Limak Holding

Istanbul's new airport does not need additional financing and Turkish Airlines will not be a partner in the airport consortium, the chairman of airport shareholder Limak Holding told Reuters.

Bulgaria has extended the deadline for submitting bids to run Sofia airport for a second time, to Jan. 29, after numerous requests for clarification about the concession contract, a transport ministry spokesman said on Wednesday, reports Rueters.

Construction of Istanbul’s new airport photographed from above

Limak Holding Chair Nihat Özdemir has complained about the lack of mid-level staff at a time when unemployment rate in Turkey is running high.

Turkey's Limak has said it became a partner in a $570 million (34 billion rubles) worth highway construction project in the Russian city of Ufa. 

The Turkish Limak Holding and its Kuwaiti partner, Al-Kharafi International, laid the foundation stone for a $4.3 billion airport terminal project - the largest tender won abroad in a single package by Turkish contractors - with a ceremony in the Gulf country on May 9.

Many leading tourism investments and five-star hotels, located on 2.3 million square meters of land, have been transferred from Turkey's state treasury to the newly introduced Turkish Wealth Fund as well as a number of leading public companies and lenders. 

Making even a small step in Africa provides a big change as the emerging continent still needs infrastructure and superstructure investments, the head of Turkish group Limak Yatirim Holding told Anadolu Agency on Nov. 16.

Ebru Özdemir, chair of Limak Investment - an investment arm of Limak Group Companies - said the firm would like to be part of Africa's development process.        

Bulgaria has extended for a second time the deadline to submit offers for the concession the government seeks to grant on Sofia Airport, the country's biggest airport.

Candidates can now send their offers before December 15, upon a decision approved on the last workday before the November 06 presidential elections, which was Friday, November 04.

Turkish Limak Holding, Russian VTB Capital and Swiss Flughafen Zuerich will bid jointly for the rights to operate Sofia Airport for 35 years, reported Reuters.

In September, Bulgaria extended the deadline for the tender offers by one month until November 18 due to increased interest in the tender.