Albayrak Group

Last updated
Albayrak Group
Company typePrivate
IndustryConstruction, Port Investments, Manufacturing, Transportation, Agriculture, Tourism, Media
Founded1952
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.

Contents

History

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.

Operations

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).

Key Sectors and Companies

Port Concessions

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).

Media

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.

Manufacturing and Industry

Paper and Agriculture

Tourism and Hospitality

Waste Management

Data and Technology

Logistics and Transportation

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References

  1. "Albayrak Media Group".
  2. Albayrak, ALBAYRAK GROUP celebrates its 60th anniversary
  3. "Fields of Activity – Albayrak Group" . Retrieved 2025-01-28.
  4. "Somali, Mogadişu Limanı için Türk şirketle 14 yıllık imtiyaz anlaşmasına imza attı". www.aa.com.tr. Retrieved 2025-01-28.
  5. "Turkish Albayrak, Port of Baku sign agreement on cooperation (PHOTO)". Trend.Az. 2022-07-15. Retrieved 2025-01-28.
  6. Şafak, Yeni. "Albayrak Group expands investments in Africa with Pointe Noire Port deal | News". Yeni Şafak. Retrieved 2025-01-28.
  7. Şafak, Yeni. "GPA, Albayrak landmark Banjul port concession agreement takes effect | News". Yeni Şafak. Retrieved 2025-01-28.
  8. Şafak, Yeni. "Albayrak Group Expands Its Presence in Africa with Equatorial Guinea Ports Agreement | Turkey Economy". Yeni Şafak. Retrieved 2025-01-28.