Albayrak Group

Albayrak Group is a Turkish multinational conglomerate company based in Istanbul, Turkey. For the first three decades it was a construction company, but since 1982 it has expanded into other sectors, including transport and logistics, waste management, and media.[1] It acquired the Yeni Şafak newspaper in 1997.[1]

Albayrak Group
TypePrivate
Industryconstruction, waste management, transport and logistics, media
Founded1952[1]
FounderSadık Albayrak
Headquarters
Zeytinburnu, Istanbul
,
Turkey
Revenue$1 billion (2008)[2]
Number of employees
10,000[3]
Websitewww.albayrak.com.tr

The group has been contracted by the government multiple times because of its close ties with AK Parti.[4] It is also active internationally and has done construction of Lahore Metro Bus and is currently managing Mogadishu Port in Somalia and Conakry port in Guinea.[5][6]

History

The company was founded in 1952 by Ahmet Albayrak, and until his death in 2010 was run by him and his six sons.[3][7][8] Nuri Albayrak was a partner at Yeni Şafak until he became President of Trabzonspor.[7] Mustafa Albayrak is Yeni Şafak's CEO.[9]

The shareholders of company include Ahmet Albayrak, Nuri Albayrak, Bayram Albayrak, Kazım Albayrak, Muzaffer Albayrak, and Mustafa Albayrak.[10]

Subsidiaries

Newspaper

Television channels

Online outlets

References
  1. Albayrak, History Archived 2013-04-20 at the Wayback Machine
  2. "Albayrak Media Group".
  3. Albayrak, ALBAYRAK GROUP celebrates its 60th anniversary
  4. "Albayrak Media Group".
  5. "Albayrak Media Group".
  6. "Albayrak Group's scandals in Guinea lay bare shady ties to Turkey's Erdogan - Nordic Monitor".
  7. YENİ ŞAFAK/medyafaresi.com, 30 April 2008, "Yeni Şafak işsiz gazeteciler için bir liman!!!" En sessiz medya patronu ilk kez konuştu!
  8. Samanyolu Haber, 30 November 2010, Albayrak Holding'in kurucusu Hacı Ahmet Albayrak vefat etti
  9. Haberturk, 17 June 2012, "Hedef Tayyip Erdoğan'dı"
  10. "Albayrak Media Group".
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