British IKAR Holdings, intends to invest 1 Billion Turkish Lira in the Turkish energy sector

London, United Kingdom Aug 23, 2023

(MENAFN- Ikar holdings) London based Ikar Holdings, a multi-tiered entrepreneurial group of companies, has announced today that that it is intending to invest 1 Billion Turkish liras into the energy sector in Türkiye!

The group’s leadership is looking back to decades of experience in the energy sector ranging from production to distribution and trading.

Within the last 10 years the energy sector in Türkiye has developed in an outstanding way and it took a leading role in Europe by transforming its energy dependency from other countries into a local majority production through renewable energy production.

“Although the Turkish economy is currently facing major challenges we believe in the market and its growth potential. The appointment of Mr. Mehmet Simsek as new Finance Minister was a significant move to give confidence to international investors, due to his extraordinary experience and knowledge in the international finance markets. That said we want to participate with our group in this interesting environment and decided to look into promising investments”, said Mario Diel, Group Chairman and CEO of IKAR Holdings, London.

Sertan Aycicek, the Group President of IKAR Holdings added: “As a Turkish citizen and former executive of major Turkish Holdings, I am excited by the decision of our group. What will start first with our interests in the energy sector will be later expanded across various other sector companies of our group. We want to be at the front of new investors from abroad not only to achieve profitable business but also in order to support the Turkish economy!”

About IKAR Holdings

IKAR Holdings is a multi-tiered, London-based, highly entrepreneurialgroup of some 40 companies across a spectrum of key sectors and geographies, reinforced by a network of external partnerships; and driven by a leadership that combines senior business executives with already highly successful individual track records with the expertise of senior political and public sector leaders.

IKAR Holdings manages the IKAR group of companies and leads the coordination, development, and growth strategies of the various enterprises, investments, services, and innovations.

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