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  • Writer's pictureÖztürk Holding

Enters Armenia with a housing project

Updated: Jan 9

Öztürk Holding, known for its projects in Africa, will take part in the construction of the new city to be established near the Kaaba. The company is also entering Armenia with a housing project.

Öztürk Holding, which has undertaken many projects in Africa, will take part in the new city project, 2 thousand 800 meters away from the Kaaba, where 100 thousand pilgrims can accommodate and meet all their needs (food, health, shopping, etc.). The project will be built for Indonesian pilgrims. We met with Yusuf Öztürk, Chairman of the Board of Directors of Öztürk Holding, which also builds houses in Armenia.

Öztürk Holding, known for its projects in Africa, will take part in the construction of the new city to be established near the Kaaba. The company also participates in Armenia with a housing project.

Öztürk Holding, which has undertaken many projects in Africa, will take part in the new city project, 2 thousand 800 meters away from the Kaaba, where 100 thousand pilgrims can accommodate and meet all their needs (food, health, shopping, etc.). The project will be built for Indonesian pilgrims. We met with Yusuf Öztürk, Chairman of the Board of Directors of Öztürk Holding, which also builds houses in Armenia.


Could you please elaborate on the Saudi Arabia project?

Indonesia is among the countries that send the most pilgrims. We were the first to establish the bond between the governments of Indonesia and Saudi Arabia. This business looks like a timeshare, but it's not. It is a city in the heart of Mecca, 2-3 thousand meters away from the Kaaba. We will create a building complex that can accommodate 100 thousand pilgrims for two months and fulfill its mission.

Were you the idea? How big is it?

A project that no one had in mind. It is 1 billion dollars in size. We are entering together with Goldman Sachs. The entire investment of the project belongs to us, and no land guarantee is given. They participate completely believing in the project and the control of the injury. They want various funds to be in this project.

You also have a project in Armenia...

It currently started with a residence in Yerevan. I am the first Turk to do business there. It's a small country but there's an incredible amount of money. We are trying to establish an order for the public housing administration. It is an integrated project with revenue sharing and income distribution. The first phase is 5 thousand houses, but a total of 300 thousand people are waiting in line.

When did you set foot in Africa?

We have been doing business in Africa for 9 years. We are the only Turkish company doing projects there with the World Bank. I have traveled to 33 countries in the region, I know the structure very well.

Is it difficult to do business there?

If you are going to do business there, you will be able to take your money with you and you will know finance. So, they'll look at whether you're going to ride a Rolls Royce the next day or whether your worker will lose his money and finish my project. We are committed to the development of Africa.

Are there any elements that threaten you in Africa?

I have no contact with the Gülen Community, I am a man who draws this line when I go. Gülen schools are no longer accepted in any country in Africa. They even want the Turkish state to step in and provide assistance.


Sinan Özedincik/ Sabah Newspaper 28-09-2014

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