Major shareholder says $8.6 billion has been invested in Istanbul airport so far

About 8 billion euros ($8.64 billion) of the planned 10.25 billion-euro investment for Istanbul Airport in Turkey has been completed so far, the main shareholder of the joint venture that runs the mega facility said on Monday. Cemal Kalyoncu, Chairman of the Board of Directors of Kalyon Holding, said that the investment has been made … Read more

Turkey joins ‘Super League’ as gaming startups shine in record Q1

As capital continues to pour in at an unprecedented pace, the Turkish startup ecosystem has left behind its best first quarter to date. The momentum promoted Turkey to the “Super League” in Europe when it comes to investments, while Istanbul spearheaded the way with the gaming industry. The Turkish startups secured more than $1.27 billion … Read more

Turkey to raise citizenship threshold for households as sales soar

Foreigners looking to buy houses in Turkey to become Turkish citizens will now have to pay more, reports said on Wednesday, in a move that comes as sales to foreign buyers, particularly Russians and Ukrainians, are surging. The amount foreigners have to pay for a property and commit to holding it for at least three … Read more

Turkish Digital Entertainment Platform Raises $2M Funds

The immense digitization during the coronavirus pandemic has made some habits permanent, and many startups have turned this trend into an opportunity to attract funding and respond to the ever-increasing demand for new practices. Turkish live digital music and entertainment platform Musixen is one such startup. The firm has managed to complete its second investment … Read more

Turkish Borusan Holding allocates an investment of 818 million dollars in 2022-2024

Turkey’s Borusan Holding is planning an investment of TL 12 billion ($818 million) in the 2022-2024 period, it said on Thursday, as it aims to improve core businesses and grow in other sustainable export-oriented sectors. “The company is evaluating organic and inorganic investment opportunities in new industry-based, sustainable, growth and export-oriented sectors,” it said in … Read more

Turkish-Arab summit allocates at least $3 billion in turnover

Turkey’s southeast will bring together local industrialists with Middle Eastern businessmen and investors in a major summit that organizers say will generate billions of dollars in trade volume. The Turkish-Arab Business Summit comes as relations between Turkey and the Arab world are experiencing a major thaw after a years-long rift. Ankara has engaged in efforts … Read more