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Company type | Private |
---|---|
Industry | Construction, Port Investments, Manufacturing, Transportation, Agriculture, Tourism, Media |
Founded | 1952 |
Founder | Ahmet Albayrak |
Headquarters | , |
Revenue | $1 billion (2008) [1] |
Number of employees | 10,000 [2] |
Website | www.albayrak.com.tr |
Albayrak Group is a Turkish multinational conglomerate based in Istanbul, Turkiye. The group specializes in construction, port investments, manufacturing, media, transport, logistics, waste management, and tourism, managing approximately 80 brands. Since its founding in 1952, Albayrak Group has expanded into various industries globally.
Albayrak Group is a joint venture by Ahmet Albayrak and his brothers Bayram Albayrak, Nuri Albayrak, Kazım Albayrak, Mustafa Albayrak, and Muzaffer Albayrak. The group kicked off commercial activities in 1952 in the construction industry upon initiatives by Hacı Ahmet Albayrak.
Albayrak Group traces its origins to Hacı Ahmet Albayrak, who contributed to rebuilding efforts after the 1939 Erzincan earthquake. Officially established in 1952 with the founding of Albayrak Construction, the company has since completed over 20,000 housing units, metro projects, hospitals, shopping malls, tunnels, administrative buildings, energy plants, and factories. [3] The group remains 100% family-owned.
Albayrak Group operates across Türkiye, West Africa, East Africa, Asia, and Europe. Key subsidiaries, including TÜMOSAN Engine and Tractor Factory (TMSN), Trabzon Port Management and Operations (TLMAN), and Platform Tourism Transportation Company (PLTUR), are listed on the Istanbul Stock Exchange (BIST).
The group began port operations with Trabzon Port in 2003 and expanded internationally, acquiring operational rights for ports in Mogadishu [4] (2014), Conakry (2018), Baku [5] (2022), Pointe-Noire [6] (2024), Banjul [7] (2024), Bata and Malabo [8] (2024).
Albayrak Media, marking 30 years in the sector, began with the acquisition of the newspaper Yeni Şafak. Over time, it expanded into magazines and digital platforms such as GZT. In 2018, Ketebe Publishing launched with the motto "Writings Remain," publishing over 1,080 titles.
Trabzon, historically known as Trebizond, is a city on the Black Sea coast of northeastern Turkey and the capital of Trabzon Province. Trabzon became a melting pot of religions, languages and culture for centuries and a trade gateway to Persia in the southeast and the Caucasus to the northeast. The Venetian and Genoese merchants paid visits to Trabzon during the medieval period and sold silk, linen and woolen fabric. Both republics had merchant colonies within the city – Leonkastron and the former "Venetian castle" – that played a role to Trabzon similar to the one Galata played to Constantinople. Trabzon formed the basis of several states in its long history and was the capital city of the Empire of Trebizond between 1204 and 1461. During the early modern period, Trabzon, because of the importance of its port, again became a focal point of trade to Persia and the Caucasus.
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