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- The investment kings
The investment kings
Over the last two years the balances in the economy have changed and resulted in Turkey entering a new era.
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
GROUPS WHO HAVE MULTIPLIED THEIR TURNOVER
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.
THOSE WHO WENT ON THE ATTACK OVER 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.~
But there was a sharp downturn in the growth rate from 2007. So how did the bosses increase investments in the period 2007-2010 at a time when the growth rate of the Turkish economy was political stability and the high levels of liquidity in the global economy after 2008 and it flowing to Turkey during a time of uncertainty. LBT Varlık CEO Hakan Güvenal says: "The rating upgrade is proof of this. In addition, as well as the political stability, investors were encouraged by the low interest environment." Global Dealings Board Chair Hakan Akbaş says: "Major corporations benefited from the government’s loose monetary and low interest rate policies. During the same period, the increase in privatisations in Turkey gave a further boost to investments."
TARGET SECTORS
Construction, energy, contracting, retailing, tourism and health played an important role in the economic boom of recent years. The growth in these sectors attracted billions of dollars in investment. The fact that Erma Ilıcak, the head of Rönesans Holding, which is mainly active in construction, and Varyap Board Chair Süleyman Varlıbaş were among those who invested most is an important indicator of this... Over the last five years. most of the investments realised by Ahmet Zorlu, who grew in the white goods and textile sectors, have been in the energy and real estate sectors. The vast majority of Ferit Şahenk’s investments have been in tourism, the media, energy and the food and drink sectors. Aziz Torun, the head of the Torunlar Group, which grew in foodstuffs, invested TL 1.542 billion entirely in real estate.
THE COUNTRIES WHICH HAVE ATTRACTED INVESTMENT
Over the last 10 years it has not just been inside Turkey, many companies have also made the most of a lot of opportunities abroad. For this reason, bosses have increased their investments abroad. Turkish entrepreneurs have focused particularly on markets in developing countries in the region. Over the last five years, 30 percent of the investments realised by Ahmet Zorlu have been outside the country's borders. The main destination for these investments has been Russia. Zorlu says that he has invested a total of over $1 billion in these countries. The vast majority of the investments of Tuncay Özilhan’s Efes Pilsen have been in the Commonwealth of Independent States, particularly Russia. 15 percent of the TL 7,2 billion worth of investments by Ferit Şahenk over the last 10 years have been abroad, mostly in Croatia and Greece. Another boss who has made the most of investment opportunities abroad is Yahya Kiğılı, head of Hayat Holding.
Click image to see the table
GROUPS WHO HAVE MULTIPLIED THEIR TURNOVER
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.
THOSE WHO WENT ON THE ATTACK OVER 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.~
But there was a sharp downturn in the growth rate from 2007. So how did the bosses increase investments in the period 2007-2010 at a time when the growth rate of the Turkish economy was political stability and the high levels of liquidity in the global economy after 2008 and it flowing to Turkey during a time of uncertainty. LBT Varlık CEO Hakan Güvenal says: "The rating upgrade is proof of this. In addition, as well as the political stability, investors were encouraged by the low interest environment." Global Dealings Board Chair Hakan Akbaş says: "Major corporations benefited from the government’s loose monetary and low interest rate policies. During the same period, the increase in privatisations in Turkey gave a further boost to investments."
TARGET SECTORS
Construction, energy, contracting, retailing, tourism and health played an important role in the economic boom of recent years. The growth in these sectors attracted billions of dollars in investment. The fact that Erma Ilıcak, the head of Rönesans Holding, which is mainly active in construction, and Varyap Board Chair Süleyman Varlıbaş were among those who invested most is an important indicator of this... Over the last five years. most of the investments realised by Ahmet Zorlu, who grew in the white goods and textile sectors, have been in the energy and real estate sectors. The vast majority of Ferit Şahenk’s investments have been in tourism, the media, energy and the food and drink sectors. Aziz Torun, the head of the Torunlar Group, which grew in foodstuffs, invested TL 1.542 billion entirely in real estate.
THE COUNTRIES WHICH HAVE ATTRACTED INVESTMENT
Over the last 10 years it has not just been inside Turkey, many companies have also made the most of a lot of opportunities abroad. For this reason, bosses have increased their investments abroad. Turkish entrepreneurs have focused particularly on markets in developing countries in the region. Over the last five years, 30 percent of the investments realised by Ahmet Zorlu have been outside the country's borders. The main destination for these investments has been Russia. Zorlu says that he has invested a total of over $1 billion in these countries. The vast majority of the investments of Tuncay Özilhan’s Efes Pilsen have been in the Commonwealth of Independent States, particularly Russia. 15 percent of the TL 7,2 billion worth of investments by Ferit Şahenk over the last 10 years have been abroad, mostly in Croatia and Greece. Another boss who has made the most of investment opportunities abroad is Yahya Kiğılı, head of Hayat Holding.
