Untitled - Ekovitrin

NEWS / TURKISH COMPANIES IN THE WORLD LIST
YUSUF ÖZTÜRK
Öztürk Holding’s Chairman of the Board
NAMIK TANIK
NATA Holding’s Chairman of the Board
ERMAN ILICAK
Rönesans Holding’s Chairman of the Board
İBRAHİM ÇEÇEN
IC Holding’s Chairman of the Board
HAMDİ AKIN
TAV Holding’s Chairman of the Board
AHMET ÇALIK
Çalık Holding’s Chairman of the Board
ÜMİT ÖZDEMİR
TEKFEN Construction Chairman of the Board
ERGİN ERSÜ
Gama Holding’s Chairman of the Board
NURETTİN ÇARMIKLI
Nurol Holding’s Chairman of the Board
NİHAT ÖZDEMİR
Limak Holding’s Chairman of the Board
EROL TABANCA
Polimeks Construction Chairman of the Board
EMİN SAZAK
Yüksel Construction Chairman of the Board
WE ARE SECOND IN THE WORLD
Turkish constructing companies who undersign giant projects on an international
level have not lost the spot of “second in the world” to anyone for the past 8 years.
T
he international construction industry is one
of the top amongst those industries that get
affected by global economic crises; the fact
that the uncertainty in regards to the future keeps
rising and that no balance point can be found has
started to show its effects. The market share of the
largest 250 International Contracting Companies’
has dropped in 2014 by 4.1 compared to the previous
year and reversed down to 521.6 billion USD.
ENR’s “ Uncertainty Casts a Shadow on the Markets” titled release’s opening statement, “The decrease in oil prices, political turmoil and the economic
hitches that embrace the whole world from Europe
to China, worries international companies.” summa144 EKOVİTRİN EYLÜL 2015
rizes the conjuncture that we are in.
Turkish Contracting Companies’ performance
abroad has significantly risen. The total of the 2014
income of the 43 Turkish companies on the ENR list
has risen by 43.4 % in comparison to the previous
year and was realized as 29.3 billion USD. With these numbers, Turkish Companies’ total income which
had a share of 3.8% in 2013 was realized as 5.6% in
2014. Turkish Contractor’s share in regional profit
has shown increase in the whole world. While Turkish
Contracting Companies have almost no presence in
North and South American markets, they are increasing market share in the European, Asian, Middle
Eastern and African markets where competition is
ÖZEN KUZU
Kuzu Group Executive Board Member
GÖNÜL TALU
Doğuş Construction Chairman of the Board
fierce. While China has the biggest market share in
the total market with its 65 companies and 17.2 market share, Spain’s worldwide market share has dropped from 14.7 % in 2013 to 13.1 % in 2014 and USA’s
32 companies’ worldwide market share has dropped
from 13 % to 11.4 %.
Yenigün: “The vast increase
in total profit is pleasing”
After the ENR list was published during his evaluation, Mithat Yenigün the Chairman of the Turkey
Contractors Union said the following:
“To make a mark on this list which is followed by
the world and which is perceived as an assurance of
SELİM BORA
Summa Construction Chairman of the Board
quality; with a total number of 43 companies, 37 of
which are members of the Turkey Contractors Union
and to be second in the list with the number of companies, right after China for 8 years in a row, is a great
source of pride for us. Aside from this it is very pleasing that our companies have vastly increased their
share in the total profit. Despite of the sharpening
international competition along with the global uncertainty; the problems that the current conjuncture
has created in the Turkish Contractors’’ main markets of Libya and Iraq and the decrease in oil prices
along with the slowing down lately experienced in the
Russian market, the performance shown abroad is a
significant success.”
EKOVİTRİN EYLÜL 2015
145
NEWS / TURKISH FIRMS IN WORLD RANKINGS
Undersigned
over a
100 projects
Çalık Holding whose Chairman of
the Board of Directors is Ahmet
Çalık, has risen 68 steps this year
and took its place ranking as the 89th
amongst the 250 largest international
construction firms.
AHMET ÇALIK
Çalık Holding’s Chairman of the Board
P
articularly Gap İnşaat and Orta Asya
which operate under Çalık Holding, have
undersigned very significant projects in
African and Middle-Eastern countries.
