#Real Estate Investment in Turkey | Explore Tumblr Posts and Blogs

Visit Blog

Explore Tumblr blogs with no restrictions, modern design and the best experience.

Fun Fact

Tumblr’s website traffic is steadily declining.

#Real Estate Investment in Turkey

istanbulpropertygorkem · 1 year

Text

What Are The Advantages Of Buying a Commercial Property in Bursa?

Lower cost of living and tax advantages compared to other major cities in Turkey.

Strategic location on the Sea of Marmara with easy access to Istanbul, the largest city and economic center of Turkey.

Bursa is a center for business and trade, making it a desirable location for commercial organizations.

Government-funded infrastructure developments enhance opportunities for businesses to grow and increase the value of commercial property.

Bursa is an industrial hub with a diverse range of industries, offering the potential for business partnerships and collaborations.

The city has a rich cultural heritage and is a popular tourist destination, attracting visitors and boosting the local economy.

Commercial property values in Bursa are expected to appreciate due to increasing demand and limited supply.

Investment in a commercial property in Bursa qualifies the investor for Turkish citizenship through the country's Citizenship by Investment Program. More information can be found at Commercial Property for Sale in Bursa

#real estate #turkey #property #investment in turkey #istanbul property #real estate in turkey #istanbul real estate #istanbul

8 notes · View notes

luxury-signature · 6 months

Text

Luxury Signature Real Estate Istanbul specializes in luxury properties in Istanbul, providing comprehensive services from property search to post-purchase support, focused on customer satisfaction and building lasting relationships.

#apartments for sale in istanbul #luxury apartments in istanbul #luxury apartments for sale in istanbul #luxury villa for sale in istanbul #villas for sale in istanbul #real estate #real estate investing #investment #turkey #business

4 notes · View notes

in-sightpublishing · 2 months

Text

Hawala: Hamas’s Private Banking

Publisher: In-Sight Publishing Publisher Founding: March 1, 2014 Web Domain: http://www.in-sightpublishing.com Location: Fort Langley, Township of Langley, British Columbia, Canada Journal: In-Sight: Independent Interview-Based Journal Journal Founding: August 2, 2012 Frequency: Three (3) Times Per Year Review Status: Non-Peer-Reviewed Access: Electronic/Digital & Open Access Fees:…

View On WordPress

0 notes

aimfarmland · 10 months

Text

agricultural investment opportunities

At AIM, we provide investors with the opportunity to invest in farmland in Turkish cities and earn profitable returns. We have a team of experienced professionals who provide comprehensive support to ensure that investors are able to make the most out of their agricultural investments. Our team provides assistance to investors on various aspects, such as identifying the best agricultural investment opportunities and scaling them to earn maximum profits.

#farm real estate investment #agriculture investment company in turkey

0 notes

denizaslani · 1 year

Text

Get Citizenship in Turkey, Get Citizenship in Turkey, Turkish Citizenship by Investment, Property Lawyer in Izmir, Real Estate Lawyer in Izmir, Citizenship Lawyer in izmir, residence permit lawyer in izmir, citizenship in izmir with 400.000 dollars, Citizenship in Turkey

#citizenshipinturkey #Get Citizenship in Turkey #Turkish Citizenship by Investment #Property Lawyer in Izmir #Real Estate Lawyer in Izmir #Citizenship Lawyer in izmir #residence permit lawyer in izmir #citizenship in izmir with 400.000 dollars #Citizenship in Turkey

1 note · View note

aimfarmlands · 1 year

Text

Farm Real Estate Investing - AIM Farmlands

Due to increased consumer demand and disposable income, Turkey's food sector industry has been steadily growing in recent years. Agriculture historically has always been a stable investment, and the country provides incentives for those who wish to invest; these incentives include government-advantageous regulations, taxing systems, and investment incentives. Currently, at our company, AIM Farmlands, we provide you with the Farm Real Estate Investing opportunity to invest in farmlands, with exciting projects in Manisa and Antalya.

#Is Farmland a Good Investment #Farm Real Estate Investing #Buy Agricultural Property in Turkey #Invest in Turkey #Real Estate Properties near Me #Agricultural Land for Sale in Turkey

1 note · View note

istanbulpropertygorkem · 1 year

Text

Things to Consider While Buying Property in Tuzla

Tuzla, the county of Istanbul, is a residential area located on the Asian side. The district has a surface area of 123 km2, consisting of seventeen neighborhoods with a population of 273,608 people.

Tuzla is not only a residential area but also a popular location for summer houses in Istanbul. The things to consider while buying property in Tuzla are as follows.

Identify your Requirements: Figure out what you need and want from a house while buying property in Tuzla. Identifying your requirements for a residential project and its features will result in a hassle-free buying process.

Investment Growth: Most of the residential complexes in Tuzla have excellent investment returns and good rental incomes.

