2016 was a year during which the growth rates of developing economies continued to decline due to FED’s interest rate hike. Still, global companies of Turkey succeeded expansion and acquisition in Middle East, North Africa and Far East markets. Nurol Holding stated their investments will continue through its affiliated companies Nurol LLC, Nurol Alger and

A 30 million-lira fuel saving will also be achieved when the divided highway being constructed on the steep and impassable mountains of the Blacksea, whose overall length is 19 km, comprising 3 viaducts, 2 subways, and 3 bridge crossings, is completed. Enver Yılmaz, Metropolitan Municipality Mayor, inspected the Ordu Ring Road being in the stage

Oasis Designer Outlet, which was brought into action by Nurol REIT on Basın Expressway with the “designer outlet concept”, opened its doors. Ceyda Çarmıklı Kılıçaslan, Board Member of Nurol REIT, stated Oasis will host many exclusive trademarks, some of which will attain a place in Oasis Designer Outlet with an outlet concept for the first

Numbers of Turkish companies in the ‘List of Top 250 International Contractors’ increased from 40 to 46. Total market share of Turkish firms increased to 5.5 percent, while the international market’s business volume decreased to the level of 14 percent in the aggregate. “Turkey, with 46 Turkish Contractors Association members in the list, one of

Turkey’s prominent economy magazine Capital’s annual survey known as ‘Capital 500’ has been announced. In 2016, despite social hitches and realization of growth rate less than expected, total turnover of Capital 500 companies achieved 2,3 growth comparing to the previous year’s rate. Nurol Makina ranked as the second among top 25 firms who increased their

Tender related to Second Phase of Ordu Ring Road was made by General Directorate of Highways. Tender awarded to Nurol-Yüksel Joint Venture, who has also been awarded the first phase of Ordu Ring Road, with a price approximately 550 million liras. Second phase, having a length of 10,5 km, of Ordu Rİng Road whose total

“We conduct a tailored style of banking even in small scale transactions. As in the entire world, capital markets should develop in Turkey as well.” NurolBank CEO Özgür Altıntaş said. Altuntaş stated that they wanted to be the Goldman, Morgan of Turkey. Within the last 3 years, NurolBank has increased its balance sheet size by

The construction of the Ordu Ring Road, built with the great efforts of Turkish engineers in the difficult geographical conditions of the Eastern Black Sea, will be completed in three months. 95 percent of the first phase of the ring road whose construction had started in Ordu 4 years ago has been completed. It was

96% of Ilısu Dam and Hydroelectric Power Plant (HEPP), the world’s largest dam in terms of body volume and crest length in the category of rock-filled dams with concrete-filled profile and the vision project, built by General Directorate of State Hydraulic Works, has been completed. The rotor weighing 460 tons, one of the most important

The agreement signed by ASELSAN and Nurol Makina and Sanayi A.Ş. on the supply of SARP Remote Controlled Weapon System has been amended and an additional order to ASELSAN for a total of 15.500.000 EUR has been placed. The agreement signed between ASELSAN and Nurol Makina has been amended. As per the amendment, ASELSAN received