Cengiz Holding’s $5 Million Donation to AFAD
Cengiz Holding, led by Mehmet Cengiz, has generously donated $5 million to the Disaster and Emergency Management Authority (AFAD). This substantial contribution aims to assist those affected by Turkey's recent severe wildfires and the flood disaster in the Western Black Sea region. This act of charity underscores Cengiz Holding's dedication to supporting recovery efforts and helping impacted communities.
Cengiz Holding’s Statement
Cengiz Holding released a statement detailing their $5 million donation to AFAD, an organization known for its disaster response since 2009, covering earthquakes, fires, and floods. The holding company emphasized its continued support for communities facing such catastrophes and reiterated its commitment to aiding recovery and rehabilitation through ongoing contributions.
History of Cengiz Holding
Founded by Mehmet Cengiz in 1980, Cengiz Holding started in the construction sector. It has since diversified into energy, mining, tourism, infrastructure, aviation, and insurance. Noteworthy, in 2013, the Engineering News Record ranked Cengiz İnşaat A.Ş as the 127th largest global company. That same year, Cengiz Holding expanded into media by acquiring several outlets through a TMSF auction.
Sectoral Activities
Cengiz Holding operates across various sectors. Here is a closer look at their diversified activities:
Construction
Cengiz İnşaat (1987-): The flagship subsidiary known for handling major projects.
Energy
Cengiz Enerji (2000-): Engages in various energy projects.
Cengiz Elektrik Wholesale
Samgaz Natural Gas
SelçukGaz Natural Gas
Boğaziçi Elektrik Dağıtım
Meram Elektrik Dağıtım
Çamlıbel Elektrik Dağıtım
Akdeniz Elektrik Dağıtım
Kalehan Enerji
Cenal Elektrik
Mining
Eti Bakır Küre Facilities (2004-)
Eti Bakır Samsun Facilities (2004-)
Eti Alüminyum Facilities (2005-)
Murgul Copper Facilities (2006-)
Halıköy Antimony Facilities (2007-)
Eti Bakır Mazıdağı Facilities (2013-)
Eti Bakır Lahanos Facility (2014-)
Şirvan Madenköy Copper Facilities (2017-)
Tourism
Bodrumbir Tourism Investment
Aviation
Cengiz Aviation (2006-)
Insurance
Cengizler Insurance Brokerage Services (1998-)
Operations
Ankara High-Speed Train Station Operation (2016-)
Istanbul New Airport Operation
Frequently Asked Questions
Why did Cengiz Holding donate to AFAD?
Cengiz Holding’s $5 million donation to AFAD is aimed at supporting citizens affected by the recent wildfires and the flood disaster in the Western Black Sea region of Turkey. This substantial contribution enables AFAD to enhance recovery efforts, providing swift disaster response and sustained rehabilitation for those in need.
Which sectors does Cengiz Holding operate in?
Cengiz Holding is active in numerous sectors. In the construction sector, they handle large-scale projects through Cengiz İnşaat A.Ş. Their energy sector services encompass companies like Cengiz Enerji and Boğaziçi Elektrik Dağıtım. The conglomerate's mining operations are managed through facilities such as Eti Bakır and Eti Alüminyum. Moreover, they partake in tourism via Bodrumbir Tourism Investment, and also have interests in aviation, insurance, and significant operations like managing the Ankara High-Speed Train Station and Istanbul New Airport.
Most Frequently Asked
What motivated Cengiz Holding to provide a $5 million donation to AFAD?
Cengiz Holding was motivated to donate $5 million to the Disaster and Emergency Management Authority (AFAD) to support recovery efforts for those affected by severe wildfires and the flood disaster in Turkey's Western Black Sea region. This act of generosity aligns with the company's commitment to community support and rehabilitation. By aiding AFAD, renowned for its effective disaster response, Cengiz Holding ensures that relief and recovery operations reach a greater number of affected individuals swiftly and efficiently.
What are the historical milestones of Cengiz Holding?
Cengiz Holding, founded in 1980 by Mehmet Cengiz, initially entered the construction sector and has since evolved into various industries including energy, mining, tourism, infrastructure, aviation, and insurance. A major milestone was in 2013 when Cengiz İnşaat A.Ş was recognized as the 127th largest company globally by Engineering News Record. That same year, Cengiz Holding expanded into media by acquiring several outlets through a TMSF auction. This growth and diversification underscore its dynamic and adaptive business strategy over the years.
How does Cengiz Holding ensure support in multiple sectors?
Cengiz Holding ensures support and significant contributions across multiple sectors through its diversified portfolio. In the construction sector, Cengiz İnşaat handles large-scale projects, while its energy activities include a variety of companies focused on electricity distribution and natural gas. The conglomerate also invests in mining with facilities like Eti Bakır and Eti Alüminyum. Additionally, they have expanded into tourism with Bodrumbir Tourism Investment, aviation with Cengiz Aviation, and insurance through Cengizler Insurance Brokerage Services, ensuring a robust presence in each sector they operate in.