3-Billion-Dollar Investment Will Start in 2017

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Agaoglu Holding will invest $ 3 million in 2017 and sign 4 different projects.

Agaoglu Group Managing Director Hasan Rahvalı explained the goals and investment plans for 2017.

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“We have four proj- ects we plan to launch in 2017. Cekmekoy, Bağcılar, Yeniköy and Bakırköy. We plan to invest $ 3 billion in these. In the field of energy, our investments worth $ 1 billion continue. Recently in Yalova. We have realized the 75 MW wind power plant contract in Esenköy. In 2016, we took over two power plants. In Konya Sertavul, perhaps the biggest wind power plant in the world, we will have a project to follow. We are now in the licensing phase. These investments amount to about 1.2 billion euros. Turkey is a country that has to grow above 5 percent. 3,2 growth target for 2016 will be insufficient for Turkey. I believe that since the second half of 2017, Turkey will make the desire to enlarge the demand. I think that the second half of 2017 will take a determined pinch towards the level of 3 TL. ” he said.

Agaoglu Group of Companies started its activities in 1981 with Akdeniz Construction which is the first company. Currently, Ali Agaoglu, Chairman of the Board of Directors of Agaoglu Group of Companies, is active in construction, real estate, energy and tourism sectors. Agaoglu, headquartered in Ataşehir, Istanbul, has completed construction of more than 30 thousand residential buildings to date.

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