This article contains the largest Russian investment projects implemented in the territory of the Republic of Turkey.
The total volume of Russian investments in Turkey is approaching $ 40 billion.
Top-8: LLC "Omsktekhuglerod"
In 2014, Omsk Carbon Group, the largest producer of carbon black in the Russian Federation and the CIS, opened its own sales office and a logistics center in Istanbul. The favorable geographical location of the warehouse network allowed the company to increase supplies to the Turkish and Middle East markets.
Top 7: Production of GAZelle cars
Since 2014, a joint production of the Russian holding GAZ Group and the Turkish company MersaOtomotiv has been launched on the territory of the Turkish province of Sakarya. The company assembles GAZelle BUSINESS and GAZelle NEXT vehicles, and only a part of the components is purchased from local suppliers. The investment project is estimated at $ 15 million.
Top 6: JSC Power Machines
The Russian power engineering company Power Machines has successfully completed a number of orders for the hydroelectric power plants modernization in Turkey. In particular, in 2008, the delivery and installation of electromechanical equipment at the Torul HPP was completed. The contract amount exceeded $ 15 million. In 2017, three more hydroelectric units were commissioned at the Kygy HPP.
Top 5: "Akpet"
In 2008, the Russian oil company PJSC Lukoil entered the Turkish market. It owns the Turkish petrol station operator Akpet, which controls over 600 petrol stations throughout the country. The initial amount of the deal was $ 555 million, and to date, the total capital investments of PJSC Lukoil in Turkey have exceeded $ 1 billion.
Top 4: "MMK Metalurji"
In 2010, at two production sites - in Iskenderun and Istanbul, PJSC Magnitogorsk Iron and Steel Works launched the production of rolled metal. There is also a seaport on the territory of the MMK Metalurji complex in Iskenderun. By the end of 2020, MMK Metalurji showed good operating and financial results, increasing sales by 2.8% to 741 thousand tonnes. The total investment of PJSC MMK in assets in the Turkish market amounted to about $ 2.2 billion.
Top 3: Acquisition of a stake in Turkcell
In 2005, Alfa Group acquired a $ 1.7 billion stake in Turkey's largest mobile operator Turkcell. After a long conflict of shareholders with the Turkish holding Chukurova, the investment company LetterOne, created by the owners of Alfa Group, passed to direct ownership of Turkcell shares and increased its stake. The total amount of the deal is estimated at $ 3 billion.
Top 2: Turkish Stream Gas Pipeline
The construction of the Turkish Stream gas pipeline began in 2016, and on January 8, 2020, the opening ceremony took place. Turkish Stream is a technologically unique project consisting of two lines with a total capacity of 31.5 billion cubic meters, intended for gas supplies to Turkey and the countries of Southern and Southeastern Europe. PJSC Gazprom has estimated the volume of capital investments at $ 7 billion.
Top-1: Akkuyu NPP
Nuclear energy is one of the most important areas of Russian-Turkish cooperation. In 2017, in the territory of the Mersin province, the foundation was poured for the Akkuyu NPP - the world's first NPP construction project based on the BOO model (“build-own-operate”). Within the framework of the project, 4 power units with a capacity of 1200 MW each will be built. The start-up of the first unit of the nuclear power plant is scheduled for 2023. The total investment in the project will amount to $ 22 billion.