Çalık Holding who realized over a hundred
projects, which consist of infrastructure, suprastructure and industrial plants in the Fatherland
Turkmenistan, has undertaken the construction of
multiple significant facilities on three continents.
The Group has undersigned contracts worth over
15 billion USD up to date.
The Group’s latest opening was last month in
Ashgabat the capital town of Turkmenistan, the
health facilities which started to be constructed in
2013 have been completed and the facilities are open
for service. The International Medical Education
and Research Center, which was built by the Gap
146 EKOVİTRİN SEPTEMBER 2015
İnşaat (construction) company, has been equipped
with medical systems supported by simulation which
is a rapidly developing area in the field of medicine.
The company is the first company to bring this new
development to Turkmenistan. The foundation of
the International Medical Education and Research
Center was laid in 2013 and it has been built on an
area which is about 21 thousand square meters.
The center which provided an opportunity
for scientific institutions such as TUBITAK, the
Fraunhofer Institute, and the Max-Planck Institute
to create joint projects will drive Turkmen Doctors
and Turkmenistan’s work in the medical field up
to world standards. Aside from these projects
the Cardiology Hospital which has been opened
for service by Gap İnşaat is built on an area of
approximately 27 thousand square meters and the
construction had started in 2013. The hospital has
a capacity of 120 beds and responds to the medical
service needs’ of Turkmenistan with the latest
technology. Meanwhile another health facility
construction project has been handed over to the
Gap İnşaat company.
ÇALIK COMES FORWARD
WITH THEIR PROJECTS IN
TURKMENISTAN
Çalık Holding which has undersigned over
a hundred projects mainly in Central Asian
and African and Middle-Eastern countries
comes especially forward with the projects
that they realized in Turkmenistan. The
total cost amount of the Holding’s projects
up to date is more than 15 billion USD.
The foundation of the Surgery and Endocrinology
Center was laid by the President Berdimuhamedov
and it will be constructed by Gap İnşaat.
Constructing the largest fertilizer factory
of Turkmenistan
The largest fertilizer factory of Turkmenistan
is being built by Çalık. The foundation of the 1,3
billion USD worth Garabogaz fertilizer factory has
been laid with a ceremony last year and it will be
constructed through a consortium between Gap
İnşaat and the Japanese Mitsubishi Corporation.
Gurbanguli Berdimuhamedov the president of
Turkmenistan has laid the initial foundation of the
construction of the largest fertilizer factory of the
country together with; Çalık Holding’s Chairman
of the Board of Directors Ahmet Çalık, Mitsubishi
Corporation’s Chairman of the Board of Directors
and CEO Ken Kobayashi and Senior Vice President
of Mitsubishi Heavy Industries Terumasa Onaka.
In accordance with the agreement; in the
Garabogaz region close to the Caspian Sea, the
fertilizer factory with a daily production capacity
of 3.500 MT urea and 2.000 MT ammonia will
be constructed with a budget of 1.3 billion
USD. Logistics shipment of the product and the
establishment of related infrastructure facilities are
also included within the scope of the project.
Turkmenbashi International
Sea Port project
Gap İnşaat has undertaken the EPC construction
of the “Turkmenbashi International Sea Port”
which has been designed as a logistics center on the
pathway from Asia to Europe and which consists
of 6 ports, 1 shipyard and has a projects cost of 1,5
billion USD.
EKOVİTRİN SEPTEMBER 2015 147
NEWS / TURKISH COMPANIES IN THE WORLD LIST
Undersigned
a project worth
53 billion USD
Through their investments in Africa, Öztürk Construction
took its place, ranking as the 18th in the “250 largest
international contracting firms of the world” list. They just
completed a 5.7 billion USD worth project in Africa. Öztürk
Holding’s Chairman of the Board, Yusuf Öztürk expresses
that in the upcoming years they will be realizing new projects
which will be worth 53 billion USD.
T
he International Construction Industry Magazine, ENR’s (Engineering News Record) list
of “250 largest international contracting firms
of the world” which is prepared by taking the contractors’ profits made, from operations abroad in the previous year as a base, has been published.
