Qatari HBK takes over Turkey's Ankas

Published 19.04.2017 23:59

The weight of Qatari investors is increasing in almost every sector in Turkey, from finance to health and from food to defense. Turkey stands out among the countries in which Qatar has invested in heavily.

Qatar's total investments abroad are $324 billion, led by France with $35 billion, the U.K. with $30 billion and Germany with $20 billion. The fourth highest investment made by Qatar under the leadership of the public is Turkey with $19 billion.

Among these another company has been added to Qatar's capital, which has recently come to the fore with Banvit. Hamad Bin Khalid (HBK) Contracting, one of the most important construction companies in Qatar, has decided to cooperate with Ankara's Ankas, according to the Turkish daily Dünya.

According to the newspaper, the parties are waiting for the approvals required for the share purchase and shortly after that they will come to the table for the formal applications.

Ankas, which provides services in the fields of construction, infrastructure, superstructure and engineering, has undertaken accomplished projects such as irrigation structures, tunnels, irrigation canals, sewer lines, waste water treatment plants, main distribution lines and systems, retaining structures and land reclamation.

The purchasing firm HBK, on the other hand, is the most important company in the region. Founded in 1970, HBK has more than 7,000 employees and the owner of the company is Hamad bin Khalid Al Thani, one of the most important figures in the emirate family.

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