The investment kings

Over the last two years the balances in the economy have changed and resulted in Turkey entering a new era.

1.02.2013 00:00:000
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The investment kings
When this combined with the flow of liquidity to Turkey as a result of the global crisis and low interest rate policies, the Turkish business world went on a real investment drive. In the last 10 years, Mustafa Koç, the head of Koç Holding, has invested TL 20.7 billion, while Akfen Board Chair Hamdi Akin has invested TL 17,2 billion and Zorlu Holding Board Chair Ahmet Zorlu TL 10,9 billion. Most importantly, these names which have come onto the agenda as a result of their billion-dollar investments have created significant movement in the economy. Mustafa Koç, the head of Koç Holding, forecast that “2012 will be a record year in terms of the volume of investment that we realise”. Like Koç said, the largest holding in Turkey ended last year with massive investments of TL 6.5 billion. In fact, ever since he took over as board chair in 2003, Koç has accelerated the pace of investment in Koç Holding. Under Mustafa Koç’s leadership, the group has realised TL 20.7 billion worth of investment over the last 10 years. It is not just Mustafa Koç. Over the last 10 years many business people in Turkey have drawn strength from the Turkish economy and realised the most important investments in history. The hungriest bosses in terms of investment are Ahmet Zorlu, Hamdi Akin, Ferit Şahenk and Tuncay Özilhan.

Click image to see the table

Over the last 10 years many business people who have come to the fore through their investments have taken the groups they manage to a significant level. For example, under Mustafa Koç’s leadership, Koç Holding has increased its turnover from TL 46.8 billion in 2007 to TL 75.7 billion in 2011. In the same period, Ferit Şahenk has increased his group’s turnover from TL 5.6 billion to TL 9.9 billion, and Ahmet Zorlu his group's turnover from TL 5.9 billion to TL 8.5 billion. In some groups, turnover has increased several fold. Mehmet Ali Aydınlar, the founder of the Acıbadem Group has, as a result of his investments, overseen a massive growth in the Acıbadem Health Group, which had turnover of TL 250 million in 2006. By the end of 2011, the Acıbadem Health Group had grown into a giant with total turnover of TL 1.3 billion. Necmettin Bitlis, the head of Polisan, has doubled the group’s turnover just in the last five years.

When we look at business people's investment calendars, we see that the real boom occurred in 2007 and afterwards. Mustafa Koç says that, excluding acquisitions of companies, between 2006 and 2010 they realised a total of TL 11 billion in investments. Over the last 10 years, Ferit Şahenk has been responsible for TL 7,2 billion of investments, and 91 percentage of this came in the period 2007 to 2012. The growth trend started after the Turkish economy contracted by 9.5 percent in 2001.


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