Page 11 - World Of Nurol Magazine-27

rate of 80% and it is targeted to make it ready for negative effects of the political factors. Conjuncture of
water retention at the end of 2017. As to Ordu Beltway Turkey affects our other domestic activities, especially
Project, planned to be completed at the end of the year, tourism.
constructions reached the initial estimated amount as
of 2015 and estimate increase of 20% was granted by Targets of 2017 will be laid down following the budget
the Contracting Authority. meetings which are planned to be held in the last quarter
of 2016. However, our strategic targets and growth
Nurol Machinery, FNSS and Nurol Technology companies strategies abroad will aim to increase the number of
turned our Group into the biggest Holding in the countries we are working with. Especially, we aim to
defense industry too with entirely domestic and unique obtain infrastructure projects in the field of construction
system design and construction. A new contract was and commitment, main expertise areas of the Group,
concluded between Undersecretary of Defense Industry and the new projects and business opportunities in the
and Nurol Machinery for provision of 180 pieces EJDER field of defense industry. In this regard, Sub-Saharan
YALCIN 4x4, the best armored tactical vehicles of its Africa Region, mainly Ghana and Benin, has been chosen
class and another contract was signed between the as the target geography.
Undersecretary and FNSS for provision of 260 pieces
weapons carrier vehicles of tracked and wheel type. We are currently passing through a period characterized
with some national challenges in addition to the global
In the real estate sector, Nurol GYO combines office political and social developments. When efforts of
concept and residence comfort in city center Mecidiyekoy jeopardizing future of Turkey have been eliminated
with Nurol Tower project while recording new successes by our Nation, I would like to emphasize that we, as
in this sector with Nurol Life project which provides Nurol Family, will continue serving to our country by
a luxury residence life just near Turk Telekom Arena performing large-scale projects within and beyond
Stadium and lastly with Nurol Park project which meets territories of Turkey without making any concession
all requirements of metropolis life in Basin Expres and regarding democracy, freedom, equality, justice and rule
opens the first Designer Outlet of Turkey. of law.

TUMAD Company which offers services in the mining, I wish you all peace.
the latest sector of our Group, aims to perform precious
metal mining activities with high economic return in line
with the international mining criteria, by observing EU
environmental norms and using hi-tech machinery and
equipment. Gold and silver production will be achieved
under Canakkale Lapseki and Balikesir Ivrindi projects,
developed within this framework, and feasibility works
were completed and investment phase was launched in
these projects. Uğur DOĞAN
CEO
Other developments achieved by our Group in the
first half of 2016 and details of the projects above are
available in our Magazine.

2016 performance of Nurol Group is ongoing with
acceptable deviations from the total budget targets in
the strategically focused sectors of the Group despite