seen to the, it gets to weproviding decided consulting to make investmentsservices in key to of our growth strategy, which has in Turkey. 4500 bed capacity and TurkYapi fasteners exporting business also holds producers, the sector regained its footing afforded us many opportunities for Theinvest Group in new,has continuously high-priority innovasectorsted allowed its 'old'volume and youof megawatts need a new distributed concept, amongnew marketsextend suc ourh renewableas Brazil and energy Mexico. portfolio, It is Group Chairman Şadi Türk said ŞA-RA which has multiple commercial and high potential for future investment, with late last year: The Purchasing Managers’ success. Creating synergies and businessit to remain model, competitive moving from throughout being a the productthe 21. national In Turkey energy, we can distribution rapidly alsbuyingo important new renewableto highlight energy that the licenses, Group Group’s strong corporate identity, which residential civil construction projects in Türk citing Turkey’s highly-skilled, cost- Index rose in November for the first time exploring flexibility within the value chain manufacturerdecades; innovation to a complete has driven solution the respondcompanies. to changing Dicle Elektrik needs massively; and the waswhich the firsleavest to devel us well-positionedop and export to its build hinges on respect for clients, partners Turkey under the name of “Nokta” effective labour market, favourable since April 2018, and growth surged to provides us a platform for growth in provider.Group’s T businessurkmen Group strategy is currently since the turn of country’supgraded geographic the energy location efficiency and levels our in supplyon recent chain successes,” management said software Tivnikli. to different sectors, and extends our and employees, has made it one of the Projects. exchange rates, and investor-friendly 9.1% y-o-y the following month. activethe century,in every whenstep of it beganthe supply investing chain wayits region,of work since with attractivetaking over lead the times utility global Eksim’s retailers. Chairman believes it is a very leadership in product innovation,” says world’s most-well-known and well- A rock-solid reputation has also helped business climate as key competitive Active across a host of high-potential includingheavily fabricin renewable printing, energy concept projects creation and allowsfrom publicus to shipsector any back new in product 2013. s very Movingsuitable forward, season innovati for foreignon andinvestors to Kibar. respected brands in its sector. the Group expand its business activities advantages. manufacturing segments, industry leader Kibar is now seeking new international (designreal estate. studio), garment design and quickly Eksim.” heprioritizes explained. quality over volume for technologycome to Turkey. will remain His companya key priority is moving for “Since the beginning of 2000 we have around the world: It earns an average of “From Turkey it is easy to work together Kibar Holding is now looking to build on partners to build on the group’s manufacturing, “Being visionary logistics is one and of foreignour strongest trade, Tüits rkmenreal estate Grou investmentsp is highly export and is- a major Tütorkmen further Group, expand with its the international chairman now been among the top-500 industrial $100 million annually exporting to an with multiple regions and countries, and recent successes and expand its reach successes, having already developed a throughvalues. its We subsidiaries are open toATT all Concorde,types of oriented,partner inand many its strong cutting-edge presence projects in the in settingfootprint, his sights open toon forging new joint new ventures, in companies in Turkey, and we have held impressive 126 countries. In addition to expenses are lower than in Europe if you to new markets, with an emphasis on solid track record of collaboration with ATTinnovation Clothing, in T business,ürkmen Logistics, to develop the nicheIstanbul. fashion The garment group also sector maintains, as well a as a bidpartnerships, to further expand potentially the throughGroup’s ventureglobal this position for the last 20 years. This is holding a sizeable domestic market share open a new hotel or a new factory. We sustainability, organic growth, and leading corporates including Hyundai, Tübusinessrkmen Foreign inside Tradeand out. and We GAAT are investmentsolid presence in innovative in its foundational technology footprint.capital investment or knowledge-sharing Posco, and Seoyon e-Hwa. because, both in Turkey and in the across multiple product lines, it is also an are looking for projects all over the world, international partnerships. Internationalexperienced,. It isbut known still believe as a vertically in the wisdom- includingbusiness supply lines, withchain a managementsupply chain that “Weagreements. are interest Theed Groupin joint remains ventures, in “As one of Turkey’s top five exporters, international market, our name is trusted. important infrastructure supplier for and we are open to any kind of Kibar Holding was established in 1972, integrated,of constant environmentally learning. Sustainability sound, is also solutionsincludes, hasSinangil, kept theTurkey’s Group first competitive retailfocused as well on as high-potential new partnerships sectors, in theand we will keep our focus on export markets The realization of our projects is always countries including the US, Canada, partnership; we are interested in all building its portfolio to comprise food that are strategic for our country and sociallyan important conscious factor. and We ethical take company. a long-term andpackaged profitable flour. Today supplier: its subsidiary founded in areasplans of atechnology mid-term expansion and e-commerc into cutting-e. We handled in a professional manner,” he European countries, Iraq, Algeria, variety of activities and sectors, whether processing, automotive manufacturing, offer real growth potential, with the aim Inview textiles, and keepATT Concorde’sthe needs of 40,000 future sqm Turkmen1963, a respectedLogistics manages sectoral leader,logistics which areedge keen technologies to continue toincluding invest in artificial order to said. Pakistan, Saudi Arabia, Colombia, through a consortium arrangement or packaging, and aluminum businesses. of increasing our share in these markets. indoorgenerations factory standsin mind,” as he Europe’ said. s leading operationsshapes major that trendsspans Egypt,of the market. Sri Lanka, Other strengthenintelligence, our genetics,leadership and in themedical market A forward-looking focus on technology Gambia, Afghanistan, Azerbaijan, and direct investment,” he said. Today the group employs 7500 people at Any firm that adds long-term value, fabric Notable printing, renewables dyeing and