Last year there were 42 Turkish firms in the list
whereas this year 43 firms made it into the list. Öztürk
İnşaat who made it for the first time into the list this
year, draw attention by ranking number one among
the Turkish companies and ranking number 18 among
the world.
They Realized Giant projects in Africa
Öztürk Holding’s Chairman of the Board, Yusuf
Öztürk expresses that they made an entry into the African market ten years ago and that they have investments in Guinea, Ghana, Cameroon, Angola, Tanzania, Zambia and Sudan. He states that Öztürk İnşaat’s
ongoing constructions in Africa and Saudi Arabia are
worth 3.6 billion USD and that the construction of the
740 million USD worth double highway tender which
they won in Cameroon last year is still ongoing.
Öztürk also mentions that they are constructing a
1.3 billion USD worth Hotel style complex in Indo-
148 EKOVİTRİN SEPTEMBER 2015
nesia which is aimed to appeal to a 100 thousand
Indonesian pilgrims. Öztürk Holding’s Chairman of
the Board, Yusuf Öztürk states that up to date they
have completed 5.7 billion USD worth of projects
including energy, university, public housing and
hospital projects.
TURKEY’S PRIDE Yusuf Öztürk, managed to make it among the giants of the world in the contracting
field. Öztürk Construction which he owns, took its place ranking as the 18th in the “250 largest international
contracting firms of the world” list of the most famous construction field magazine of the world “Engineering
News Record”, thus he became the pride of Turkey. Öztürk Construction who made it into the list for the first
time, ranked as number one among the 43 Turkish firms that made it into the list.
“A great pride on behalf of our country”
Öztürk explains that they are the market leader in Africa and that there are undersigned agreements for the construction of future projects worth
53 billion USD and that they are working on the
financing models of these projects. He further explains that they are working with government guarantees in Africa and that they are working on financing through international financial institutions
and funds.
Öztürk expresses that they were surprised to be
on the list of the “250 largest international contracting firms of the world”; he details as follows, “We
were active abroad with our 16 companies. Once we
gathered these companies under one roof we made
it into the list. This success is a great pride on behalf
of our country. At the same time our responsibilities have increased.”
THEY WILL REBUILD AFRICA Öztürk Holding’s Chairman of the Board, Yusuf Öztürk states the following words, “We
have investments in Guinea, Ghana, Cameroon, Angola, Tanzania, Zambia and Sudan. Our ongoing constructions in Africa
and Saudi Arabia are worth 3.6 billion USD. The construction of the 740 million USD worth double highway tender which
we won in Cameroon last year is still ongoing. We are constructing a 1.3 billion USD worth Hotel style complex in Indonesia
which is aimed to appeal to a 100 thousand Indonesian pilgrims. Up to date, we have completed 5.7 billion USD worth of
projects including energy, university, public housing and hospital projects, in Africa.
EKOVİTRİN SEPTEMBER 2015 149
NEWS / TURKISH COMPANIES IN THE WORLD LIST
LİMAK’S
SUCCESS
Limak Construction took
its place, ranking as the
145th in the “250 largest
international construction
firms of the world” list.
Last year Limak was
ranking as the 163th.
NİHAT ÖZDEMİR:
HAPPY AND
PROUD
Limak Construction bid of
4 billion 340 million USD
for the construction of a
new Terminal Building at
the Kuwait International
Airport has been
approved.
The tender which Limak
Construction won is the
largest tender in one
package, won by Turkish
Constructors operating
abroad. Limak Holding’s
Chairman of the Board
Nihat Özdemir says, “We
are happy and proud to
have undertaken a project
abroad with this scope as
a Turkish company.”
150 EKOVİTRİN SEPTEMBER 2015
A MODERN AIRPORT IN KUWAIT
The new terminal building of the Kuwait Airport which will be built with a
capacity of 13 million passengers will have room for further improvement
and for an increase to a capacity of 25 million passengers.
