Page 27 - Annual Report 2018

Golf View Villas, Dubai/UAE

43 story high-end Residential Building including Retail and In Libya, which is the last country in our field of activity in
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Office spaces with a total build-up area of 66.945 m . North Africa, our activities were, unfortunately, suspended
due to sad events experienced in the country and we are
In Dubai, in addition to 4 residential project contracts we
currently spending our efforts to resume our work within
have signed in 2017, we have been awarded with 1 more
the framework of our Coastal Highway Algarabolli –
contract in 2018 by EMAAR which is one of the biggest
Misuratah Section Project including the rehabilitation of
developers of the UAE.
160 km long dual highway, Tripoli Al Fateh University
Emaar Beach Vista project contract was signed within 2018 Economy and Law Faculties, Physical Education Faculty
for a price of 410 million AED. 33 and 26 story residential and Campus B Infrastructure Works Projects.
towers will be constructed on Dubai Harbour and planned
In Georgia / Batumi, Sheraton Hotel, which was successfully
to completed by March 2021.
completed and owned by our company receives high
174 million AED worth residential project for construction praises. Our business development efforts in the region
of Golf View Apartments consisting two G+P+11F+R are still growing quickly.
residential buildings and fourteen townhouses and
Our business development activities within the scope of our
associated hard and soft landscaping works at Plot GA09
overseas activities are rapidly progressing. In addition to our
of Dubai South with a total closed area of 47.187 m planned
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initiatives in the Gulf Region and mainly in Algeria, Qatar, Saudi
to complete by December 2019.
Arabia, UAE, Oman and Romania, we are also carrying out our
Another 227 million AED worth of residential project for activities in various countries in Lebanon, North Africa, Sub-
construction of Golf View Villas consisting 204 Units Villas Saharan Africa, Bosnia-Herzegovina, Kosovo, Albania,
and hard and soft landscaping works at Plot GA14 of Macedonia, Serbia, Montenegro, Kuwait, Kazakhstan,
Dubai South with a total BUA of 53.239 m planned to Azerbaijan, Iran, Afghanistan, Pakistan, India and Ukraine.
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complete by April 2020.
Through its works briefly mentioned above, NUROL
The Cove Buildings project consist of 3 residential towers Construction and Trading Co. Inc. is carrying the justified
of Block C - 2B+G+M+9+R, Block D - 2B+G+21+R and Block pride of its successful history to the future with a young
J -2B+G+6+R, over one common podium incorporating and dynamic spirit which it has not lost since the very first
towers on Plot A.020 of Dubai Creek Harbour with a total day of its foundation.
closed area of 76.136 m . 310 million AED worth contract
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planned to complete by January 2020.
NUROL CONSTRUCTION AND TRADING CO. INC. (Thousand TL)
Finally, a 406 million AED worth residential project contract
for construction of Creek Gate Towers which consists of 33 2016 2017 2018
TOTAL ASSETS 6.002.570 6.496.406 8.518.650
and 40 story twin residential towers over one common
TOTAL EQUITY 1.920.656 2.096.714 2.825.350
podium on Plot 32 of Dubai Creek Harbour with a total closed SALES INCOME 2.304.234 2.421.588 3.744.833
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area of 100.889 m planned to complete by April 2020. EBITDA 368.752 550.814 951.525
Figures are taken from the consolidated financial statements in accordance with IFRS.

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