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ESTABLISHMENT:
Doğu Investment Holding has been established in 1996 and its head office is in Istanbul. The Holding aims at taking concrete steps to gaining perspectives to the vitality and improvement of economy across the nation by means of social and economic facts, findings and analyses.
Objective
Adding a stone to the economic development and energizing the social and commercial activities in Turkey will enable and help grading up and sustainability of living conditions. Therefore, Doğu Investment Holding has set specific goals and concrete principles in the light of scientific research to achieve this ultimate objective.
Goals
• To expand the employment opportunities by making use of resources in the region and re-channelizing the operations and investments of the local-origin businessmen of to the region. To transform the region into a center of attraction in terms of local and foreign investors and pioneer them via realizing certain exemplary investment projects.
• To extend and boost the regional local market and increase the marketing capabilities for exports from the region by means creating project of higher practicality and feasibility, and improving the investment conditions across the country in the major sectors. To train the regional entrepreneurs on the issues they are in need of by making associations with data and conclusions of scientific studies and surveys and the probable projects. To motivate and encourage the local people by the investments put into practice and offering tangible opportunities.
General Principals
Doğu Investment Holding Inc. (DIH) has determined its fundamental principles to stick by to reach these goals as below:
• To develop and perform labor-intensive projects oriented at making use of local sources of the country.
• To enhance the domestic market and transfer resources to the region. To attach particular importance to agro-industries.
• To exert efforts for creating an environment that will raise up the business and investment opportunities of the country and will direct the potential investors to the region.
Project Principles
The principles to be taken as basis for projects and investments which will be undertaken and materialized by the Doğu Investment Holding within this main frame can be stated as follows:
• The project must definitely and under any circumstance be executed in cooperation and collaboration among the public institutions, local authorities, all interested professional bodies and nongovernmental organizations.
• Investments of Doğu Investment Holding will strictly be put into practice in the Eastern provinces of Turkey, and industries having raw materials that can be supplied from region will be promoted and encouraged.
• Doğu Investment Holding will not make an investment depending entirely on its equities unless necessary. The projects to be created and investments to be realized will be open to any type of investor and entrepreneur; and extensive participation from the local people will be encouraged. While the headquarters of the Doğu Investment Holding is seated in Istanbul, the head offices of companies to be established for investing in the region will be the respective provinces where the investments to be made. Local investments will be supported by joining the projects with less-risk capital, beneficial to the region and transferring its capital share once the business develops.
• Agricultural production will be promoted through the “Contracted Farmer and Producer” method; agriculture-based industrial enterprises will be established and thus people of the region will be guided to working and opening businesses in their regions.
• Contributions will be provided to the projects, unfinished investments and idle facilities with suitable feasibility reports and which are coherent. Any and all investment projects to be realized with the participation Doğu Investment Holding will comply with the modern conditions and respect the laws and code of conduct; be a leader and model for the related sectors in all aspects.
Duties and Responsibilities
The following are the duties and responsibilities assumed by the DIH within its corporate identity formed on the basis of its philosophy, goal and principles:
• To identify the problems adversely affecting the investments and business life across the country and to find solutions for them.
• To ensure a collection of legislation that will make investments attractive is enacted.
• To search for and study on business opportunities and potential investment areas in Turkey and prepare fit-for-purpose investment projects.
• To search the products having a market in the world and incentivize production oriented at global demand.
• To increase the export opportunities of the country by cooperating with the Turkish entrepreneurs across the world.
• To promote the potential fields of investment notably to the foreign investors.
• To ensure that any type of training including vocational courses is given to address to the need for knowledge of local entrepreneurs, farmers and labor force.
CHRONOLOGY OF PROJECTS, ESTABLISHMENT AND INVESTMENT WORKS OF DOĞU INVESTMENT HOLDING
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NOVEMBER 1995
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Preparations for research project started.
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FEBRUARY 1996
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Survey of emigrant places was initiated.
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MAY 1996
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The Research Report was released to the public.
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JULY 1996
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DIH Project presented to businessmen and establishment procedures initiated.
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AUGUST 1996
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Works and studies on probable investment projects started, and meetings and talks initiated with local and foreign investors.
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NOVEMBER 1996
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Official establishment procedures completed.
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DECEMBER 1996
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DIH officially established by 69 partners and with a share capital of 345 billion Turkish Liras. Interest of notably foreign investors started to increase.
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JANUARY 1997
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Feasibility studies for 5 investment projects prepared: processed good, ammunition, poultry, water, hotel and tourism.
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FEBRUARY 1997
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Preliminary surveys on 27 subjects as potential investment projects completed. Investment incentive certificates obtained for 4 projects. Food, ammunition, poultry, and water. 25 decares of land purchased at the Industrial Organized Zone in Diyarbakir.
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MARCH 1997
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Reports on 27 probable investment projects prepared. Preparations for establishment of investment companies almost completed: Poultry, Water, Processed Food, Construction and Tourism.
DIH Office opened in Istanbul.
DIH Diyarbakir Poultry Inc. opened a closed poultry facility in Diyarbakir. At the first stage, 5 million dollars allocated for this project of 15-million-dollar investment cost.
