The Middle East

Taken in its broadest sense to include sub-sectors such as petrochemicals, fertilisers, soaps and detergents, pharmaceuticals, paints and colouring agents, as well as raw chemical production, Turkey’s chemical business ranks second among domestic export industries, after automotives. Indeed, the sector has been steadily climbing its way to a...

Turkey recently became the biggest producer of white goods in Europe. When we take a broader view and look beyond just this sector, we can see that the country is now sea of opportunity for investors outside of the European continent.

A sun-kissed, wind-swept land criss-crossed by hundreds of rivers, Turkey is one of Europe’s most attractive sites for renewable power development. To date, red tape and underdevelopment of resources have clouded the investment landscape, but the government’s ambitious renewable energy targets may help jumpstart investor interest. Turkey is...

The country’s small insurance and pensions industry has long been valued for its potential to achieve sustained, above-par growth, and more than 20 multinational insurers have collectively spent over $3.5bn in Turkey since 2006 on acquisitions in the sector, in order to make sure that they did not miss out. In 2012 and early 2013, the industry...

The Company 

Aygaz, founded in 1961 and listed on the Istanbul Stock Exchange (now Borsa Istanbul) in 1990, is the market leader in liquefied petroleum gas (LPG) distribution in Turkey, with a sales volume of 1.7m tonnes and $3.2bn in revenues in 2012...