DOGANLAR HOLDING TO INVEST USD 50M THIS YEAR

Operating in the furniture, retail, energy, and construction sectors, Doganlar Holding aims to be among the top 50 groups in Turkey with a USD 50m investment this year when it celebrates its 50th anniversary. The holding company is also prepared for an initial public offering (IPO) in 2023. “Our furniture group plans to launch 100-120 stores at home and 15-20 stores abroad. Doganlar Holding’s D’Afric furniture factory in Senegal will soon start production with the Biga brand. We plan to start another project in Africa in 2022,” said Dogan Ali Dogan, Executive Board Member and Construction Group Vice President of Doganlar Holding. The holding company’s construction subsidiary Dogyap will launch its Yenibosna Urban Transformation Project in Istanbul in 2022. “This year, we plan to deliver the Oksijen Evleri project which we began to sell in 2021,” said Dogan.