projects finishing include the India,Eksim China, food companiesall of Europe, are and Eksun the Food diagnostics. This has created attractive and innovation has kept ŞA-RA Group Turkmenistan, among many others. and explore new opportunities.” he said. 22 companies, including Assan including through technology transfer, facility,75-75-megawatt producing (MW) 15 million Susurluk meters wind of farm Group’sand Altınapa central Milling operations Company, in Turkey. both of new opportunities for potential partners. could be a partner”. competitive, and helped the company Notably, ŞA-RA Group has also built a Alüminyum, a leading global viscose,commissioned polyester, in silkFebruary and cotton 2011, fabrics and the “Ourwhich business are among is 100% the top export 500 sTurkish, and we Ali Kibar build a comprehensive portfolio of product solid track record of success operating in manufacturer of flat-rolled aluminum with 63 MW Uzundere I hydropower project, industrial enterprises ranking of Istanbul Chairman –Kibar Holding and service offerings. While energy some of the world’s most challenging annually, and offering 40,000 different have great relationships with our clients. installed annual capacity of 300,000 printwhich designs was builtto its on clients, İncesu as creek well asand BeforeChamber the 1970s,of Industry. the apparel sector was transmission is its main business, the markets. It was one of the first to enter tons. Other major companies operating innovation and sustainability are key commissioned in May 2010. The Group Prioritizing innovation and sustainability 2,500 new print designs each year. Its a niche market, but for the past 40-50 under its portfolio include Assan Foods, competitive advantages – Kibar Group has targeted boosting renewable energy has been a winning strategy. The Group which produces more than 300 products was one of the first companies to sign Sponsored Section SponsoredSponsored Section Section Global Investment Holdings - A World Leader Eksim Investment Holding urkey’s economic rebalancing is management. Since 1990, the year GIH remains Turkish in gathering pace, with international was first established as Global Securities, identity, and Türkmen Group T institutions giving a vote of a brokerage house, the Group underwent continues to invest confidence in the country’s outlook. In a transformation in the mid-2000s brought in its home ŞA-RA Group country, and its Ahead of the Curve November, Fitch Ratings raised Turkey’s its various investments at different sectors compressed sovereign outlook to stable, noting “further under the roof of GIH. natural gas The Cutting Edge progress in stabilizing and rebalancing the “We realized the floodgates for foreign subsidiary will Building Globally Turkish economy”, including a narrower investments were going to open,” says launch an IPO in Turkey is fast-becoming a global leader in renewable current account deficit and higher growth. Mehmet Kutman, GIH’s Chairman and Mehmet K utman the coming Tourism is a major driver of growth, and CEO. “We decided to shrink our energy development – the country’s installed renewable Chairman months. GIH’s Turkey’s economy resumed a positive growth trajectory in source of support to the current account. investment bank and became a Private Thecapacity Turkish has economy soared by resumed 11% annually a growth over trajectory the previous in 2019, asset 2019, supported by a resurgence in foreign trade, which hit The sector achieved a record year in 2019, Equity firm, buying assets from 2006 management subsidiary Actus will an 18-year high to comprise 4.7 percentage points of the bolstereddecade, hittingby a powerhouse 45,000 MW production as of February base 2020, that brought from with 51.7m arrivals. One of the fastest- onwards.” complete merger with another major player exports to an all-time high of $180.5 billion, and cut its growing and highest-value segments is These assets included container and soon to form Turkey’s biggest locally country’s GDP growth. Manufacturing remains a critical just 15,500 MW in 2010. Renewable energy now cruises, and Turkey saw cruise ship cruise ports, and the company achieved owned and independent and non-bank component of Turkish economy, accounting for 84% of the foreignaccounts trade for deficit a remarkable by 44.9% 49% in theof Turkey’ssame year. total installed arrivals rise nearly 40% in 2019, to 344 an inflection point in 2012 when it bought asset management company in the sector. country’s total production, and supported by a sizeable from 247 in 2018. This year, the Aegean into the Port of Barcelona. It now has With the economy on the up, GIH is well- Turkishpower capacity. textiles date Theback government to the Ottoman plans to Empire, further andboost the resort of Kusadasi, biggest cruise port in interests in 21 ports, with a 35% market placed to reap the rewards and grow base of value-added exporters like ŞA-RA Group. Turkey, is expecting 310 cruise ship visits. share in the Mediterranean, and growing country’srenewable textiles capacity and to apparel 63,000 sectors MW by continue 2024, meaning to play a beyond its current asset size of c. Kusadasi is one of 21 ports managed activities in the Caribbean and Asia. USD2.5b. majordomestic role inenergy supporting companies macroeconomic are set to capitalise growth: Textiles on under the world’s largest cruise port The company continues to seek new In addition to main sectors driving the and ready-wear garments accounted for 15% of Turkey’s consolidator, Global Ports Holding partners to pool risk, and to ensure that Group’s growth, Mr. Gregory Michael Kiez, massive growth opportunities. Eksim Investment Holding, (“GPH”), a London listed and industry local businesses and communities benefit th Group also operates in the civil Şadi Türk founder and first chairman of GPH was an ow in its 35 year of operation, total exports last year, valued at around $28 billion – an Ebubekir Tivnikli pioneer company that has seen rapid from investments. In 2019 GPH signed a construction, industry, tourism, and a well-known industrial leader and a rising star in the early stage investor at Facebook and the ŞA-RA Group has played an Chairman – ŞA-RA Group Atila Türkmen international expansion over the past deal to operate Nassau Cruise Port in the foreign trade sectors. Chairman – Eksim Investment Group carries this flag by investing in Nimportant role in boosting Turkish improvement from 2018’s record-breaking $26.1 billion. decade. GPH is a subsidiary of Global Bahamas, taking a 49% equity stake, with manufacturing, exports, and “While we make business in the renewables sector, is one such company. Chairman – Türkmen Group companies like Firefly (programmable Iraq for post-war reconstruction, and has Holding Investment Holdings (“GIH”), a diversified 49% owned