Turkey

While the growing global Islamic bond ( sukuk) market represents an increasingly important source of financing for businesses across the world, to date interest has been fairly limited in Turkey. However, the market is expected to grow rapidly, partly thanks to legal changes that make sukuk issuance more attractive, as well as the...

THE COMPANY: TAV Airports Holding was established in 1997 for the purpose of building and operating Istanbul Atatürk Airport (IAA) from 2000-05. With a market share of 41%, it is Turkey’s leading airport operator, managing three of the country’s largest four. In addition to IAA, which is one of the...

Private equity investors are increasingly being drawn to Turkey by its fast-growing economy, macroeconomic and political stability, strong demographics and abundance of family-owned businesses. Many large buyout deals have been struck in recent years, but more opportunities for growth may exist for private equity funds that are willing to invest in...

With 2023 the centennial of the establishment of the Republic of Turkey, elections in 2011 saw the government unveil a long-term vision for the country’s development that stretches ahead for more than a decade. The ruling Justice and Development Party (AKP), able to capitalise on an unprecedented period of political stability after winning its third...

Many years ago, Goldman Sachs studied the growth prospects of a number of economies which we felt had the potential to become as big as the so-called BRICs (Brazil, Russia, India and China) in the future. We examined all those nations that had populations just below their BRIC counterparts – the next-largest countries, in terms of number of...