Cengiz Holding’s $5 Million Donation to AFAD
Cengiz Holding, representing Mehmet Cengiz, has contributed $5 million to the Disaster and Emergency Management Authority (AFAD). This donation is aimed at assisting citizens affected by the severe wildfires in Turkey and the flood disaster in the Western Black Sea region. Their aim is to aid recovery efforts and support those impacted by these disasters. Cengiz Holding's significant contribution underscores their commitment to community recovery.
Cengiz Holding’s Statement
Cengiz Holding's statement highlights that the $5 million donation to AFAD, an organization active since 2009 in responding to disasters like earthquakes, fires, and floods, is intended to support ongoing recovery efforts. The holding company emphasizes its continuous support for communities affected by such disasters and reiterates its commitment to aiding rehabilitation efforts through continued contributions.
History of Cengiz Holding
Founded in 1980 by Mehmet Cengiz, Cengiz Holding initially entered the construction sector. Over the years, the conglomerate expanded its operations to include energy, mining, tourism, infrastructure, aviation, and insurance. In 2013, Cengiz İnşaat A.Ş was recognized as the 127th largest company globally by Engineering News Record. During the same year, following a TMSF auction, Cengiz Holding acquired several media outlets.
Sectoral Activities
Cengiz Holding’s diversified activities span multiple sectors. Here's a detailed look into each area of operation:
Construction
Cengiz İnşaat (1987-): The flagship construction subsidiary, involved in 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 aims to support citizens impacted by the wildfires and flood disasters in the Western Black Sea region of Turkey. This donation is intended to assist recovery efforts by allowing AFAD, known for its swift disaster response, to reach more affected individuals and sustain its recovery work.
Which sectors does Cengiz Holding operate in?
Cengiz Holding operates across a wide array of sectors. In the construction sector, it undertakes large-scale projects through Cengiz İnşaat A.Ş. In the energy sector, it provides services via companies like Cengiz Enerji and Boğaziçi Elektrik Dağıtım. Its mining operations include facilities like Eti Bakır and Eti Alüminyum. The conglomerate is also involved in tourism through Bodrumbir Tourism Investment, as well as in aviation, insurance, and several operations, like managing the Ankara High-Speed Train Station and Istanbul New Airport.
Most Frequently Asked
Why did Cengiz Holding choose to donate $5 million?
Cengiz Holding decided to donate $5 million to AFAD to aid citizens affected by Turkey’s wildfires and the flood disaster in the Western Black Sea region. This substantial contribution is aimed at supporting post-disaster recovery efforts, providing relief to those in need, and helping heal the wounds of the affected communities. Recognizing AFAD’s effectiveness in responding to disasters, Cengiz Holding's donation ensures that more people receive timely and effective assistance.
What is the significance of AFAD in disaster recovery?
AFAD, the Disaster and Emergency Management Authority, has been crucial in disaster recovery efforts in Turkey since its establishment in 2009. Known for its swift and effective response, AFAD has managed numerous crises, including earthquakes, wildfires, and floods. The organization is adept at coordinating rescue operations, providing emergency relief, and implementing long-term recovery strategies. Cengiz Holding’s donation enhances AFAD’s capacity to reach more victims and continue its essential work in mitigating the impact of disasters.
How has Cengiz Holding diversified its operations since its founding?
Since its establishment in 1980, Cengiz Holding has expanded its operations beyond the initial focus on the construction sector to other vital industries. The conglomerate now has a significant footprint in energy, mining, tourism, infrastructure, aviation, and insurance. This diversification has included notable projects like Cengiz İnşaat in construction, multiple energy distribution companies, Eti Bakır and Eti Alüminyum in mining, and investments in tourism and aviation. Their multi-sectoral approach has strengthened their market position and allowed them to contribute effectively to various economic areas.