THE 4.3 BILLION USD
TENDER IS LİMAK’S
T
he Kuwait Central Tender Committee (CTC)
has announced that they approved Limak’s bid
of 4 billion 340 million USD (1.312 billion dinar) for the construction of a new Terminal Building
at the Kuwait International Airport. The tender which
Limak Construction won is the largest tender in one
package, won by Turkish Constructors operating abroad. Limak Holding’s Chairman of the Board Nihat
Özdemir explains that the new terminal building construction in Kuwait is a project that they have been chasing for a long time, he continues with the following
statement, ““We are happy and proud to have undertaken a project abroad with this scope, as a Turkish
company. Once the tender approval notification arrives and the necessary procedures are completed, we
will rapidly complete the construction of this terminal
with utmost quality and open it for service.”
Özdemir expresses that Limak is taking swift
and determined steps towards becoming a global
Turkish brand and continues with the following words, “We have undersigned significant projects in the
area of Airport construction and operation within
the last years. We constructed and operated the new
terminal building of the Sabiha Gökçen airport. We
constructed the Pristina airport terminal in Kosovo
and are operating it. We are continuing the construction of the second terminal at the Cairo Airport
in Egypt. Lastly, we won the construction project of
the new terminal building at the Rostov Airport in
Russia. We are part of the consortium for the construction and operation of the third airport in Turkey
which will be the largest airport in the world. In this
sense, as Limak we will keep waving the Turkish flag
in the world.”
EKOVİTRİN SEPTEMBER 2015 151
NEWS / TURKISH FIRMS IN WORLD RANKINGS
RÖNESANS
One of the
Largest
In Europe
Rönesans Construction, moved up
from its spot as the 53rd to be the 37th
on the “The 250 largest International
Contracting Firms of the world” list of
the Engineering News Record (ENR).
Rönesans was also listed as the 10th
largest construction company in Europe.
A
ERMAN ILICAK:
WE UNDERSIGNED
OVER 500 PROJECTS
152 EKOVİTRİN SEPTEMBER 2015
ffiliated with Rönesans Holding which is one of
the leader companies of the world and Turkey,
Rönesans İnşaat has added a new success story,
to its victories abroad. Rönesans Construction, moved
up from its spot as the 53rd to be the 37th on the “The
250 largest International Contracting Firms of the world”
list of the International Construction Industry Magazine,
The Engineering News Record (ENR) which is among the
most prestigious studies. In the rankings according to region, Rönesans was also listed as the 10th largest construction company in Europe.
Rönesans Holding’s Chairman Dr. Erman Ilıcak mentioned that Rönesans’ successful operations on three continents and in 21 countries had an important role in this
rise, he continued his words as follows, “ As Rönesans
A Turk’s Signature in the Heart of Moscow
Realized by Rönesans Construction in Russia’s capital city Moscow, the Evolution
(the spiral tower architecture in the middle) and the Federation Tower (second tower from the right) projects.
Holding which we established in 1993, we are proud
to be representing our country successfully abroad,
for more than 22 years as an investor and contractor. The position which we achieved on the world’s
largest contracting companies of the world list, is the
most tangible result of our stable and quality work.
They undersigned over 500 projects
Dr. Erman Ilıcak expresses that Rönesans has
taken over industry-leading projects in the fields of
construction, real estate investment, industry, energy and health, in a vast geographical area that includes Turkey, Europe, CIS, Middle East and North
Africa, he also made the following statement, ”Our
goal is to rank among the first 10 companies in this
list.” Among the 500 plus projects that Rönesans
İnşaat concluded and continued successfully, some
examples that come forward are as follows; Euro-
pe’s longest railway tunnel the Gotthard, Europe’s
largest shopping center Avia Park, with its world
record breaking continuous concreting the St. Petersburg skyscraper project, the largest urea and
ammonia plant in Turkmenistan and the world’s largest oil production from natural gas plant the GTG
projects.
Successfully represents Turkey
The International Construction Industry Magazine, ENR’s list is prepared by taking the contractors’ profits made, from operations abroad in the
previous year, as a base. Since 2006 Rönesans has
been successfully representing Turkey in the ENR
list which is among the most prestigious and reliable
studies on this subject. The company’s first entrance
into the list was at the 86th place, this year it rose by
approximately 50 rows.