by Bahamians and 2% by a industrialization for decades. A pioneer in international market, we also invest in the screens atop taxis and ride-share successfully completed construction conglomerate which also owns Europe’s local charitable foundation. energy transmission line materials engineering and research side of the vehicles), Axel Hotels, Tesla and Jumptuit. projects in Kyrgyzstan, Algeria, Georgia, hence Turkey’s largest compressed “There’s always demand for what we do manufacturing, the Group has been business and in factories, to stay at the and Pakistan, in addition to building up a he sectors are supported by a garment business, ATT Clothing, has years it has become a mass-production natural gas distributor, and has interests at different operational company levels,” export-focused since its inception, forefront of the most recent technological robust presence in North America and robuststab baselished of in more 1986 than, the 50,000Group pioneeredinvestment “fast to hitfashion” 1500 MW in Turkey of installed since industry.recorded Apparel steady is forex a huge returns sector, from but its as diverse as solar energy, biomass, real says Kutman. building up its production capacity in trends. We are always working in various Europe, a major source of growth over apparelquicklyand rose textile to becomes manufacturers, an 1998,capacity offering in the 4- coming6 weeks years, lead time up froms with onlyrenewable a small fractienergyon producesprojects last fashion. year, estate and brokerage, and asset While a truly global company, GIH tandem with a strong international client business directions,” said Türk. the previous six years. T includingimportant Türkmen Turkish Group, foodwhere trader, ancurrent annual levels production of 623 capacityMW, includingof 7.5 461 Fashionenabling garments it to remain are unique;resilient not in theevery face network. This strategy has helped it achieve For Türk, this is just the beginning. He E technologicalgrowing its portfolio innovation to include has enabled grains, millionMW ofpieces wind and of women’s 162 MW garmentsof hydroelectric. garmentof challenging is fashio currencyn. At Tür kmvolatility.en Group we Today it owns five factories employing notable successes outside of energy envisions ŞA-RA Group will continue rapidoilseeds, responses and later, to ever energy-changing sector market Atilapower. Tü Therkmen, Group Chairman ranks among of the Ttheürkmen top make “2019 our wasown aconcepts tough year and for designs; our country, not more than 2000 people and offering a infrastructure. As the founder and building its global footprint in 2020, products. Today its interests span a host 5 producers of wind energy in Turkey. just like many others. However, thanks to total of 480,000 sq m of open space and chairman of Turkey’s Fifth Largest demands, pushing the group to become Group, counts creativity, agility and everyone does that. We are happy with Kibar Holding – Export Powerhouse offering new international investors the oneof ofhigh-priority the country’s sectors most spread important across innovation This will asfurther the mostsupport important growth in howour it government’shas gone, and timely are excited and courageous about 150,000 sq m of closed space. The Group Industrial Zone in Ankara, which is home opportunity for a profitable partnership. he Turkish government has from plants in the Aegean Free Zone, the UN Global Compact, and the exportersTurkey, ofUkraine, textiles Romania, and garments. Ghana, and competitiveenergy distribution advantages services, for his where garment ourpolicy futur edecisions, plans” he our said. economy was able produces energy transmission line towers to more than 300 companies, Mr. Turk The Group is currently working to expand targeted boosting annual exports and Assan Hanil, a parts supplier for company invests heavily in research and TürkmenGeorgia, Group and its has end-of-2019 been in operation operational andEksim textiles is among businesses. Turkey’s biggest Operationsto rebalance ar eitself. further Tough strengthe timesned open by a and transmission line hardware/fittings, also made investments to Group its presence in Pakistan, building on its T to $500 billion by 2023, international automakers. development, including through recent forvolumemore than reached 45 years, 2 billion maintaining USD. a “Ininvestors.the information Group’s age,subsidiary people Dicle are able longwindows list of major for progress. clients. TYes,he G werou havep has substation steel structures, heavy steel companies such as TurkTur which has successes as an infrastructure supplier demonstrating the strong growth According to Chairman Ali Kibar, partnerships with Turkish Airlines and leading Chairman position Ebubekir through Tivnikli, the strength representing of its toElektrik, instantly which access provides information electricity and visualto 6 forgedbeen partnerships affected by external with som volatility,e of the but it Heritage Group. structures, fasteners, highway guardrails, developed and owns 4 major five star to take on new projects as a construction potential of manufacturing in Turkey. technologicalthe second generation innovation, ofsupply the family, chain said examplesmajor citiesof thein Turkey’s products southeast they want region,. world’swas an largest opportunity multinationals, for us, which in addition is why “We’ve put R&D activities at the heart lighting and GSM poles, making it unique hospitality projects which have more than contractor. The steel structures and Promisingly for its vast base of management,Eksim’s ability and to industry embrace know change-how. and Ocomesnce the second product with has respect been seen to the, it gets to weproviding decided consulting to make investmentsservices in key to of our growth strategy, which has in Turkey. 