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1 August 31 August 2011 Volume 4 Issue 1 I. PPP & PRIVATIZATION HIGHLIGHTS:
Offers
Bid
in
Turkey's Tepe-Akfen-Vie, or TAV, has offered a bid in the tender held for the Medina International Airport in Saudi Arabia. TAV stated that it offered the bid in the tender for 25- year operating rights of the airport. Saudi Oger Limited Company and Al Rajhi Holding Group also offered bids. Each company has equal shares in the consortium. TAV was established in 1997, as a joint venture between Tepe and Akfen Groups following the bid for the Istanbul Ataturk Airport International Terminal Contract.
The pre-qualification tender for The Construction Works and The Provision of Products and Services for Kocaeli Project has been performed on 30.06.2011 at 15.00. Pre-qualification application list of bidders in order of bid receipt: 1. YDA n. San. ve Tic. A.. INSO Sistemi Per le Infrastructture Sociali SPA Ortaklg. 2. Nurol n. Ve Tic. A..- CMB Societa Cooperative Muratori E Braccianti Di Carpi- Unieco Societa Cooperativa Ortakl. 3. Emsa n. Turz. Tic. Ve San. A..- PBK Architects Inc. Ascension Group Architects LLP Ortakl. 4. Yksel naat A..- Yksel Holding A.. Ortakl. 5. entrkler Mh. n. Taah. Turz. San. ve Tic. A.. - Medical Park Sa. Hizm. A..Sla Dan Bil. E. n. Taah. Tic. Ve Sa. Hiz. Ltd. ti. Ortakl. 6. IC ta n. San. ve Tic. A.. - Techint Compagnia Tecnica nternazionale S.P.A Ortakl. 7. Trkler n. Turz. Mad. Ener. r. Tic. Ve San. A.. 8. Eser Taah. Ve San. A..- Hammes Company Healthcare nternational LLC Ortaklg. 9. MBD n. San. Turz. Mh. Ve TC. LTD. T. METAG n. A.. Ortakl Pre-qulaification progress. evaluation is stil under
Bid Notice Under Seald Bid For North Marmara High Way (Including 3rd Bosphorus Bridge) Within the Scope of BOT Model.
The bidding for the construction and operation of the North Marmara Highway (including 3rd Bosphorus Bridge) within the scope of BOT model will be carried out in compliance with the addenda of the specifications and technical specificaitons on August 23, 2011 at 02.30 p.m. at Ministry of Transportation General Directorate of Highways Ycetepe/ANKARA, Block-A, Ground Floor, Small Meeting Hall, before the Assignment Commission by way of sealed bid. TENDER DOCUMENT SUBJECT TO TENDER North Marmara Highway (Including 3rd Bosphorus Bridge) SALES PRICE (VAT INCLUDED) TRY 100.000 AMOUNT OF BID SECURITY TRY 25.000.000 BIDDING DATE/TIME August 23, 2011 02.30 pm
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The pre-qualification tender for The Construction Works and The Provision of Products and Services for zmir Bayrakl Integrated Health Campus has been performed on 06.07.2011 at 15.00. Pre-Qualification Application list of bidders in order of bid receipt:
The pre-qualification tender for Physical Therapy and Rehabilitation (PTR), Psychiatry (P) and High Security Forensic Psychiatry (HSFP) Hospitals.
The pre-qualification tender has been performed on 08.07.2011 at 15.00. Pre-Qualification Application list of bidders in order of bid receipt: 1. lci naat San. ve Tic. A.. 2. Emsa n. Tur. Tic. ve San. A. - PBK Inc. - Ascension Group - Forcimsa Empresa Constructora S.A Joint Venture. 3. IC ta n. San. Ve Tic. A.. - Techint Compagnig Internazionale S.p.A Joint Venture. 4. Akfen n. Tur. Ve Tic. A.. 5. Sla Danmanlk Bil. Et. n. Taah. Tic. Ve Sal. Hizm. Ltd. ti. entrkler Mh. n. Taah. San. Tur. San. Ve Tic. A.. - Yorum naat A.. KLV naat Taah. Madencilik Tic. ve San. Ltd. ti. - .A.M. Yap San. ve Tic. Ltd. ti. Joint Venture. 6. Trkerler n. Turizm. Madencilik Enerji retim Tic. ve San. A..
