Turkish firm leaves its mark on Olympics
Güncelleme Tarihi:
Anatolia News Agency
Oluşturulma Tarihi: Mayıs 25, 2009 00:00
SOCHI, Russia - Turkey’s Hazinedaroğlu Construction Group is building the new Winter Olympics facilities in Sochi, Russia. Despite the negative effects of the global crisis on Russia, the Turkish firm continues its business as usual, Chairman Turan Hazinedaroğlu says
Preparations for the 2014 Winter Olympic in Sochi, Russia, continue despite the effects of the global crisis. As Russia looks to make Sochi a winter sports center similar to Switzerland’s Davos, the Turkish construction firm Hazinedaroğlu is making its mark on the region.
The company has received $1 billion-worth of business, while it has completed $500 million-worth of business in Sochi. Projects that stopped due to the crisis are anticipated to start again. Chairman Turan Hazinedaroğlu said the company started its business in Russia with the reconstruction of an extrusion facility as a subcontractor to the company Agrisovgaz in Maloyaroslavets.
Agrisovgaz expected the subcontractor to complete the business in question in a very short period of time, Hazinedaroğlu said. The employees worked hard, getting only two or three hours of sleep every night, thus the company completed the business within six months. Hazinedaroğlu said that after this project, the company started to work with Gazprom and Yukos on new infrastructure projects. Thanks to more rapid work, the company now enjoys "good relations" with Gazprom, Hazinedaroğlu said.
On Gazprom’s offer, Hazinedaroğlu has started to build the infrastructure of the Blue Stream natural gas pipeline. "While constructing Blue Stream, we have faced baseless accusations," Hazinedaroğlu said. "But today the importance of the project is obvious for us, as the country is considering a second pipeline."
The chairman added that Hazinedaroğlu lost $16 million in the Blue Stream project. "Because of the accusations that we have faced during this project, our company lost a lot of money. We have evaluated the period and found that we can strengthen our budget by only returning to the Russian market."
Calling for investments
Hazinedaroğlu noted that Russia is deeply affected by the global crisis. "Before the crisis, we were working with 600 employees. After the crisis, as the firm that we worked with halted one of the projects, the number of our employees declined to 560."
Hazinedaroğlu added that Russia would come through this crisis sooner or later. "People should come and make investments here. Russia will be one of the countries which will return to its [glorious] past."
"Turkey is supporting businesspeople that are doing business in foreign countries. However, we should see the support of the banks also," he said."Between 1993 and 1998, we did business worth $350 million. Now, with the new business, this figure almost reaches $1 billion," Hazinedaroğlu said. "Here we have constructed a hotel, a villa, an apartment and a gas line from Adler to the Krasnaya Polyana area. We will also take part in the renovation and expansion of this line. In the Winter Olympics area we built a rope railway line and a skiing field. This area will become a tourism center."
Hazinedaroğlu constructed a 702,000 square-meter service building, another 975,000 square-meter service building, a 7,700 square-meter mountain guesthouse and 67,8-hectare ski field in the framework of the Winter Olympics facilities.
The company has received $1 billion-worth of business, while it has completed $500 million-worth of business in Sochi. Projects that stopped due to the crisis are anticipated to start again. Chairman Turan Hazinedaroğlu said the company started its business in Russia with the reconstruction of an extrusion facility as a subcontractor to the company Agrisovgaz in Maloyaroslavets.
Agrisovgaz expected the subcontractor to complete the business in question in a very short period of time, Hazinedaroğlu said. The employees worked hard, getting only two or three hours of sleep every night, thus the company completed the business within six months. Hazinedaroğlu said that after this project, the company started to work with Gazprom and Yukos on new infrastructure projects. Thanks to more rapid work, the company now enjoys "good relations" with Gazprom, Hazinedaroğlu said.
On Gazprom’s offer, Hazinedaroğlu has started to build the infrastructure of the Blue Stream natural gas pipeline. "While constructing Blue Stream, we have faced baseless accusations," Hazinedaroğlu said. "But today the importance of the project is obvious for us, as the country is considering a second pipeline."
The chairman added that Hazinedaroğlu lost $16 million in the Blue Stream project. "Because of the accusations that we have faced during this project, our company lost a lot of money. We have evaluated the period and found that we can strengthen our budget by only returning to the Russian market."
Calling for investments
Hazinedaroğlu noted that Russia is deeply affected by the global crisis. "Before the crisis, we were working with 600 employees. After the crisis, as the firm that we worked with halted one of the projects, the number of our employees declined to 560."
Hazinedaroğlu added that Russia would come through this crisis sooner or later. "People should come and make investments here. Russia will be one of the countries which will return to its [glorious] past."
"Turkey is supporting businesspeople that are doing business in foreign countries. However, we should see the support of the banks also," he said."Between 1993 and 1998, we did business worth $350 million. Now, with the new business, this figure almost reaches $1 billion," Hazinedaroğlu said. "Here we have constructed a hotel, a villa, an apartment and a gas line from Adler to the Krasnaya Polyana area. We will also take part in the renovation and expansion of this line. In the Winter Olympics area we built a rope railway line and a skiing field. This area will become a tourism center."
Hazinedaroğlu constructed a 702,000 square-meter service building, another 975,000 square-meter service building, a 7,700 square-meter mountain guesthouse and 67,8-hectare ski field in the framework of the Winter Olympics facilities.