Research Projects: Tuzla has a variety of real estate projects ranging from duplex apartments to modern flats. While purchasing property in Tuzla, it is best to conduct comprehensive research to find the ideal home that meets your needs.

Costs: Purchasing a home in Tuzla, Istanbul comes with additional costs. Knowing these costs before purchasing a property in Tuzla will make the entire process easier and less stressful.

Real Estate Agency: While buying property in Tuzla, it is crucial to pick a trustworthy real estate agent. The agency should be reliable and capable of guiding you in finding the perfect home. A stress-free property buying process is also guaranteed by the right agent. For more details: Property for Sale in Tuzla, Istanbul

#real estate #turkey #istanbul property #property #investment in turkey #istanbul #luxury #real estate in turkey #istanbul real estate

3 notes · View notes

zvaigzdelasas · 5 months

Text

Clean energy contributed a record 11.4tn yuan ($1.6tn [USD]) to China’s economy in 2023, accounting for all of the growth in investment and a larger share of economic growth than any other sector. The new sector-by-sector analysis for Carbon Brief, based on official figures, industry data and analyst reports, illustrates the huge surge in investment in Chinese clean energy last year – in particular, the so-called ��new three” industries of solar power, electric vehicles (EVs) and batteries. Solar power, along with manufacturing capacity for solar panels, EVs and batteries, were the main focus of China’s clean-energy investments in 2023, the analysis shows.[...]

Clean-energy investment rose 40% year-on-year to 6.3tn yuan ($890bn), with the growth accounting for all of the investment growth across the Chinese economy in 2023.

China’s $890bn investment in clean-energy sectors is almost as large as total global investments in fossil fuel supply in 2023 – and similar to the GDP of Switzerland or Turkey.

Including the value of production, clean-energy sectors contributed 11.4tn yuan ($1.6tn) to the Chinese economy in 2023, up 30% year-on-year.

Clean-energy sectors, as a result, were the largest driver of China’ economic growth overall, accounting for 40% of the expansion of GDP in 2023.[...]

The surge in clean-energy investment comes as China’s real-estate sector shrank for the second year in a row. This shift positions the clean-energy industry as a key part not only of China’s energy and climate efforts, but also of its broader economic and industrial policy.[...]

The growing importance of these new industries gives China a significant economic stake in the global transition to clean-energy technologies.[...]

In total, clean energy made up 13% of the huge volume of investment in fixed assets in China in 2023, up from 9% a year earlier.[...]

The major role that clean energy played in boosting growth in 2023 means the industry is now a key part of China’s wider economic and industrial development.[...]

Solar was the largest contributor to growth in China’s clean-technology economy in 2023. It recorded growth worth a combined 1tn yuan of new investment, goods and services, as its value grew from 1.5tn yuan in 2022 to 2.5tn yuan in 2023, an increase of 63% year-on-year. While China has dominated the manufacturing and installations of solar panels for years, the growth of the industry in 2023 was unprecedented.[...]

An estimated 200GW was added across the country during 2023 as a whole, more than doubling from the record of 87GW set in 2022[...]

China experienced a significant increase in solar product exports in 2023. It exported 56GW of solar wafers, 32GW of cells and 178GW of modules in the first 10 months of the year, up 90%, 72% and 34% year-on-year respectively [...] However, due to falling costs, the export value of these solar products only increased by 3%.

Within the overall export growth there were notable increases in China’s solar exports to countries along the “belt and road”, to southeast Asian nations and to several African countries.[...]

China installed 41GW of wind power capacity in the first 11 months of 2023, an increase of 84% year-on-year in new additions. Some 60GW of onshore wind alone was due to be added across 2023[...]

In addition, offshore wind capacity increased by 6GW across the whole of 2023.[...]

By the end of 2023, the first batch of “clean-energy bases” were expected to have been connected to the grid, contributing to the growth of onshore wind power, particularly in regions such as Inner Mongolia and other northwestern provinces. The second and third batches of clean-energy bases are set to continue driving the growth in onshore wind installations. The market is also being driven by the “repowering” of older windfarms, supported by central government policies promoting the model of replacing smaller, older turbines with larger ones.[...]

Despite technological advancements reducing costs, increases in raw material prices have resulted in lower profit margins compared to the solar industry[...]

China’s production of electric vehicles grew 36% year-on-year in 2023 to reach 9.6m units, a notable 32% of all vehicles produced in the country. The vast majority of [B]EVs produced in China are sold domestically, with sales growing strongly despite the phase-out of purchase subsidies announced in 2020 and completed at the end of 2022.[...]

Sales of [B]EVs made in China reached 9.5m units in 2023, a 38% year-on-year increase. Of this total, 8.3m were sold domestically, accounting for one-third of Chinese vehicle sales overall, while 1.2m [B]EVs were exported, a 78% year-on-year increase.[...]

