Page 19 - Annual Report 2018

UROL is a group of companies that started with
the launch of the first company in 1966, with a
Nview to operating in its core business area of
construction and contracting. In the years that followed,
the group of companies grew and developed as a result
of the works of the companies it established in various
sectors. With a business history of more than half a
century, the Çarmıklı Family oversees the activities of
one of Turkey’s leading groups that is advancing in line
with the requirements of the era, while preserving its
commitment to traditions and synchronizing its
corporate values with family values.

Established in 1989, NUROL HOLDING continues its Nurol Plaza, İstanbul/ Turkey
activities today with approximately 40 subsidiaries,
across a wide geography, including Algeria, Morocco,
affiliates and project partnerships, both at home and
Libya, the United Arab Emirates, Qatar, Saudi Arabia,
abroad.
Georgia, the Russian Federation, Turkmenistan,
With companies established in many important sectors, Kazakhstan, Uzbekistan, Hungary, Iraq and Afghanistan.
such as construction, real estate, defense, manufacturing,
As of December 31, 2018, NUROL HOLDING’s
finance, mining, energy, tourism and services, the
HOLDING is continuing its investments with a view to consolidated assets amounted to approximately $
3.9 billion. Its turnover is $ 1.5 billion and its total project
creating added value to the economy by prioritizing
volume is $ 32 billion. The real estate and construction
efficiency and quality.
sector has the biggest share in NUROL HOLDING’s
Having achieved sustainable growth by renewing its turnover with 55%, followed by defense with 32% and
short-, medium- and long-term plans in line with its other companies with smaller shares.
strategic targets in the sectors where it is engaged,
In addition to its commercial activities, NUROL HOLDING
NUROL is continuing to invest in domestic and foreign
also sets out strategies and takes part in various projects
markets with a stronger structure, preserving its solid
with a view to resolving social problems and improving
presence.
contemporary living standards in line with its ethical
The group companies are managed by the Coordination values. With its sense of corporate social responsibility,
Units and Director Generals, who report to the Chairman the Group of Companies has assumed the task of serving
and Vice Chairmen of the Board of Directors, permitting society together with its employees by prioritizing
that the coordination of the Group of Companies is people and the environment. NUROL Holding has signed
carried out under institutional management principles, the United Nations Global Compact in a status of a
while their corporate communication activities and “Participant” to create the sustainable conditions for the
inspections are carried out by the headquarters. The future and to realize what it can do on the common
headquarters of the HOLDING are in Ankara, which is ground for its employees, nation and for the world in
also host to the head offices of most of the Holding which it breaths with billions of people. Approved by the
companies, with those engaged in the defense sector Global Reporting Initiative (GRI), the report prepared in
being most prominent. On the other hand, NUROL relation to the UN Global Compact can be reviewed
CONSTRUCTION, NUROL REAL ESTATE INVESTMENT under “sustainability” tab on our webpage.
TRUST and NUROL BANK are headquartered in Istanbul.
The Nurol Education, Culture and Sports Foundation,
As one of Turkey’s leading infrastructure investment founded by the Çarmıklı Family, has continued since the
companies, NUROL CONSTRUCTION has realized some day of its establishment to develop our nation’s values
very large projects in the country since its establishment, by contributing to the development of, in particular,
and has also become one of the world's largest education, culture and the arts, all of which play an
international contracting firms abroad, with mega important role in the development of the country.
projects completed or in progress in countries spreading

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