The tender process for the Work of Construction Works and the Provision of Products and Services for stanbul kitelli Integrated Health Campus has been started. The qualified bidders due to the result of prequalification evaluation, can access the tender documents from data room. The bids will be received until 15.00 on 12.09.2011.
The pre-qualification tender for the Isparta City Hospital has been Performed.
Pre-Qualification Application list of bidders in order of bid receipt: 1. Assigna Infraestructuras S.A. 2. Yksel n. A.. Yksel Holding A.. Joint Venture 3. Emsa n. Tur. Tic. ve San. A. -
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4. 5.
6.
7. 8.
Forcimsa Empresa Constructora S.A Joint Venture Trkerler n. Tur. Mad. Enerji retim Tic. Ve San. A.. YDA n. San. Ve Tic. A.. INSO Sistemi per Le Infrastrutture Sociali S.P.A. Joint Venture IC ta n. San. Ve Tic. A.. Techint Compagnia Internazionale S.p.A Joint Venture Akfen n.Tur. Ve Tic. A.. Kerem Yap n. Tic. Ve San. Ltd. ti. Silahtarolu n. Nak. Harf. Ve Tic. Ltd. ti. DSERA Tbbi Mal. Loj. San. Ve Tic. A.. Dirim Tp zel Salk rnleri San. Ve Tic. A.. ATLAS Med. Elektronik Paz. Ve Yat. Ltd. ti. EGESOFT Bilgi Tek. San. Ve Tic. Ltd. ti. Teknikmed Med. Lab. rnleri Tbbi Cihazlar ve Med. Malzemeler Tic. Ve San. Ltd. ti. Joint Venture
9. Eser Taah. Ve San. A.. Hammes Co. Healtcare Int. LLC Joint Venture
The world's largest medical complex will be built in the capital of Turkey, Ankara Etlik Health Campus project has been awarded to Italian Astaldi partnership with Turkerler Construction. Turkish-Italian construction effort on campus will be finished in three years by the TurkerlerAstaldi partnership and the concession period will be 25 years. The lowest tender of 319 million pounds ($197 million) a year's rent and gave the Italian Astaldi partnership with the Turkerler Construction. IC Ictas Construction-Dia Holding 321.90 million pounds ($199 million) a year's rent, YDA Construction-INSO System SPA 322.5 million $199.5 million) for the year offered to rent. The 600,000 sq m new construction facility, which is designed using a public private partnership (PPP) model, is the first large-scale project in the Turkish Ministry of Healths reimagination of the public health system. The Etlik medical campus consists of six freestanding hospitals, general hospital, cardiovascular, orthopedics, neurosciences, children's, women's and oncology facilities. Which are connected by a diagnostic and treatment base that share some of its services with the specialty facilities. Process for Yozgat Tender
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entrkler Otomotiv Makine Turizm Gda Elence Salk Hizmetleri Spor Salonu Otopark Kre letmeleri Sanayi Ticaret A.. Joint Venture
US$10bn
municipality officials, thus closing the USD 861 million deal. The income from the transaction will be used for new transportation projects in Istanbul, said Ahmet Selamet, acting Mayor of Istanbul. IDO was put on sale by the municipality in January as part of a larger privatization program that is expected to continue with the gas distribution company IGDAS later this year. The Tepe-Akfen-Souter-Sera joint venture group won the tender for the companys operating rights with a USD 861 million bid. The group aims to improve IDOs maritime transportation services with the addition of new lines and infrastructure upgrades. The company operates 42 vessels of various kinds transporting ferry passengers and cars between 32 destinations in Istanbul and nearby locations.
The sponsors of Turkeys Gebze-Izmir toll road, the worlds largest transport project finance deal, have got financing underway with banks in place to lead the transaction. A starting meeting was held in London, and structuring and documentation roles are to be handed out among the few western banks.
