Saudi-based ALJ set to invest USD 1 billion in Türkiye

Hürriyet Daily News - Saudi Arabia-based ALJ group is planning a USD 1 billion investment in Türkiye after inspections in the energy, tourism and real estate sectors. ALJ currently distributes Toyota cars in Türkiye and plans to consolidate all its local businesses under one holding.

“We’ve always put Türkiye at the center of our targets and have worked with this in mind. We have slowly begun to reach the level of investment in Türkiye that we had been dreaming of,” said ALJ Holding Chairman and Chief Executive Officer (CEO) Ali Haydar Bozkurt.

Bozkurt explained that ALJ’s current operations in Türkiye will continue under the ALJ Holding umbrella and that there are now 300 employees working at the holding, but this number will soon increase. ALJ’s investments in Türkiye to date have reached a quarter of a billion dollars and its existing operations provide ALJ with about USD 1 billion in annual turnover.

“Our goal in the next 10 years is to increase our investments in Türkiye by threefold,” he added. ALJ plans to invest in the construction, tourism, energy, real estate, mining, food and foreign trade sectors, and the company has analyzed all the different sectors with the aid of global consulting firms seeking areas of opportunity.

Bozkurt said ALJ is interested in making Türkiye a hub to export value-added products abroad.
Türkiye; Saudi investments Türkiye; alj group; Toyota Türkiye