Greenhouse section of GAP Processed Food Facilities opened (The name GAP is the acronym of the Southeastern Anatolia Project). A land for factory of 150 decares purchased. The productions have started in a greenhouse of 12,000 m2 as the first unit.
Initiatives for a 4-star, 600-bed hotel in Kars-Sarikamis launched. Steps for the issue taken before the Ministry of Tourism and Office of Sanliurfa Governor.
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APRIL 1997
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DIH GAP Office of Regional Coordinator opened in Sanliurfa.
For Tree Plantation Project, test productions started with seedlings purchased from Australia in Sanliurfa and Diyarbakir.
Studies on an investment project about garden and ornamental plants together with Italian businessmen.
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MAY 1997
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Works on finding a suitable land for the 4-star, 250-bed hotel project in Sanliurfa.
First chickens of Diyarbakir Poultry Co. introduced to the market with employment of 80 personnel and daily slaughtering of 2000 pieces, and further chicken coops kept by residents of villages in the vicinity contracted for chickens. Works on establishment of GAP Spring Water Bottling Facility in Diyarbakir completed.
Preliminary studies on Tableland Tourism and Wooden Houses in the Eastern Black Sea completed and wooden prefabricated houses and tourism project in the region on the verge of start. Production facilities will be established for raw timber plate, window-door, roof and their assembly in the Eastern Black Sea cities to build 5-6 prefabricated wooden houses as model initially probably together with a foreign company. DIH will cooperate with the Emlak Bank for this project to extend low-interest 5-year-term home credits.
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JUNE 1997
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Feasibility studies on Garden and Ornamental Plants Projects completed and investment incentive certificate obtained. The investment works of project is scheduled to finish by the end of year. Approval for Ammunition Project obtained from the Undersecretariat for Defense Industries and investment preparation studies initiated.
An agreement was concluded with a Canadian company on co-investment to establish the Doğu Karadeniz Ahşap Yapı Sistemleri Şirketi [Dogu Karadeniz Wooden Construction Systems Co. Ltd.] projected in order to promote wooden buildings in the Eastern Black Sea, to bring in a new industry to the region and increase the employment opportunities. Tea factories currently being idle will be used; minimum 1000 houses will be produced each year by the Canadian technology and export will start in the next few years.
Works and initiatives to find the necessary lands and buildings sped up for the investments in Sanliurfa and Diyarbakir.
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JULY 1997
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Avusturyalılarla Doğu Karadeniz Bölgesi´nde Yayla Turizminin geliştirilmesine dönük bir yatırım ve turizm pazarlama şirketi kurulması konusunda görüşmelere başlandı. Diyarbakırdaki GAP Kaynak Suyu Şişeleme Tesisinin yatırım hazırlık çalışmaları tamamlandı ve tesis inşatı aşamasına geçildi.
Talks an meetings started with the Australian businessmen to establish an investment and tourism marketing company oriented at developing Tableland Tourism in the Black Sea Region. Investment preparation works of GAP Spring Water Bottling Facility in Diyarbakir completed and facility construction stage initiated.
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1998 and Afterwards
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Breeder hen, brooder and feed factory of GAP Poultry Inc. will be open and utilization of 3 million capacity per year will be ensured by putting into commission all the poultry farms across the GAP region.
GAP Spring Water Facilities will bottle the idle and unused spring water potential of Diyarbakir with a capacity of 5000 bottles/hour. The capacity will be doubled within one year and new facilities will be established in the surrounding provinces.
Two high standard hotels will be opened; one in Diyarbakir and one in Sanliurfa; meanwhile, a Winter Resort Center of Switzerland style will be established in the city of Sarikamis. GAP Işlenmiş Gıda A.Ş. [GAP Processed Food Inc.] will realize an integrated project from the cropland to the export and thus thousands of farmers will have jobs by means of contracted farming method. Furthermore, works on receiving a loan of 15 million dollars from the European Investment Bank for processed food and poultry projects will be completed and the investments will thus be realized.
Moreover, wastes from vegetable will be used as animal feed, which will result in developing raising dairy cattle. Feeds produced as 200 tons per hour will be distributed to the villagers and the villagers in turn will sell the milk they produce to the holding. DIH will start exporting the Caucasian and Middle East countries by the end of the year.
Touristic organizations will be held to attract 10,000 tourists every year to the GAP, Eastern Black Sea and Eastern Anatolia regions. Stores of 5,000 m2 to 10,000 m2 will be built to facilitate the purchase and sale for those dealing with border trade once the Free Trade Zones are established in the cities of Igdir and Habur.
If approvals for applications filed to purchase the agricultural equipment factory in Sanliurfa are obtained from the Agricultural Equipment Authority and the Ministry of Agriculture; wide range of agricultural tools primarily being greenhouse materials and technological irrigation materials; factory equipment and other various machineries and tools needed in the region will be manufactured in cooperation with an Israeli company. The investment incentive certificate has been obtained with respect to manufacture of cartridge and ammunition, and the Undersecretariat for Defense Industries has granted the necessary permit for the investment. The subject investment will be realized within the province of Erzurum.
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