Plants
Mafe naat will build the biggest shopping mall and wellness center in eastern Turkey in Van for 55 million euros. Mafe naat Project Coordinator Erkan Erol said the center will include 43,850 square meters of closed space 137 shops, an eight-screen multiplex, 15 fast food restaurants, three restaurants, a large grocery store and a playground for children. Upon completion, at least 1,500 people will be employed at the shopping mall and wellness center. Shopping mall will be constructed on pekyolu Boulevard in Van, a highway that connects the provinces of Hakkari, Bitlis, Ar, Siirt and rnak and neighboring Iran.
Turkey is set to privatize its electricity generation plants with the exception of some strategic dams. A total of 22 strategic dams installed on international waters will continue to be run by the state, while the remaining will be privatized after being divided into nine separate portfolios. Within the scope of the program, a total of 41 power plants including thermal and hydraulic will be privatized. This represents the total of nearly 13,000 megawatts installed power. According to these figures, the two-thirds of the installed power held by the EA will be transferred to the private sector, within the scope of the privatization process. The Group Law Firm have provided consultancy for the privatization process of EA which has been the biggest privatization deal of Turkey with estimated income of more than $35 billion.
Profitable
The agreement to finalize the privatization of the Istanbul Ferry Lines (IDO), a subsidiary of the Istanbul Metropolitan Municipality, was signed between the winning consortium and
According to the survey, EUAS was the most profitable organization with value of 4 billion 850 million 920 thousands 203 TL in 2010-2009. While Turkish Petroleum Corporation was ranked second with the profit of 1 billion 297 million and 369
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thousands TL. Public Organizations hold the first ranks by landslide on pre-tax profit. TUPRAS was at third place with the profit of 929 million 422 thousands and 37 TL. Ford Automotive was ranked fourth, Philsa Philip Morris Sabanci was ranked the fifth, and Eti Mine was ranked the sixth. Anadolu Efes Brewery was at the seventh place in the list, while Arelik at eigth, Oyak Renault at the ninth, and the Turkish Coal Institute was at the tenth position in the list. Being 4 out of the first 10 organizations the number of the most profitable Public Organization has increased as compare to the list in 2009.
years. Some 600 Turkish firms are currently operating in Turkmenistan. Just last year, Turkish companies won public tenders for $4.5 billion worth of projects in the country. The net worth of projects Turkish entrepreneurs have undertaken in the Central Asian nation since it became independent in 1991 tops $24 billion. Yldz Selling Companies After
Major Investment.
Turkeys Yldz Holding, which owns food giant lker and global chocolate maker Godiva, announced that it would sell shares of some of its companies in a bid to clear up its financial statements. Yldz acquired ok, a former sister company of retailer giant Migros, two weeks ago for 600 million Turkish Liras. The holdings board has decided to sell PNS Pendik Nisata, an amyl producer, for 24.85 million liras; Besler Gda, the largest margarine manufacturing company in the country, for 23.2 million liras; and Salam Real Estate Investment Trust, for 5.4 million liras, a filing by the holdings lker Biskvi to the Istanbul Stock Exchange. Arab Investment in Turkey, Says
The Akfen group is targeting highway and bridge privatizations in Turkey, According to the chairman of Akfen Holding. Akfen Holding, part of the Tepe Akfen-Souther-Sera joint venture that offered the highest bid, at $861 million, for the stanbul Ferry Lines (DO), acquiring it in the final negotiations of the long-planned privatization in early April, is currently the biggest group in privatization deals. Akfen Holding's total payments for privatization in Turkey have surpassed $7 billion, including those of operations in the Port of Mersin and the stanbul, Ankara, zmir and Antalya airports. Turkmen President Meets Turkish
Top Professional.
Kuwait Investment Authority, KIA, Qatar Investment Authority, QIA, and Abu Dabi Investment Authority, ADIA, have planned to make major investments in office blocks, residences, hotels and shopping malls in Turkey. ADIA has more than $600 billion in assets located all over the world. Arab investment in Turkey totaled $10.6 billion at the end of last year, according to Ibrahim S. Dabdoub, chief executive of the National Bank of Kuwait.
