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Power 60 Power 60 2016

#4 TAV Group

TAV Construction is a member of the TAV Group, founded in 1997 when two leading Turkish conglomerates, Tepe Group and Akfen Holding teamed up to bid on (and be awarded) the BOT contract for the new Istanbul Ataturk Airport. The immediate aim of the company was to pursue the first airport in Turkey to be developed under privatisation with the BOT model. Meanwhile, the broader vision was to branch out into airport construction, financing, operations and related consulting and management services in the global arena.

Since then TAV Construction has worked on 16 airport projects in the MEA region with a total project value to date of more than $17bn and 30,000 employees. Currently the company is engaged in various global projects such as construction of Abu Dhabi Airport Midfield Terminal Complex in United Arab Emirates, Riyadh King Khaled Airport Terminal 5 in Saudi Arabia, Jeddah King Abdulaziz Airport Aircraft Maintenance Hangars, and Muscat Airport Infrastructure Works in Oman.

In January of this year TAV was awarded the new terminal construction tender for Bahrain International under a JV with Arabtec. The project is valued at $1.1bn and is the largest construction project won by a Turkish company in Bahrain. Boasting a built-up area of 220,000sqm, the new state-of-the-art terminal will increase from current yearly capacity of 4 million to 14 million passengers. The terminal is planned to be completed in 51 months and has been designed to meet LEED Gold criteria.

TAV’s non-aviation projects include Marina 101, Dubai; DAMAC Towers by Paramount; Emaar Square, Istanbul; Sulafa Tower, Dubai.

Projects:

»Istanbul Ataturk Airport
»Prince Mohammad Bin Abdulaziz Airport
»Marina 101, Dubai
»DAMAC Towers by Paramount
»Emaar Square Istanbul

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