Limak Holding A.S. is a Turkish conglomerate, with major interests in construction, energy, cement, and tourism. Its assets include the Limak Cement and Limak Energy companies and the Limak Tourism Group. In 2022, it had around $2.5 billion revenue from construction. Limak was launched in 1976 by Sezai Bacaksız and

Nihat Özdemir Nihat Özdemir (born 5 April 1950) is a Turkish business man, owner of Limak holding and former president of the Turkish Football Federation. He was the Deputy President and Press Spokesman for Turkey, Turkish Süper Lig football club Fenerbahçe ...

, with Özdemir focussing on cement and energy while Bacaksız focussed on airports and tourism.

Recent history

In 2013, Limak Holding was part of a joint venture which won the EUR22bn contract to construct a third international airport in

Istanbul Istanbul is the List of largest cities and towns in Turkey, largest city in Turkey, constituting the country's economic, cultural, and historical heart. With Demographics of Istanbul, a population over , it is home to 18% of the Demographics ...

. The group had previously been part of a joint venture which in 2007 won a 20-year concession to operate

Sabiha Gökçen International Airport Istanbul Sabiha Gökçen International Airport is the secondary international airport serving Istanbul, Turkey. Located southeast of the city centre, Sabiha Gökçen Airport is in the Asian part of the transcontinental city and serves as the o ...

, and in 2007, together with French firm Aéroport de Lyon, won the concession tender for

Pristina International Airport Adem Jashari The Prishtina International Airport Adem Jashari (), also referred to as Pristina International Airport (, ), is an international airport in Pristina, Kosovo. The airport is located southwest of the capital city of Pristina. The airport has flig ...

. In 2013, it was part of a joint venture which acquired the daily newspaper ''

Akşam ''Akşam'' (''Evening'') is a Turkish newspaper founded in 1918, owned by Zeki Yeşildağ's Türk Medya Grup (T Medya Yatırım San. ve Tic. AŞ.) since 2013. In 2013 it had a circulation of around 100,000. History ''Akşams founders in 1918 inc ...

'', together with TV channel

Sky Turk 360 360 is a privately owned free-to-air television channel in Turkey. History The channel was initially named Skytürk, from June 2002 until January 2012. On January 23, 2012, the name of the channel was changed to "Skytürk 360". On December 3 ...

and radio station Alem FM, for TL60m. In 2013

was among the 41 suspects who were issued arrest orders in the second corruption probe. Prosecutors also appear to be targeting construction companies involved in some of the government’s showpiece infrastructure projects. Those named in media reports included Nihat Ozdemir, head of Limak Group, part of a consortium that won the €22 billion tender to build Istanbul’s third airport». In 2011 Özdemir and Bacaksız were listed as billionaires by ''

Forbes ''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...

''. Via IC İçtaş Energy it is part owner with IC Holding of two

coal-fired power stations in Turkey Coal is a combustible black or brownish-black sedimentary rock, formed as rock strata called coal seams. Coal is mostly carbon with variable amounts of other Chemical element, elements, chiefly hydrogen, sulfur, oxygen, and nitrogen. Coal i ...

, Kemeköy power station and

Yeniköy power station Yeniköy power station is a 420 MW List of coal fired power stations in Turkey, coal-fired power station in Turkey in Yeniköy, Muğla built in the late 20th century, which burns lignite mined locally. The plant is owned by Limak- IC İçtaş and ...

Climate TRACE Climate TRACE (Tracking Real-Time Atmospheric Carbon Emissions) is an independent group which monitors and publishes greenhouse gas emissions. It launched in 2021 before COP26, and improves monitoring, reporting and verification (MRV) of both ...

estimates IC İçtaş Energy’s coal-fired power stations emitted over 5 million tons of the country's total 730 million tons of greenhouse gas in 2022, and it has been put on the

Urgewald Urgewald is a group that researches coal companies, because they are among the top contributors to greenhouse gas emissions and so cause climate change Present-day climate change includes both global warming—the ongoing increase i ...

Global Coal Exit List. Within the scope of the 'Our Love, Our Energy is with You' project, which was started in 2021, the company provided food and water aid to stray animals that had difficulty in finding food due to the cold weather in the winter months.

References

External links

Official Website
{{- Conglomerate companies of Turkey Construction and civil engineering companies of Turkey Holding companies of Turkey Companies based in Ankara Conglomerate companies established in 1976 Construction and civil engineering companies established in 1976 Turkish companies established in 1976 Coal companies of Turkey