China’s EV market is highly competitive, with at least 94 brands offering more than 300 models. Domestic brands account for 81% of the EV market, with BYD, Wuling, Chery, Changan and GAC among the top players.[...]

The analysis assumes that EVs accounted for all of the growth in investment in vehicle manufacturing capacity [...] while investment in conventional vehicles was stable[...]

Meanwhile, EV charging infrastructure is expanding rapidly, enabling the growth of the EV market. In 2022, more than 80% of the downtown areas of “first-tier” cities – megacities such as Beijing, Shanghai and Guangzhou – had installed charging stations, while 65% of the highway service zones nationwide provided charging points.

More than 3m new charging points were put into service during 2023, including 0.93m public and 2.45m private chargers. The accumulated total by November 2023 reached 8.6m charging points.[...]

China is rapidly scaling up electricity storage capacity. This has the potential to significantly reduce China’s reliance on coal- and gas-fired power plants to meet peaks in electricity demand and to facilitate the integration of larger amounts of variable wind and solar power into the grid. The construction of pumped hydro storage capacity increased dramatically in the last year, with capacity under construction reaching 167GW, up from 120GW a year earlier.[...]

Data from Global Energy Monitor identifies another 250GW in pre-construction stages, indicating that there is potential for the current surge in capacity to continue.

Construction of new battery manufacturing capacity was another major driver of investments, estimated at 0.3tn [yuan].[...]

Investment in electrolysers for “green” hydrogen production almost doubled year-on-year in 2023, reaching approximately 90bn yuan, based on estimates for the first half of the year from SWS Research. [...]

China’s ministry of transportation reported that investment in railway construction increased 7% in January–November 2023, implying investment of 0.8tn for the full year. This includes major investments in both passenger and freight transport. Investment in roads fell slightly, while investment in railways overall grew by 22%. The share of freight volumes transported by rail in China has increased from 7.8% in 2017 to 9.2% in 2021, thanks to the rapid development of the railway network. In 2022, some 155,000km of rail lines were in operation, of which 42,000km were high-speed. This is up from 146,000km of which 38,000km were high-speed in 2020.[...]

In 2023, 10 nuclear power units were approved in China, exceeding the anticipated rate of 6-8 units per year set by the China Nuclear Energy Association in 2020 for the second year in a row. There are 77 nuclear power units that are currently operating or under construction in China, the second-largest total in the world. The total yearly investment in 2023 was estimated for this analysis at 87bn yuan, an increase of 45% year-on-year[...]

State Grid, the government-owned operator that runs the majority of the country’s electricity transmission network, has a target to raise inter-provincial power transmission capacity to 300GW by 2025 and 370GW by 2030, from 230GW in 2021. These plans play a major role in enabling the development of clean energy bases in western China. China Electricity Council reported investments in electricity transmission at 0.5tn yuan in 2023, up 8% on year – just ahead of the level targeted by State Grid.[...]

China’s reliance on the clean-technology sectors to drive growth and achieve key economic targets boosts their economic and political importance. It could also support an accelerated energy transition. The massive investment in clean technology manufacturing capacity and exports last year means that China has a major stake in the success of clean energy in the rest of the world and in building up export markets. For example, China’s lead climate negotiator Su Wei recently highlighted that the goal of tripling renewable energy capacity globally, agreed in the COP28 UN climate summit in December, is a major benefit to China’s new energy industry. This will likely also mean that China’s efforts to finance and develop clean energy projects overseas will intensify.

Globally, China’s unprecedented clean-energy manufacturing boom has pushed down prices, with the cost of solar panels falling 42% year-on-year – a dramatic drop even compared to the historical average of around 17% per year, while battery prices fell by an even steeper 50%. This, in turn, has encouraged much faster take-up of clean-energy technologies.[...]

The clean-technology investment boom has provided a new lease of life to China’s investment-led economic model. There are new clean-energy technologies where there is scope for expansion, such as [Hydrogen] electrolysers.

Mind-blowing is the only word for it rly [25 Jan 24]

122 notes · View notes

aslanattorney · 10 months

Text

Real Estate Power How Investing in Turkey Might Lead to Citizenship

An alluring prospect for foreigners seeking citizenship through real estate investment has been created in Turkey. Individuals can obtain Turkish citizenship by fulfilling particular requirements, which opens up a variety of advantages and opportunities. The procedure and benefits of gaining Turkish citizenship real estate will be covered in this blog, opening the door to a new life in this culturally varied and wealthy nation.

Programme for Citizenship via Investment:

The Turkish government has implemented Citizenship by Investment, which enables foreign persons to acquire Turkish citizenship by investing in real estate. Immigrants can gain Turkish citizenship for themselves and their families by achieving the investment threshold and other conditions.

