July 21, 2017
BASEAK and Dentons teams advised TACA Construction in relation to the contract signed with the Djibouti Ports and Free Zone Authority for the construction of a 5-star hotel in Djibouti.
TACA Construction is one of the leading Turkish construction companies and its roots trace back to the formative years of the Turkish Republic where the company’s foundations were laid by the efforts of Mr. Sait (Akkurt), grandfather of the present owner and chairman Tayyar Akkurt. The company delivered various major projects ranging from hotels and shopping malls to hospitals and congress centres in Turkey, Russia, Saudi Arabia, Turkmenistan, Serbia and Libya.
Tayyar Akkurt said to the press that “I believe Djibouti’s strategic importance will only increase given its position as one of the safest harbours in Europe-Asia axis and the pending opening of the Trans-Africa Railway. The hotel we will be building represents our first investment in Djibouti. TACA will manage all aspects ranging from design to construction.”
BASEAK and Dentons teams were led by partner Doğan Eymirlioğlu and Ian McGrath.
About Balcıoğlu Selçuk Akman Keki
Balcıoğlu Selçuk Akman Keki Attorney Partnership is an Istanbul-based full service law firm with a team of 75-plus lawyers and economists. Our practice focuses on a wide range of areas including real estate, corporate, mergers and acquisitions, banking, project finance, capital markets, competition and anti-trust, employment, litigation and arbitration, telecommunication, regulatory and public law and intellectual property. We represent and advise Turkish and multinational clients, including Fortune 500 companies, in the banking and finance, private equity, real estate, manufacturing, hospitality and leisure, retail, automotive, energy, information technology, life sciences, luxury fashion and beauty, and media sectors.