4500 bed capacity and TurkYapi fasteners exporting business also holds producers, the sector regained its footing afforded us many opportunities for Theinvest Group in new,has continuously high-priority innovasectorsted allowed its 'old'volume and youof megawatts need a new distributed concept, among new marketsextend suc ourh renewableas Brazil and energy Mexico. portfolio, It is Group Chairman Şadi Türk said ŞA-RA which has multiple commercial and high potential for future investment, with late last year: The Purchasing Managers’ success. Creating synergies and businessit to remain model, competitive moving from throughout being a the productthe 21. national In Turkey energy, we can distribution rapidly alsbuyingo important new renewableto highlight energy that the licenses, Group Group’s strong corporate identity, which residential civil construction projects in Türk citing Turkey’s highly-skilled, cost- Index rose in November for the first time exploring flexibility within the value chain manufacturerdecades; innovation to a complete has driven solution the respondcompanies. to changing Dicle Elektrik needs massively; and the waswhich the firsleavest to devel us well-positionedop and export to its build hinges on respect for clients, partners Turkey under the name of “Nokta” effective labour market, favourable since April 2018, and growth surged to provides us a platform for growth in provider.Group’s T businessurkmen Group strategy is currently since the turn of country’supgraded geographic the energy location efficiency and levels our in supplyon recent chain successes,” management said software Tivnikli. to different sectors, and extends our and employees, has made it one of the Projects. exchange rates, and investor-friendly 9.1% y-o-y the following month. activethe century,in every when step of it beganthe supply investing chain wayits region, of work since with attractivetaking over lead the times utility global Eksim’s retailers. Chairman believes it is a very leadership in product innovation,” says world’s most-well-known and well- A rock-solid reputation has also helped business climate as key competitive Active across a host of high-potential includingheavily fabricin renewable printing, energy concept projects creation and allowsfrom public us to shipsector any back new in product 2013. s very Movingsuitable forward, season innovati for foreignon andinvestors to Kibar. respected brands in its sector. the Group expand its business activities advantages. manufacturing segments, industry leader Kibar is now seeking new international (designreal estate. studio), garment design and quickly Eksim.” heprioritizes explained. quality over volume for technologycome to Turkey. will remain His companya key priority is moving for “Since the beginning of 2000 we have around the world: It earns an average of “From Turkey it is easy to work together Kibar Holding is now looking to build on partners to build on the group’s manufacturing, “Being visionary logistics is one and of foreignour strongest trade, Tüits rkmenreal estate Grou investmentsp is highly export and is- a major Tütorkmen further Group, expand with its the international chairman now been among the top-500 industrial $100 million annually exporting to an with multiple regions and countries, and recent successes and expand its reach successes, having already developed a throughvalues.its Wesubsidiaries are open to ATT all Concorde,types of oriented,partner inand many its strong cutting-edge presence projects in the in settingfootprint, his sights open toon forging new joint new ventures, in companies in Turkey, and we have held impressive 126 countries. In addition to expenses are lower than in Europe if you to new markets, with an emphasis on solid track record of collaboration with ATTinnovation Clothing, in T business,ürkmen Logistics, to develop the nicheIstanbul. fashion The garment group also sector maintains, as well a as a bidpartnerships, to further expand potentially the throughGroup’s ventureglobal this position for the last 20 years. This is holding a sizeable domestic market share open a new hotel or a new factory. We sustainability, organic growth, and leading corporates including Hyundai, Tübusinessrkmen Foreign inside Tradeand out.and We GAAT are investmentsolid presence in innovative in its foundational technology footprint.capital investment or knowledge-sharing Posco, and Seoyon e-Hwa. because, both in Turkey and in the across multiple product lines, it is also an are looking for projects all over the world, international partnerships. Internationalexperienced,. It isbut known still believe as a vertically in the wisdom- includingbusiness supply lines, with chain a managementsupply chain that “Weagreements. are interest Theed Groupin joint remains ventures, in “As one of Turkey’s top five exporters, international market, our name is trusted. important infrastructure supplier for and we are open to any kind of Kibar Holding was established in 1972, integrated,of constant environmentally learning. Sustainability sound, is also solutionsincludes, hasSinangil, kept theTurkey’sGroup first competitive retailfocused as well on as high-potential new partnerships sectors, in theand we will keep our focus on export markets The realization of our projects is always countries including the US, Canada, partnership; we are interested in all building its portfolio to comprise food that are strategic for our country and sociallyan important conscious factor. and We ethical takecompany. a long-term andpackaged profitable flour. Today supplier: its subsidiary founded in areasplans of atechnology mid-term expansion and e-commerc into cutting-e. We handled in a professional manner,” he European countries, Iraq, Algeria, variety of activities and sectors, whether processing, automotive manufacturing, offer real growth potential, with the aim Inview textiles, and keepATT Concorde’sthe needs of 40,000 future sqm Turkmen1963, a respectedLogistics manages sectoral leader,logistics which areedge keen technologies to continue toincluding invest in artificial order to said. Pakistan, Saudi Arabia, Colombia, through a consortium arrangement or packaging, and aluminum businesses. of increasing our share in these markets. indoorgenerations factory standsin mind,” as he Europe’ said. s leading operationsshapes majorthat trends spans Egypt,of the market. Sri Lanka, Other strengthenintelligence, our genetics,leadership and in themedical market A forward-looking focus on technology Gambia, Afghanistan, Azerbaijan, and direct investment,” he said. Today the group employs 7500 people at Any firm that adds long-term value, fabric Notable printing, renewables dyeing and projects finishing include the India,Eksim China, food companiesall of Europe, are and Eksun the Food diagnostics. This has created attractive and innovation has kept ŞA-RA Group Turkmenistan, among many others. and explore new opportunities.” he said. 22 companies, including Assan including through technology transfer, facility,75-75-megawatt producing (MW) 15 million Susurluk meters wind offarm Group’sand Altınapa central Milling operations Company, in Turkey. both of new opportunities for potential partners. could be a partner”. competitive, and helped the company Notably, ŞA-RA Group has also built a Alüminyum, a leading global viscose,commissionedpolyester, in silkFebruaryand cotton 2011, fabrics and the “Ourwhich business are among is 100% the top export 500 sTurkish, and we Ali Kibar build a comprehensive portfolio of product solid track record of success operating in manufacturer of flat-rolled aluminum with 63 MW Uzundere I hydropower project, industrial enterprises ranking of Istanbul Chairman –Kibar Holding and service offerings. While energy some of the world’s most challenging annually, and offering 40,000 