EKOVİTRİN SEPTEMBER 2015 153
NEWS / TURKISH FIRMS IN WORLD RANKINGS
Undersigned a project of 57 thousand housing units in İran
KUZU GROUP IN THE
LEAGUE OF GIANTS
Kuzu Construction took its place, ranking as
the 151st in the “250 largest international
construction firms of the world” list. Kuzu Group
Board Member Özen Kuzu, expressed that they
undersigned a project of 57 thousand housing
units in İran and this is the largest housing project
which is being built with one contract in the world.
T
he ending of the economic sanctions
applied for 12 years to Iran has lead
Iran to open its doors to the world and
turned the eyes of construction companies
which operate in the region, especially Turkey’s
eyes to Iran. The said development has also secured one of Turkey’s largest construction companies Kuzu Group’s leader position in the international markets, when they discovered the
Iranian market in 2011 and undersigned a giant
project of 57 thousand housing units.
A market worth 400 Billion USD
ÖZEN KUZU
Kuzu Group
Executive Board Member
154 EKOVİTRİN SEPTEMBER 2015
Kuzu Group Board Member Özen
Kuzu, evaluated developments in relation to Iran and expressed that with
the economic sanctions being gradually lifted that Iran with a market
capacity of 400 billion USD will open
its doors to the world and this will create new
business opportunities for companies which
operate in the fields of trade, energy, finance
THE MOST EXPERIENCED TURKISH COMPANY IN THE IRANIAN MARKET
Kuzu Group undersigned a vast project of 57 thousand housing units in Iran which is a market that the group had
entered years ago. The 20 thousand housing units have been realized as a first stage, in the Parandan city of the
Tehran state by Kuzu Construction and have been handed over. The second stage of the project which consists of 37
thousand housing units in the Perdis city of the Tehran state has been completed up to 75 %.
and construction and added that Turkey will benefit
most from this market. Kuzu explained that Turkey
will come forward with its relations with Iran and
said the following, “The fact that we have around
14 billion USD worth trade relations with Iran despite of the sanctions and that we are geographically
close to Iran, points out that our country will profit
from the normalization period of Iran.” Özen Kuzu
expressed that from the construction field angle
there is a significant infrastructure business volume
in Iran and commented as follows, “Also in housing
complexes during the stage of renewing the outlook
of the cities, Turkish companies experienced in their
field, will be able to play active roles.”
The largest housing project
being built with one contract
Özen Kuzu reminded that the Kuzu group undersigned a vast project of 57 thousand housing units in
Iran which is a market that the Group had entered
years ago. He also expressed that the 20 thousand
housing units have been realized as a first stage, in
the Parandan city of the Tehran state and have been
handed over. Özen Kuzu stated that the second
stage of the project which consists of 37 thousand
housing units in the Perdis city of the Tehran state
has been completed up to 75 %. Özen Kuzu continued with the following words” This project comes
The total investment value of
the residential project which
was tendered by the Ministry of
Resettlement of Iran is 2 billion
12 million 500 thousand USD.
forward ‘as the largest housing project in the world
being built with one contract’. This success of Kuzu
Group also secures Turkey’s position as second after
China in the international construction field.”
2 billion USD Investment
Özen Kuzu explained that the 57 thousand housing units residential project which has a construction site of approximately 5 million 750 thousand
square meters in Tehran, will be like a small city
when completed, he continued with the following
words “The total investment value of the residential
project which was tendered by the Ministry of Resettlement of Iran and which we started building in
2011 is 2 billion 12 million 500 thousand USD. The
project which will cover a part of the need for new
housing in Tehran and is being built with the latest
technology earthquake resistant tunnel formwork
system.”
EKOVİTRİN SEPTEMBER 2015 155
NEWS / TURKISH FIRMS IN WORLD RANKINGS
Chairman of the Turkey Contractors Union
Mithat Yenigün spoke to Ekovitrin:
IRAN COULD
BE A NEW
OPPORTUNITY
L
ibya, Iraq, and Russia markets constitute 35 % of the total business
volume outside of Turkish borders. New opportunities and potential
investments are present in Sub-Saharan Africa and South American
countries. After the economic sanctions have been lifted in Iran, the
positive course which will take place in the investment environment of
the country may provide opportunities for Turkish Contractors.