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to as high as 150,000 megawatts (MW) in electricity generation. Such potential for wind energy, together with new legislation on the horizon, offers great opportunities for foreign investors interested in expanding into the renewable energy markets of fast-growing economies such as Turkey. Turkey currently has 980 wind energy plants; 200 of them were deployed last year. Only about 2,000 MW were generated by wind farms in operation in Turkey by the end of last year. Vestas Vie With Rivals for Turkey
Nabucco Project.
Turkey is considering the involvement of France in the multi-national Nabucco project amid plans to extend its scope to include a seventh partner. There could be one or more partners to the project, Energy Minister Taner Yldz told to journalists, and after one day five transit countries undersigned project support agreements with Nabucco nternational Company. We will evaluate different proposals as almost every party said we need to be more flexible, said the minister, when asked about the possibility of the French involvement. Turkey blocked French company Gaz de Frances participation in the European Union backed Nabucco project for political reasons. Siemens Mulls Wind Turbine Blade
Firm.
Iraq, eager to supply natural gas to its overburdened power plants, has signed agreements with Korea Gas, Kuwait Energy and the Turkish Petroleum Corporation, or TPAO, to develop two gas fields. The three companies secured rights to develop the Mansouriya field in Iraqs eastern Diyala province, while TPAO and Kuwait Energy won a license for the Siba field in southern Basra province, Oil Minister Abdul Kareem al-Luaibi said. The government awarded rights to both deposits in October, together with a
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license for a third field called Akkas. Speaking at the ceremony, TPAO Chairman Mehmet Uysal said they had undersigned a historic deal. The company is eyeing further contracts in the country. ICCI - 17th International Energy
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Compition Group.
Board
Fines
Bear
competition within the scope of article 4 of the Act No. 4054. An Investigation Has Been
The Competition Board has impose a fine of 8.1 million Turkish Liras to Anadolu Efes for having applied practices that distort competition in final sales points, which is forbidden by a boards decision, after an investigation. The investigation was initiated in July 2010 to inspect whether Anadolu Efes acted in line with the boards decision, which annuls the exemption for exclusive contracts. The board investigated whether Efes Pazarlama, the marketing subsidiary of the group, and the companys distributors had asked sale points to sell beer of no other brand but Efes and/or whether the company had made operations of rival products in sales points difficult. The fine consists of 0.3 percent of Anadolu Efes annual gross income. We will evaluate all our legal rights regarding the [boards] decision, the company announced in a statement Tuesday on the Istanbul bourses website The Investigation Conducted about
Commenced about 10 Undertakings Which Run the Activity of Bosch Dealership in Kayser.
The Competition Board, in its meeting dated 09.06.2011, commenced an investigation about Oflazlar Dayankl Tketim Mallar Tic. San. Ltd. ti, Bamsrl Dayankl Tketim Mamlleri, Teki Ticaret, etinkara Dayankl Tketim Mallar, Yakut Dayankl Tketim Mallar Yakacak naat Taahht ve Turizm San. Tic. Ltd. ti, Ada Dayankl Tketim Mallar San. ve Tic. Ltd. ti, Akka Dayankl Tketim Mallar Tekstil n. Taah. Yakacak rnleri ve Gda Maddeleri Tic. San. Ltd. ti, znar Dayankl Tketim Mallar, Mesa Dayankl Tketim Mallar Tekstil n. Taah. Nak. ve Gda Maddeleri Tic. ve San. Ltd. ti, Hilal Dayankl Tketim Mamlleri Tic. ve San. Ltd. ti. that are engaged in the dealership of Bosch at the center of the province of Kayseri with a view to being able to determine whether they infringe article 4 of the Act No. 4054 by means of applying the same price. "Competition Law Compliance
Anadolu Elektronik Aletler Paz. ve Tic. A.. (Anadolu Eiectronic Instruments Marketing and Trade Inc.) and Samsung Electronics stanbul Paz. ve Tic. Ltd. ti. (Samsung Electronics stanbul Marketing and Trade Co. Ltd.) Has been Completed.