different have great relationships with our clients. installed annual capacity of 300,000 printwhich designs was builtto its on clients, İncesu as creek well asand BeforeChamber the 1970s,of Industry. the apparel sector was transmission is its main business, the markets. It was one of the first to enter tons. Other major companies operating innovation and sustainability are key commissioned in May 2010. The Group Prioritizing innovation and sustainability 2,500 new print designs each year. Its a niche market, but for the past 40-50 under its portfolio include Assan Foods, competitive advantages – Kibar Group has targeted boosting renewable energy has been a winning strategy. The Group which produces more than 300 products was one of the first companies to sign Sponsored Section Akfen Group – The Gateway to Turkey Tersan Group – A Shipbuilding Success Story urkey’s manufacturing sector has construction and scheduled for the technologies, additional lifting capacities maintained a strong growth coming 2-3 years. The shipyard has now and standardizing usage of higher ne of the world’s fastest-growing reinforce our investments.” trajectory despite recent external become the biggest operation of its kind standard and lower weight materials. major economies over the past Since 2016, Akfen has raised $1.2bn in T TAHEL. headwinds, with industrial production in Turkey. “European shipyards’ prices are high, O decade, Turkey has achieved exits and sales of shares. The EBRD In 2017, Akfen Group sold its remaining so we have an advantage in terms of rising by 8.6% y-o-y in December 2019, average GDP growth of 5.5% since and IFC each took a 16.67% stake in stake in TAV Airports for $160m to a two-year high, and expected to remain price, yet we can still provide the best 2009, according to the IMF. Despite Akfen Renewable Energy in 2016 for a Aéroports de Paris, while in 2017 it sold positive in 2020. quality. That is why international clients political and economic shocks, Turkey’s combined $200m. Currently the group a 40% stake in Mersin International Port The sector has benefitted from growth prefer Turkey. We have proven strong fundamentals have exerted to Australian private equity (PE) fund IFM for $869m. in value-added activities such as ourselves with our deliveries in recent themselves. Akfen acts like a PE fund, but funded shipbuilding, with the OECD describing years, especially to Norwegian The needs of a large and growing from its own resources rather than Turkey’s shipbuilding industry as offering customers,” he said. Tersan Group is population, a dynamic economy, and a outside investors. And like PE, Akfen “modern, quality certified shipyards,” and seeking to build a broader portfolio of country that spans from Europe to the plans to exit some of its investments: production rising several-fold since clients in Scandinavia, adding to its Middle East, has driven huge next on the block could be its 30% stake 2000. Exports grew by 5.2% in 2018 existing base of customers in Norway, infrastructure investments. With in Acacia Mining, which operates a major alone to hit $1.04 billion worth of yachts Russia, and Canada. For Paksu, the successive governments encouraging copper mine in central Turkey. Akfen also plans to invest $1.3bn in a range of and ships. passenger vessel market holds FDI, Turkey ranks third in the world in business units in 2020-21, creating Tersan Group has been at the forefront especially high potential, particularly terms of public-private partnerships, 3,380 new jobs. The company’s track of the country’s modern shipbuilding given the reputation Tersan Group has according to the World Bank. The record in development, and Turkey’s Osman Nurettin Paksu growth story. The Group began its built for itself in Norway. country rolled out more than 220 PPPs natural advantages, stand it in good shipbuilding activities in 2001, Chairman - Tersan Group “Tersan is a well-known name in worth a total of $165bn between 1990 stead. established an advanced shipyard in Osman Nurettin Paksu, Chairman of Norway and in North European countries and 2015. “Turkey is a rich country, and a place for long-term investments,” says Akin. Yalova in 2008, and now has expanded Tersan Group, attributed the group’s among the shipyards and the ship Akfen Holding has been a leader in “We believe that it will return to historic to a 300,000 sqm land. The first delivery success to its high-quality, cost-effective owners. Tersan’s proven experience and Turkey’s infrastructure expansion, and a growth levels in the near future, with the from Tersan to Norway was made in production. With 3500 employees and good track record is a good sign of our trusted partner for a range of foreign Government's New Economy Program 2011, and the shipyard became the first 50,000 tons of steel cutting capacity, success. Reliability is very important for investors. It now has interests in sectors (YEP) launched last year. Therefore, it is Turkish company in history to sign Tersan Group’s Yalova Shipyard is us, which is why we offer services after as diverse as seaports, renewable now a good time to invest in Turkey.” Hamdi Akin contracts for passenger vessels for a capable of in-house engineering, delivery. We provide the best quality, energy, real estate, mining, and financial Chairman – Akfen Group Norwegian client in 2018. Exports to production and turn-key delivery of ships and we are among the most experienced services. “We’ve invested $1bn in the Norway have significantly augmented its while some of which are designed for the companies in this sector,” he said. past two years alone,” says Hamdi Akin, has nine different international partners, order book since then: To date, total of harshest conditions. The shipyard also Akfen Holding’s chairman. “We’re open from the Port Singapore Authority to the 77 vessels have been delivered made further investments in new to any sort of partnerships that will UK’s Souter Investment and Israel’s worldwide, 16 more are under technologies, including new welding Kale Group Küçükçalık Group - Long-Lasting Succes Leading with Values and Enriching Society urkey’s economy is powered by its than 3000 people. Annual output is the best solutions for their needs,” he ne of the largest industrial Zeynep Bodur Okyay, President and Foundation was expansive and diverse significant, and includes 108,000 sq m said. “In today’s world there is no way to conglomerates in Turkey, Kale CEO of Kale Group, attributes decades founded in 1991 manufacturing base, which pushed of weaving production, 3.6 million kg of compete in either colour or design, Group has been in operation of success and expansion to the to carry out T O sustaining competitive advantage is the country’s annual export growth to dyed yarn, and 2.5 million metres of since 1957, when Dr. (h.c) İbrahim Bodur