Chairman of the Turkey Contractors Union Mithat Yenigün expressed
that Turkey has 43 Construction Companies in the ranking list of the
world’s largest 250 construction companies, which places Turkey into
the second place in the world. He adds that the success of the Turkish
Contractors industry is no coincidence, given that they received 8.2
billion USD worth business worldwide in the first 6 months, despite
of the negative circumstances.
T
he construction industry is among the first of
the leading industries of the economy. The
construction industry constitutes 6 % of the
GDP on average and provides jobs for approximately 2 million people thus plays an important role in
Turkey’s economic development. When considering
156 EKOVİTRİN SEPTEMBER 2015
the direct and indirect effects, the construction industry’s share within the Turkish economy rises up
to 30% and its share of non-agricultural employment rises up to 10%. In 2014 the growth rate in
the Turkish Economy dropped down to 2.9 % in the
GDP, the dropping took place as 2.2% within in the
industry. The industry’s shrinking
trend continued in the first quarter
of 2015 and it decreased by 3.51 %.
The total number of projects undertaken by Turkish Constructors
who first stepped food into abroad
markets in 1972, is 8 thousand 606
and the total value of these projects
has reached up to 312 billion USD.
The last period has been one of the
toughest of the 43 years, for the
‘Contracting Abroad Industry’. In
2014, 324 new projects have been
taken over abroad which amount to
the total value of 27 billion USD.
Within the first 6 months of 2015,
69 new projects have been taken
over abroad, which amount to the
total value of 8.2 billion USD.
The Chairman of the Turkey
Contractors Union Mithat Yenigün
expresses that alongside the economic and political developments
in the world, the environment of
uncertainty within Turkey effects
the industry negatively, he continues with the following words,
”Once the political uncertainty is
clarified the industry will continue
its growth trend. It is vitally important that a brand new story is
created for the Turkish Economy
and that a motion plan is shaped.
Our expectations are that new
structural reforms in the economy
are brought up in the last quarter
of 2015 and that they are swiftly put
into motion by the new government
by the beginning of 2016.”
Chairman of the Turkey Contractors Union Mithat Yenigün
made statements exclusive to Ekovitrin, in regards to the industry’s
2015 performance and future goals.
Chairman of the
Turkey Contractors
Union Yenigün:
“Turkish Contractors
take over yearly new
projects abroad which
are on average 25-30
billion USD worth. In 43
years, the total project
number has reached
8 thousand 606, and
the total value of these
projects has reached
312 billion USD.”
EKOVİTRİN SEPTEMBER 2015 157
INTERVIEW / UFUK UYAN
NEWS / DİDİM BEACH RESORT HOTEL
Kuwait Turk’s
European expansion
Europe’s first participation bank KT bank AG has been
opened for service in Frankfurt by Kuwait Turk, it aims
to reach 4 million European Turkish clients. Kuwait
Turk’s General Manager Ufuk Uyan made the following
statement, “We aim for the KT bank AG to reach 154
million Euros of active growth by the end of the year.”
I
n July you opened a new branch in Germany.
What is the significance of Germany, in Kuwait
Turk’s long run and short run goals?
The detailed research done in the last year’s shows
us that participation banking is on an upward trend in
the world and in Europe. We had the opening of KT
Bank AG as a first step towards introducing Europe with
participation banking and its premier goal is; to provide
full banking services to the European. As Kuwait Turk
we received our license from the German Federal
Banking Regulatory Authority BaF. With this license
we became the first participation bank in Germany that
received a license to realize deposit and loan operations.
We perceive KT Bank AG as a door opening from
Germany to all Europe, as a base. For us this location
is the Europe Central base of participation banking.
Through this location we plan to introduce all Europe
with interest free banking and swiftly expand, in order
to become a preferred spot. We will bring participation
banking services to 4 million potential clients in
Germany of which two thirds are Turks.
We will constantly improve and develop our product
and service portfolio which are in line with participation
banking principles, in accordance with the expectations
of clients here. We hope that KT Bank will be the
preferred number one finance entity in Germany. With
our branches in Germany we aim to provide banking
services based on solid banking principles and ethical
values. We aim to meet our local and foreign clients’
needs of investment and borrowing, with a premium
service standard, advantaged prices and a wide range of
products. We estimate that by the end of 2015 KT bank
AG will be managing more than 10 thousand accounts.