The Decision Was Announced at 14.00 hrs (27.06.2011). The decision of the Board as to the investigation was announced on (27.06.2011) at 14.00 hrs. By Fevzi ZKAN, the Vice-President of the Competition Authority. As a result of the investigation made with a view to determining whether the undertakings cited infringed the Act No. 4054 by means of determining the resale price of their purchasers; it has been decided that an administrative fine of TL 1.066.669,72 be imposed on Anadolu Elektronik Aletler Paz ve Tic. A.. (Anadolu Eiectronic Instruments Marketing and Trade Inc.) and that Samsung Electronics stanbul Paz. ve Tic. Ltd. ti. (Samsung Electronics stanbul Marketing and Trade Co. Ltd.) did not infringe
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those measures are applied in the organization. Prof. Dr. Metin Toprak, has
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The Vodafone Turkey Foundation, or VTF, has launched a new project aiming to remove gender inequality in technology usage. During a meeting in Istanbul, a protocol to reveal the Womens Movement in Technology, which will be the Turkey leg of the global womens program conducted by the Cherie Blair Foundation and the GSMA Development Fund, was signed. The project aims to introduce more women to technological opportunities and to increase their mobile phone usage. Cherie Blair, who is considered an opinion leader in human rights and global womens entrepreneurship, attended the Vodafones meeting. This is an important effort to provide womens usage of technological opportunities, said Blair, speaking at the meeting.
Turkey Led the Highest Economic Growth in the World for the First Quarter this Year. Turkey is Eurasias Rising Tiger. The Wall Street Journal.
With private investments and domestic consumption leading the charge, Turkey claimed the top spot in economic growth worldwide for the first quarter of 2011 with a blistering 11 percent, according to the Turkish Statistics Institute, or TurkStat. At this rate Turkey will surpass $742 billion, its pre-crisis 2008 level of gross domestic product, by the end of the year. The fastest growing sectors in the quarter were wholesale and trade, which boasted a 17.2 growth rate. Construction was another leader at 14.2 percent while the energy, transportation and communication sectors also supported the growth. Argentina and China followed Turkey with rates of 9.9 percent and 9.7 percent.
South African Multinational multimedia company Naspers has entered the Turkish ecommerce market by purchasing 70 percent of Markafoni, the first and leading private shopping club in Turkey, through its subsidiary MIH-Allegro. The company did not release the value of the deal. The acquisition includes the sale of Markafoni Turkey, Markafoni Ukraine and Zizigo, the biggest online shoe store in Turkey. The acquisition is expected to bring dynamism to the Turkish e-commerce market and also facilitate Markafoni's efforts to become a global brand. Markafoni, an online shopping site offering discounts of up to 90 percent on well-known brands in many categories, has approximately 12 million visits per month. Markafoni is currently Turkey's third biggest e commerce company with 3.5 million members. Established in 1915 in Cape Town, Naspers is a leading multinational media group listed on the Johannesburg Stock Exchange (JSE). The group is active in multiple markets such as Internet platforms, pay television and print media.
EIB Funds Development in Turkey. The European Investment Bank (EIB) has allocated a total of EUR 445 million in loans to Turkey in four separate financing deals. According to the agreement between EIB and Turkeys Undersecretariat of Treasury, the financing package will be utilized to support projects on climate change and entrepreneurship. Signed by EIB Vice-President, Mr Matthias Kollatz-Ahnen, Undersecretary of Turkish Treasury, Ibrahim Canakci, Turkiye
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Kalkinma Bankasi (TKB) General Manager, Metin Pehlivan, Turkiye Sinai Kalkinma Bankasi (TSKB) acting General Manager, Orhan Beskok, the EIB loan will be made available through the Undersecretariat of Treasury in favor of the Ministry of Environment, Forestry and Urbanization, the Turkish State Railways (TCDD), and with the Turkish development banks TKB and TKSB. Ibrahim Canakci said that EIB has been a leading international partner of Turkey since the 1960s. Praising EIBs ongoing contribution to Turkeys economic development, Undersecretary Canakci said that the financing deals with the bank proved invaluable in financing major investments in key sectors.
through its subsidiaries in Turkey and Brazil. Ford has invested over USD 400 million in its Inonu plant, which began production in 1981. The investment in the production of the new truck at Ford Otosans Inonu plant will reach USD 75 million.