Group’s core principles of responsibility activities in the 7.4% in 2019. The country’s textiles embroidered fabrics, among many other related with functionality. This is the established the country’s first ceramics and responsiveness. She believes in realm of industry plays a major role in supporting products. reason that we invested in the filament factory. Having a strong local heritage investing in sustainable and smart education and this growth, and annual textile export yarn factory. We thus give the chance to with a global vision, it is a pioneer in projects that create positive impact and employment revenues have risen consistently in our customers to differentiate between various sectors bringing to life many firsts shared value. with the aim of recent years to end 2018 at $17.38 raw materials, which will make Turkey’s in Turkey and around the world. Kale “One of our main focuses is building “giving back” to billion, against just $12.85 billion in textile sector indispensable.” executed Turkey’s first ceramic export in strong relationships. We want to work Z eynep Bodur O kyay society. President & CEO - 2009. For Küçükçalık Group, that means 1962, and today the Group is present in with the same people each and every She is Kale Group In operation since 1940, Küçükçalık innovation, digitalization, and the building materials and building year. We value trust very much. I currently Group has played an important role in sustainability are core priorities for the chemicals sectors, as well as aerospace personally believe that’s the inheritance focused on further expanding Kale Turkey’s modern textile growth story. future, particularly in the context of new and defence, with a portfolio comprising from my father: that trust is the basis of Group’s dual footprints, with a view to The group was founded by Nuh Mehmet business partnerships. Küçükçalık Group 20 companies employing more than 5000 everything, especially in business building new international partnerships Küçükçalık, a fabric trader in Kayseri Yaşar Küçükçalık is always open to exploring cooperation people. In ceramic production Kale Group relationships,” she said. while supporting Turkey’s national and who later expanded his business to Chairman - Küçükçalık with other firms, but finding the right fit is ranks 4th in Europe and 15th globally, Okyay has continued building on her economic development. Istanbul. The second generation of the Group important. while it ranks among the five biggest father’s successes since taking the reins “Aerospace is one area where we really family, with their experience and vision Chairman Yaşar Küçükçalık attributes “Companies that are not flexible building chemical producers in Europe. in 2007, fostering strong relationships want to grow, as well as expand our decided to expand its operations, the group’s longevity to consistent, cannot last. Textiles innovation today is With a significant market share in Turkey both within Turkey and abroad. Actively building materials business regionally. opening the group’s first textile mill in the efficient, and high-quality production, focused on functionality, but it extends and abroad, Kale Group meets with engaged in civil society organizations, Turkey is still one of the biggest markets late 1980s. which helped boost growth at its Turkish beyond that: digitalization and customers in 100 countries with more she leads a purpose-driven company for us, but I believe that companies in Today Küçükçalık Group’s portfolio operations to nearly 100% in 2019. sustainability are also a very important than 400 sales points. It is also a tier one and believes in creating shared value Turkey are changing and taking global spans a vast array of products and “Turkey remains a major textiles part of the business, and we will be supplier for some of the world’s largest for all stakeholders. In this regard, she trade into account, so it is important to services, with a focus on bed linens, exporter, and we are a company focused paying a lot of attention to it in the defence and aerospace companies and steers pioneering projects in the field of explore new opportunities in line with drapery, upholstery, multi-purpose on business all over the world. Our future,” he said. recognized as one of the leading social entrepreneurship as well as market trends,” she said. fabrics, and garments. Its facilities clients are big brands, but they never suppliers in many important international initiatives with a specific focus on design include six factories covering a total area come to us asking us to produce this or programs, including the Joint Strike & ceramics art. In line with the founding of 400,000 sq m, and employing more that; it is us who come to them to offer Fighter project. values of Kale Group, Kaleseramik Sponsored Section Akfen Group – The Gateway to Turkey Tersan Group – A Shipbuilding Success Story urkey’s manufacturing sector has construction and scheduled for the technologies, additional lifting capacities maintained a strong growth coming 2-3 years. The shipyard has now and standardizing usage of higher ne of the world’s fastest-growing reinforce our investments.” trajectory despite recent external become the biggest operation of its kind standard and lower weight materials. major economies over the past Since 2016, Akfen has raised $1.2bn in T TAHEL. headwinds, with industrial production in Turkey. “European shipyards’ prices are high, O decade, Turkey has achieved exits and sales of shares. The EBRD In 2017, Akfen Group sold its remaining so we have an advantage in terms of rising by 8.6% y-o-y in December 2019, average GDP growth of 5.5% since and IFC each took a 16.67% stake in stake in TAV Airports for $160m to a two-year high, and expected to remain price, yet we can still provide the best 2009, according to the IMF. Despite Akfen Renewable Energy in 2016 for a Aéroports de Paris, while in 2017 it sold positive in 2020. quality. That is why international clients political and economic shocks, Turkey’s combined $200m. Currently the group a 40% stake in Mersin International Port The sector has benefitted from growth prefer Turkey. We have proven strong fundamentals have exerted to Australian private equity (PE) fund IFM for $869m. in value-added activities such as ourselves with our deliveries in recent themselves. Akfen acts like a PE fund, but funded shipbuilding, with the OECD describing years, especially to Norwegian The needs of a large and growing from its own resources rather than Turkey’s shipbuilding industry as offering customers,” he said. Tersan Group is population, a dynamic economy, and a outside investors. And like PE, Akfen “modern, quality certified shipyards,” and seeking to build a broader portfolio of country that spans from Europe to the plans to exit some of its investments: production rising