Cengiz Holding is distinguishing itself through its innovative and environmentally sound methods of production. Ahmet Cengiz, the Energy Group President, has announced plans to ramp up investments in advanced technology and R&D. By 2025, there will be a strong emphasis on renewable energy projects, demonstrating a commitment to expanding green energy solutions across sectors including industry, energy, and construction.
Expansion in Global Ventures
Ahmet Cengiz elaborated on the corporation's global growth strategy. The initial target is completing the natural gas combined cycle plant in Uzbekistan. Cengiz Holding is also significantly involved in infrastructure projects in Bosnia and Herzegovina, Croatia, and Romania. With Cengiz Construction at the forefront, these projects symbolize the company's expansive role in infrastructure development.
Commitment to Sustainability
Cengiz Holding is dedicated to implementing zero waste management in all operations, with an aim to cut water and carbon footprints significantly below the European average. Their ambition to attain net zero carbon by 2053 is pivotal, with environmentally friendly production practices leading the charge. Additionally, their involvement in social responsibility initiatives underscores sustainability as a foundational principle.
Anticipations for the Coming Years
Progress in Mining
Despite metals market volatility, Cengiz Holding has met its mining objectives. In the energy domain, it has secured licensing for storage projects and kickstarted new initiatives.
Strategic Response to Electricity Prices
As electricity prices fall, Cengiz Holding is crafting strategies to adapt and thrive. These plans ensure flexibility and sustained achievement in a dynamic market landscape.
Cengiz Holding's Storied Journey
Established in 1980 by Mehmet Cengiz, Cengiz Holding started its journey in construction and has expanded into diverse areas such as energy, mining, tourism, infrastructure, aviation, and insurance. By 2013, it was ranked 127th globally by Engineering News Record Magazine, marking its entry into media ventures as well.
Diverse Sector Engagement
Cengiz Holding has a significant presence in a wide range of industries:
Construction: Cengiz Construction.
Energy: Cengiz Energy, Boğaziçi Electricity Distribution.
Mining: Eti Bakır and Eti Aluminum Facilities.
Tourism: Bodrumbir Tourism Investment.
Aviation: Cengiz Aviation.
Insurance: Cengizler Insurance Brokerage.
Operations: Ankara High-Speed Train Station and Istanbul New Airport operations.