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Important News

Voith Is Celebrating Its 150th Anniversary in 2017

Company News

3/29/2017

Voith is celebrating its 150th anniversary in 2017 and says “Welcome to the Next 150 Years” Dr. Hubert Lienhard, President and CEO of Voith: “We are proud of our rich, successful history. But in our anniversary year, we will primarily be looking to the future… We want to take a decisive role in shaping the fourth industrial revolution in the 21th cen-tury following the example of our grounding father Friedrich Voith, who was one of the pioneers of the first industrial revolution… In the anniversary year, we would like to celebrate with the people who have made and continue to make significant contributions to Voith’s success story: our employees… I want the celebrations to be just as international and diverse as Voith itself.. Between February and the end of July, the company is planning around 260 employee events and family days worldwide for employees from all of the company’s approximately 160 locations. Guided by the motto “Welcome to the Next 150 Years” the local celebrations will be organized to fit each location.”

IFC Organizes a Funding Workshop for Municipalities

Conferances   Research   Build-Operate-Transfer (BOT)

3/23/2017

Hakkı Karataş, the Treasury Undersecretariat Acting Deputy General Director of Public Funding: "The Undersecretariat of Treasury may offer external funding to municipalities by offering loans for the external debt and credit mechanisms with Treasury repayment guarantee." Aisha Williams, the Director of IFC Turkey: "Turkish cities are among the world's fastest growing and developing cities. We believe that public and private sectors must cooperate to fulfill the needs of these cities."

Unemployment Ratio Reached 10.9% in 2016

Macro Indicators

3/23/2017

In the OVP, unemployment ratio was targeted to be 10.5% in 2016. Male unemployment ratio was calculated to be 9.6%, female unemployment ratio to be 13.7%. Unemployment ratio among youngsters of 15-24 age group is 19.6%, however, of 15-64 age group this ratio reached 11.1%

KGM’s Kınalı-Tekirdağ-Çanakkale-Savaştepe Motorway Project

Highways   Build-Operate-Transfer (BOT)

3/20/2017

Foundation has been laid. President Erdoğan, "We will be here for inauguration of the bridge 5 years after. This bridge is number one bridge of the world." Yapı Merkezi İnşaat Executive Board Chairman Arıoğlu, "We take best engineering know-how and apply them. This may lead the way for other bridges to come along." Limak Holding Executive Board Chairman Özdemir, "this will be a project prepared by the biggest design companies of the world. We plan to complete within 4 years."

Making Use of Renewable Energy Source Areas (YEKA) Project (I)

Company News   Renewables (HEPP, Wind, Solar, Biofuel)   Other Renewables

3/9/2017

Borusan EnBW Enerji, GE, Fina Enerji and Özgül Holding have signed memorandum of understanding for Renewable Energy Source Area (YEKA) competitions to be arranged for wind investments

Petrol Ofisi Sold on 1.368 Million Euro to Vitol Group

Company News   Petroleum (Oil)

3/6/2017

Austria based energy company OMV has decided to sell Petrol Ofisi (of which 100% shares owned) to Vitol Group of Holland on 1,368 million Euro. Subject sale and transfer processes planned to be concluded in the third quarter of year

Eurasia Rail 2017 (II)

Conferances   Company News   Metro Projects

3/6/2017

According to disclosures made during Eurasia Rail, there will be a need of 7,000 rail transport vehicles for inner-city transport in Turkey until 2023 including vehicles to be renewed such as metro, LRT, tramcars, tram-busses and commuter vehicles – 100 percent Turkish made metro vehicles produced in the company’s factory in Ankara will be started to be operated in Bangkok, Thailand in 2018 within the scope of the procurement project of 22 metro vehicles executed with the partnership of Siemens and Bozankaya…

An Investment Target of TL 4.5 Billion by Sabancı Holding for the Year 2017

Company News

2/27/2017

Sabancı Holding having realized the highest investment of the past five years amounting to TL 4.1 billion in 2016, aims to make an investment of TL 4.5 billion this year

Prizes for Contracting Activities Abroad Presented

Speeches   Abroad

2/23/2017

President Erdoğan: "In recent years, countries in close proximity of Turkey are in serious difficulties. Our businessmen operating in crisis regions, particularly our contractors are under the negative impact of these developments. We create new opportunities as the State for supporting you. Turkey Assets Fund will extend serious support to projects of our contractors." TMB Chairman Yenigün said, "We plan to increase our share in international contracting cake to 7% from current 4.6%, annual new project cost to USD 50 billion. But, we have a long way to go ahead.”

Ziraat Bank that Will Continue to Have Activities within the Body of Wealth Fund Management Inc., Will Provide Loans for Infrastructure Projects in 2017

Speeches

2/23/2017

Ziraat Bank’s Project Finance Group President Ayçe Şule Gürleyik, “We will be working also in 2017 to realize investments amounting to at least $ 7 billion in the same sector including the North Marmara Motorway and Çanakkale Bridge.”

Important Disclosures Made by Transportation, Maritime Affairs and Communication Minister Ahmet Arslan

Speeches   Airports

2/23/2017

“It is out of question that anybody is withdrawing in an environment where everybody is in a race to take place in the 3rd Airport Project which is a prestige project worldwide. We aim to put into service the initial phase of the project in the first quarter of 2018”…

STEAM, 17th International Energy Arena

Conferances

2/22/2017

The 17th International Energy Arena will be realized at Conrad Istanbul Bosphorus on the dates of February 23 & 24, 2017 with the theme of “Global Developments and Investment Environment”

Sabancı Holding’s New CEO is Mehmet Göçmen

Company News

2/21/2017

Head of Sabancı Holding Enerji Group Mehmet Göçmen has been appointed as the new COE of Sabancı Holding

Overseas Contracting Services Award Ceremony 2017

Reports   Abroad   Company News

2/21/2017

The Award Ceremony to be organized by the Turkish Contractors Association (TCA) will be realized in Ankara on February 22, 2017 with the participation of President of the Republic Recep Tayyip Erdoğan There are 39 Turkish contracting companies in the list disclosed by ENR for the year 2016, against a number of 40 listed in 2015

Siemens and Bombardier Have Met Companies from Bursa for High Speed Train Production in Turkey

Company News   Railways

2/20/2017

Firms based in Bursa made on-site studies at the production plants of Siemens and Bombardier in Austria within the scope of Rail Systems UR-GE Project Sales Manager of Siemens Masopust: “Bursa is accustomed to the repressive production speed of the automotive industry. The city also claims a considerable market share in the rail systems sector. A condition of 51 percent local production is being imposed in all projects in Turkey and particularly the metro tender in Istanbul. We are in need of local suppliers. We will initially make an investment of € 80 million in Turkey” Bombardier Light Rail Vehicles Department Head Pfaff: “We as Bombardier are seeking investment partners”

Tekfen İnşaat to Sign Contract for the USD 342.4 Million Stadium Construction in Qatar

Abroad   Company News

2/17/2017

Tekfen (50%)-Al Jaber Engineering (50%) Joint Venture are to sign a QAR 1 billion 250 million (USD 342 million 465 thousand 753) contract in a few days for the turn-key engineering and construction of a Stadium Project in Qatar Tekfen İnşaat additionally signed a USD 99 million contract with BP Iraq for the assembly of water separation and salt separation units

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