several-fold since clients in Scandinavia, adding to its Middle East, has driven huge next on the block could be its 30% stake 2000. Exports grew by 5.2% in 2018 existing base of customers in Norway, infrastructure investments. With in Acacia Mining, which operates a major alone to hit $1.04 billion worth of yachts Russia, and Canada. For Paksu, the successive governments encouraging copper mine in central Turkey. Akfen also plans to invest $1.3bn in a range of and ships. passenger vessel market holds FDI, Turkey ranks third in the world in business units in 2020-21, creating Tersan Group has been at the forefront especially high potential, particularly terms of public-private partnerships, 3,380 new jobs. The company’s track of the country’s modern shipbuilding given the reputation Tersan Group has according to the World Bank. The record in development, and Turkey’s Osman Nurettin Paksu growth story. The Group began its built for itself in Norway. country rolled out more than 220 PPPs natural advantages, stand it in good shipbuilding activities in 2001, Chairman - Tersan Group “Tersan is a well-known name in worth a total of $165bn between 1990 stead. established an advanced shipyard in Osman Nurettin Paksu, Chairman of Norway and in North European countries and 2015. “Turkey is a rich country, and a place for long-term investments,” says Akin. Yalova in 2008, and now has expanded Tersan Group, attributed the group’s among the shipyards and the ship Akfen Holding has been a leader in “We believe that it will return to historic to a 300,000 sqm land. The first delivery success to its high-quality, cost-effective owners. Tersan’s proven experience and Turkey’s infrastructure expansion, and a growth levels in the near future, with the from Tersan to Norway was made in production. With 3500 employees and good track record is a good sign of our trusted partner for a range of foreign Government's New Economy Program 2011, and the shipyard became the first 50,000 tons of steel cutting capacity, success. Reliability is very important for investors. It now has interests in sectors (YEP) launched last year. Therefore, it is Turkish company in history to sign Tersan Group’s Yalova Shipyard is us, which is why we offer services after as diverse as seaports, renewable now a good time to invest in Turkey.” Hamdi Akin contracts for passenger vessels for a capable of in-house engineering, delivery. We provide the best quality, energy, real estate, mining, and financial Chairman – Akfen Group Norwegian client in 2018. Exports to production and turn-key delivery of ships and we are among the most experienced services. “We’ve invested $1bn in the Norway have significantly augmented its while some of which are designed for the companies in this sector,” he said. past two years alone,” says Hamdi Akin, has nine different international partners, order book since then: To date, total of harshest conditions. The shipyard also Akfen Holding’s chairman. “We’re open from the Port Singapore Authority to the 77 vessels have been delivered made further investments in new to any sort of partnerships that will UK’s Souter Investment and Israel’s worldwide, 16 more are under technologies, including new welding Kale Group Küçükçalık Group - Long-Lasting Succes Leading with Values and Enriching Society urkey’s economy is powered by its than 3000 people. Annual output is the best solutions for their needs,” he ne of the largest industrial Zeynep Bodur Okyay, President and Foundation was expansive and diverse significant, and includes 108,000 sq m said. “In today’s world there is no way to conglomerates in Turkey, Kale CEO of Kale Group, attributes decades founded in 1991 manufacturing base, which pushed of weaving production, 3.6 million kg of compete in either colour or design, Group has been in operation of success and expansion to the to carry out T O sustaining competitive advantage is the country’s annual export growth to dyed yarn, and 2.5 million metres of since 1957, when Dr. (h.c) İbrahim Bodur Group’s core principles of responsibility activities in the 7.4% in 2019. The country’s textiles embroidered fabrics, among many other related with functionality. This is the established the country’s first ceramics and responsiveness. She believes in realm of industry plays a major role in supporting products. reason that we invested in the filament factory. Having a strong local heritage investing in sustainable and smart education and this growth, and annual textile export yarn factory. We thus give the chance to with a global vision, it is a pioneer in projects that create positive impact and employment revenues have risen consistently in our customers to differentiate between various sectors bringing to life many firsts shared value. with the aim of recent years to end 2018 at $17.38 raw materials, which will make Turkey’s in Turkey and around the world. Kale “One of our main focuses is building “giving back” to billion, against just $12.85 billion in textile sector indispensable.” executed Turkey’s first ceramic export in strong relationships. We want to work Zeynep Bodur Okyay society. President & CEO - 2009. For Küçükçalık Group, that means 1962, and today the Group is present in with the same people each and every She is Kale Group In operation since 1940, Küçükçalık innovation, digitalization, and the building materials and building year. We value trust very much. I currently Group has played an important role in sustainability are core priorities for the chemicals sectors, as well as aerospace personally believe that’s the inheritance focused on further expanding Kale Turkey’s modern textile growth story. future, particularly in the context of new and defence, with a portfolio comprising from my father: that trust is the basis of Group’s dual footprints, with a view to The group was founded by Nuh Mehmet business partnerships. Küçükçalık Group 20 companies employing more than 5000 everything, especially in business building new international partnerships Küçükçalık, a fabric trader in Kayseri Yaşar Küçükçalık is always open to exploring cooperation people. In ceramic production Kale Group relationships,” she said. while supporting Turkey’s national and who later expanded his business to Chairman - Küçükçalık with other firms, but finding the right fit is ranks 4th in Europe and 15th globally, Okyay has continued building on her economic development. Istanbul. The second generation of the Group important. while it ranks among the five biggest father’s successes since taking the reins “Aerospace is one area where we really family, with their experience and vision Chairman Yaşar Küçükçalık attributes “Companies that are not flexible building chemical producers in Europe. in 2007, fostering strong relationships want to grow, as well as expand our decided to expand its operations, the