With these calculations the bank will have a total of 121
million Euros of deposits. We aim for the KT bank AG
158 EKOVİTRİN SEPTEMBER 2015
Yusuf Mutlu and Hatice Mutlu
to reach 154 million Euros of active growth by the end
of the year.
n How will Kuwait Turk close 2015?
The first half of 2015 was very successful. We opened
our private banking services under a different directorship,
through which we undersigned a first in participation
banking. In Germany we started our operations with KT
Bank AG. We diversified our financial resolutions for
the pensioner and the married couples, though special
campaigns. We improved our digital banking services
and opened our ‘Your Bank digital banking platform’ to
the service of our clients. We realized sukuk issuance for
the public. Until the end of 2015 we will keep developing
our private banking services and KT Bank AG’s portfolio.
Also until the year end we will have a significant amount
of sukuk issuance. In SME banking we are going through
a new structural change, we are improving our banking
services in this area.
The successful work that we have done in 2015 has
also reflected on the financial results of our first 6 months.
Compared to last year’s same period we increased our
net profit by 17,5% and made 206 million TL net profits.
In the first half of 2015 we increased our total assets by
16.6% compared to the year end of 2014 and brought it
up to 39 billion 661 million TL. We also raised our equity
capital by 5.6 % and reached 3 billion 192 million TL. In
the collected funds, again in comparison with the same
period our bank achieved a 17% increase and reached 25
billion 913 TL and by realizing a 20.3% increase in fund
usage our bank has provided 25 billion 609 million TL
fund usage. We plan to increase our current 333 branches
up to 360 by the end of the year. Our road map for 2016
is to concentrate on areas such as SME / artisan banking,
portfolio management, digital banking.
Yusuf Mutlu the owner of
Didim Beach Resort Hotel,
expressed that Turkey needs to
shift to a new structure which
will increase the quality of
tourists; he continued with the
following words, “Instead of
an all-inclusive based system,
a shift towards a new model
which will build added-value,
should be ensured.”
“We need to shift to
high-value added Tourism”
T
he latest stated numbers show that 2015 has
been a year way below expectations from a
Turkish tourism angle. Representatives of
the industry are trying to compensate the drop in
Russian tourists due to the economic crises in Russia and the low petroleum prices with local tourists.
Didim Beach Elegance Hotel owner Yusuf Mutlu,
expresses that the negative outlook in the tourism industry is temporary he continues with the following
words, “We need to start planning for next year and
work towards hosting more tourists.”
Mutlu draws attention to the fact that instead of
an all-inclusive based system, a shift towards a new
model which will build added-value should be ensured. He expresses that we cannot see tourists who
visit our country as visitors of Turkey who are lodging but should perceive them as people who make
investments, he continues with the following words,
“We need to shift to a new structure in Turkey which will increase the quality of the tourists.
Nowadays, tourism has spilled-over the typical trio
of sea, sand and sun. It is only a profitable industry,
when you can create a difference though added value. Instead of an all-inclusive based system, a shift
towards a new model which will build added-value
should be ensured.”
Russian and British Tourists Prefer Didim
Yusuf Mutlu expressed that Didim is differentiated from the other touristic regions with its natural
beauty and its sea coast, he continued with the following words in regards to services provided by the
Hotel: Didim Beach Resort & Spa is located in the
Altınkum third bay which is one of the most beautiful bays of the Aegean coast, the sea and sand are
brilliantly clear. Our facility; with its location right by
the water, harmonized with nature, with its architecture in line with the antique texture of the region,
having 385 rooms in total in 8 to 6 storied buildings,
provides water sport services and sea activities such
as scuba diving, a memorable experience is provided
with the aqua-park, 4 newly constructed swimming
pools, including the thermal pool and the thermal
center.”
Mutlu states that Didim with its natural beauty
and wonderful sea-coast is one of the first holiday
locations preferred by Russian and British tourists
and he concluded his words as follows: “Our hotel is
generally preferred by Russian, English, Polish and
German tourists. During the months of July and August we serve mainly local tourists. I’d like to invite
vacationers who want to have a joyful and peaceful
vacation to Didim Beach Elegance Hotel.”
EKOVİTRİN SEPTEMBER 2015 159