Two public and one privately-owned Turkish bank made it to the Top 25 list in terms of return on capital in The Banker magazines Top 1,000 World Banks ranking. State-owned Halk Bank and Ziraat Bank ranked 6th and 9th respectively in the most profitable 25 banks of the world, while private Garanti Bank secured the 22nd place. The data from the ranking reveal that the majority of the most profitable banking institutions are from the emerging countries with Turkey, China and Indonesia being top performers. The three Turkish banks combined capital-to-asset ratio of 7.6 percent is strikingly high in comparison with the average 5.35 percent, said the editorial.
Dati Investment Holding has invested $94 million for the restoration of the oldest shopping center in Istanbul, a hotel and the marina in the Ataky district of Istanbul. Having acquired the areas marina, hotel and mall complex for $200 million in 2004 through privatization, Dati has invested nearly $60 million in a luxury hotel with 255 rooms located in Ataky belonging to the Sheraton Hotel chain, said Gkhan Kran, board chairman of the company. The group has also invested $17 million for the construction of 20 luxury residences and 100 shops in the Ataky Marina which has a capacity for 700 yachts. Istanbuls first shopping mall, the 23- year-old Galleria, has gone through an extensive restoration with a total investment of $17 million. Nearly 3,000 square meters of indoor space have been added to the mall, which has reached a total size of 44,500 square meters. Hilton Launches Cheap Hotel
Turkeys Ford Otosan plans to export Ford Cargo model vehicles to 65 countries all over the world. Already an exporter of light commercial vehicles and Transit model vans. Ford Motor Company and Koc Holding JV now aims to grab a share of the heavy truck markets of countries in Eastern Europe, the Middle East, Russia, Central Asia and North Africa. Ford was the first company to manufacture trucks in Turkey, said Ford Otosans General Manager Nuri Otay about the companys first venture into heavy commercial vehicle production in 1960. Ford handed over its global truck business to Iveco in 1986 and is now seeking to re-enter the market
Ideas.
Angel Investment, a group famous for contributing to the emergence and success of companies such as Facebook and Apple, is
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now in Turkey to help entrepreneurs get off the ground, according to a local association head. Turkish entrepreneurs who plan big businesses but lack resources will be able to find financing through the newly founded Business Angel Association Turkey, or TBAA, according to the body. The group has intermediated in financing totaling $26 billion for 270,000 investors in the United States and 4 billion euros for 75,000 investors in the European Union in the past. 2011 3rd Waste IWES
neighborhood, Ulus neighborhood and Aegean province of zmir. VII. CONTACTS: Phonne : +90(212) 211 66 11 Fax : +90(212) 211 55 75 Address : Pekinta Plaza Kat: 9 Buyukdere Caddesi No: 32 34394-00 Mecidiyekoy Istanbul/ TURKEY E-mail : info@GroupLaw.com.tr Website : www.GroupLaw.com.tr Disclaimer : This newsletter has been prepared for
informational purpose only; It has neither prarpered for advertising purpose nor with the intention of creating an attorney-client relationship. None of the information contained in this legal newsletter shall constitute legal advice or anything correlated thereto.
Hospital
The top executive of the Medical Park said they have the potential to secure a 10 percent share in the countrys health tourism industry. The group targets to total $40 million in health tourism revenue this year with new hospital investments, aiming to increase this figure to $500 million in the next five years. If the issue is taken seriously, some $5 billion can be earned in the countrys health tourism in the next five years, Muharrem Usta, board chairman of Medical Park said, speaking during a press meeting. As Medical Park, we may get 10 percent of this total amount. One of the leading private hospital groups with its 17 hospitals, Medical Group aims to expand its patient segment with new hospital investments in Acarkent, a luxury site in Istanbuls Beykoz
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