group’s longevity to consistent, cannot last. Textiles innovation today is With a significant market share in Turkey both within Turkey and abroad. Actively building materials business regionally. opening the group’s first textile mill in the efficient, and high-quality production, focused on functionality, but it extends and abroad, Kale Group meets with engaged in civil society organizations, Turkey is still one of the biggest markets late 1980s. which helped boost growth at its Turkish beyond that: digitalization and customers in 100 countries with more she leads a purpose-driven company for us, but I believe that companies in Today Küçükçalık Group’s portfolio operations to nearly 100% in 2019. sustainability are also a very important than 400 sales points. It is also a tier one and believes in creating shared value Turkey are changing and taking global spans a vast array of products and “Turkey remains a major textiles part of the business, and we will be supplier for some of the world’s largest for all stakeholders. In this regard, she trade into account, so it is important to services, with a focus on bed linens, exporter, and we are a company focused paying a lot of attention to it in the defence and aerospace companies and steers pioneering projects in the field of explore new opportunities in line with drapery, upholstery, multi-purpose on business all over the world. Our future,” he said. recognized as one of the leading social entrepreneurship as well as market trends,” she said. fabrics, and garments. Its facilities clients are big brands, but they never suppliers in many important international initiatives with a specific focus on design include six factories covering a total area come to us asking us to produce this or programs, including the Joint Strike & ceramics art. In line with the founding of 400,000 sq m, and employing more that; it is us who come to them to offer Fighter project. values of Kale Group, Kaleseramik AGT – Growth and Innovation

urkey’s forestry and wood product center in its sector which is autorized by industries are playing an important the Ministry of Industry. It’s not an issue T role in boosting export growth. to increase the scale in terms of quantity, Forestry products, including $886 but we need to add value. Added value in million of wood products, currently whatever we do is crucial for us, as is account for $5.5 billion of the country’s human capital,” said Yıldırım. total export revenues, supported by Developing a robust corporate culture industry leaders like AGT. emphasising three key areas – human Established in 1984 in Antalya, AGT resources, IT, and research and (Advanced Technology in Wood development – has been another lynchpin Industry) is one of Turkey’s leading to the company’s success. In fact, wood products manufacturers, with a Mehmet Semih Söylemez recently wrote product line that includes wood-based a book about emotional capital in human panels, flooring, skirting and profiles for Mustafa Hulusi Söylemez resources. This will further strengthen the furniture. In construction, the company D. Sevdil Yıldırım company’s value proposition as it seeks produces MDF, MF-MDF, panel, and Mehmet Semih Söylemez to accelerate expansion in Europe and laminate flooring from its 450,000 sq m the business on a steady growth path with North America, potentially in partnership manufacturing facility in the Antalya a sharp focus on value addition, with new international investors. Organized Industrial Zone. AGT has sustainability, and transparency. This “Our short term goal is to become a grown rapidly in recent years, with helped AGT expand its global footprint to publicly-traded company, rather than a annual sales volumes rising by 303% more than 80 countries, including partnership. But, we wouldn’t say no to a between 2013 and 2019, and today it Germany, the US, and Canada. strategic partnership that will add value to accounts for $80 million, or 9% of the “International brand recognition is of the our company,” said Mustafa Hulusi Turkey’s total annual wood product utmost importance for us. We have been Söylemez. exports. accepted in Turkish Government's Together with Vice Chairmen Mehmet TURQUALITY Programme in light of our Semih Söylemez and Mustafa Hulusi efforts and achievements in export Söylemez, CEO Sevdil Yıldırım has kept operations. AGT set up the first R&D Gamateks – Fashion Forward

urkey’s textiles and apparel sector have been operating with integrity and is a critical component of its maturity, which has greatly benefitted T economy and export base, and the our operations,” he said. sector has been growing: The Turkish The company’s corporate identity is Ministry of Trade reports that textiles and founded on principles of sustainability, apparel export revenues jumped by 35% and its high environmental standards between 2009 and 2018 to end the year have helped it expand its business with at $17.38 billion, their highest level since some of the world’s best-known brands, 2014. including C&A and Rodeo Sportswear, Top exporters like Gamateks have kept Tesco F&F and F&F Sportswear, Inditex, the sector profitable by continually Marks & Spencer, River Island and investing in innovation and Riactive Sportswear, United Colors of modernization, building a solid track Benetton, Next,H&M,FILA and George record of growth and profitability by ASDA. expanding into niche sectors. Aydınlı plans to build on the company’s Gamateks was founded by Osman successes by forging new relationships Aydınlı in 1984. It grew quickly from its with international clients, as well as base Denizli to become a major Osman Aydınlı investors who could support the international exporter, and today the Chairman - Gamateks company’s global expansion. company is active in seven locations “We have a history of successful across five countries. It employs 4000 approach, keen ability to anticipate strategic investments, and Turkey offers people and offers fully-integrated market trends, and strategic investment a very good geographic location, production capacity, from fabric to in technical textiles, including medical infrastructure, and human capital, as well clothing, at 150,000 sq m of indoor area and sports textiles. Today athletic fabrics as strong support from the government within its international portfolio. Annual account for 30% of the company’s for investors and exporters,” he said. production stands at 35 million meters of production, supporting steady expansion fabric and 30 million pieces of sewed into European markets. products from six clothing factories. “Our focus on technical fabrics helped Aydınlı continues to serve as company us access markets in England, France, chairman, attributing his company’s Germany, Holland and Italy. We’ve success to its customer-oriented opened offices in these countries, and