Turkish Companies Provide 90,000 Jobs on Six Continents

Nineteen Turkish companies provide 90,000 jobs on six continents. Turkish companies not only survived the crisis that has affected the entire world, but they have also managed to secure roles as global players. Nineteen groups abroad have established 396 firms on six different continents totaling 31 billion dollars in worth, employing 90,000 and raking in 15 billion dollars in revenue.

The 2010 Emerging Markets Global Players (EMGP) report, prepared by Kadir Has University Foreign Economic Relations Committee (DEİK), New York Columbia University Vale Center Columbia (VCC) and KPMG, has been released.

According to the report, 19 Turkish companies qualify as having over 100 million dollars in endorsement. With a combined worth of 31 billion dollars as of 2009, they operate with an international sales volume of 15 billion dollars and 90,000 employees.

These companies operate in six different continents and have 396 shareholders, the breakdown of which is 277 from Europe, 69 from Africa and the Middle East, 25 from South and North America and 25 from Asia and Australia.

IN 2005, INTERNATIONAL REACH WAS AT ONE BILLION

According to the report, up until 2005, Turkish companies’ foreign investments remained under one billion dollars. It was from this year on that Turkish companies began focusing on international investments. While the global economic crisis has resulted in the postponing of some Turkish companies’ foreign investments, a significant drop in stock or employment was not witnessed. In 2009, investments were realized at 1.5 billion dollars, whereas the year prior, the figure was at 2.5 billion dollars. Despite this 40 percent drop due to the crisis, firms continued to establish future investment strategies.

SEVENTY-SEVEN PERCENT IS IN EUROPE

The geographical spread of international investments made by holdings are as follows, 77 percent in Europe, 11 percent in the Middle East and Africa, six percent in America and six percent in Asia.

Eighty-three percent of investments in infrastructure have taken place in the Middle East and Africa with 17 percent of investments realized in Asia. While investments in the communications sector were solely conducted in Europe, 50 percent of investments in petrol and natural gas were made in Europe, with the remaining 50 percent in the United States. Ninety percent of investments in the glass industry were made in Europe with just ten percent spread between the Middle East and Africa. All investments in energy were done in America and investments in the food and beverages and textile sectors were entirely directed towards Europe.
Sabancı and Çalık are amongst the list…

According to the findings, the following companies are listed as being the 19 Turkish companies to have the highest global presence. The list is as follows; Sabancı Holding, Doğuş Grubu, Enka İnşaat, Turkcell, Çalık Holding, Turkish Petroleum Corporation, Koç Holding, Şişecam, Tekfen Holding, Doğan Holding, Alarko Grubu, TAV Holding, Zorlu Enerji, Orhan Holding, Eczacıbaşı Holding, Borusan Holding, Yıldız Holding, Eroğlu Holding and Çelebi Holding.

01.02.2011 18:18

SOURCE: SABAHENGLISH.COM