Requirements for Real Estate Investment

Individuals must spend a minimum sum in Turkish real estate to be qualified for citizenship. Government rules influence the investment threshold, which can be changed over time. To ensure the current regulations are followed, speaking with experts or authorised representatives is crucial.

Real Estate Investment Possibilities in Turkey:

The Turkish real estate market provides various investment opportunities, including residential properties, commercial structures, and land development initiatives. Real estate investments are popular in Istanbul, Antalya, and Bodrum since these cities provide a variety of residences to suit all interests and price ranges.

Cultural and lifestyle advantages

Turkey draws immigrants due to its vibrant culture, long history, and way of life. One may experience the country's peculiar combination of Eastern and Western influences, fantastic cuisine, historical sites, and the warm friendliness of its people by obtaining Turkish citizenship. The Immigrants become Turkey citizens by investing on property in the beautiful nation.

Professional Assistance:

The path from real estate investment to Turkish citizenship may be complicated. Consult with certified agents or specialists specialising in immigration and real estate difficulties. They could simplify the application process, ensure the law is followed, and provide helpful information.

Conclusion:

Immigrants seeking a new start in a country with a vibrant economy and a rich culture may use the potential of obtaining Turkey citizenship by real estate investment. Through its Citizenship by Investment Programme, Turkey entices people to adopt Turkish citizenship and take advantage of its benefits. By investing in Turkish real estate, immigrants may have a place to call home and opportunities for personal and professional development. Turkey's warm attitude, rich cultural past, and favourable location make it an alluring option for those seeking to embark on a new life as citizens.VISIT ORIGINAL POST :- https://aslanattorney.blogspot.com/2023/07/real-estate-power-how-investing-in.html

#Turkey citizenship by real estate investment

0 notes

beardedmrbean · 5 months

Text

It seems a long way from the misery of Gaza's shattered buildings. Situated a short walk from the Golden Horn, an estuary of the Bosphorus in bustling Istanbul, AG Plaza boasts terraces, pools and commercial space, and is designed to attract tech companies that want to benefit from the city's Commerce University campus.

Yet the two places are indeed linked. The glistening project in Turkey's cultural capital was built by a company controlled by what the U.S. Treasury Department describes as "Hamas elements."

The AG Plaza in Istanbul is just one example of how, according to the U.S. Treasury Department, It reveals extensive new links between companies and individuals that the U.S. says are funding Hamas operations.

By examining business records and cross-referencing them with the sanctions lists, Newsweek's investigation shows how Hamas is using some of its key personnel to set up such companies around the Middle East and elsewhere to run its financial empire—often in places where, one expert said, it may find tacit approval for such operations. They include businesses in the United Arab Emirates, Turkey, Algeria, Saudi Arabia and Sudan, and may even reveal how the group is expanding into Western Europe.

It also illustrates that while the unprecedented aerial and ground assault on Gaza, which Israel says is necessary to ensure Hamas' destruction, may paralyze the militant group there, it seems unlikely to stop the flow of funds from abroad.

This task—cutting off Hamas funding at source—appears to have become an urgent priority for the Biden administration, which on January 5 announced it is offering a reward of up to $10 million for information that could dismantle the group's economic foundations.

The Rewards for Justice Program aims to disrupt the broader network that sustains Hamas, including targeting any source of revenue, major donors, financial facilitators and financial institutions that facilitate transactions for the group.

The program also focuses on businesses or investments owned or controlled by Hamas or its financiers, as well as front companies engaged in procuring dual-use technology and criminal schemes that financially benefit the organization.

The program reflects the difficulty of targeting such funding. Hamas' web of interconnected companies, which has also enriched senior Hamas figures to a degree unimaginable for the ordinary people of Gaza, is remarkable in its size and complexity.

Newsweek found that one Yemeni business administrator is the joint owner of Hamas' UAE property company, which owned an office block worth $150 million; is the co-founder of a Hamas-linked, publicly traded Turkish construction company; owns 20 percent of a Hamas front company in Saudi Arabia; and is on the board of another Hamas-linked Sudanese company. Separately, company records show an accountant from the West Bank is central to four major construction and real estate companies in three countries: Turkey, Sudan and Saudi Arabia.

The network appears to be growing. A wealthy Sudanese businessman who had close ties to Osama bin Laden, the late Al-Qaeda leader, and who is described by the U.S. Treasury Department as a "Hamas financier," set up a Hamas-linked company in Spain last December, corporate filings show.

In a press release on May 24, 2022, the U.S. Treasury Department estimated that the Hamas-linked construction empire was worth $500 million in total and said that a publicly traded Turkish company—the same company that developed the AG Plaza in Istanbul—was 75 percent-owned by Hamas-connected members in 2018. It alleged that the same company planned to secret away $15 million in shares for senior Hamas figures that same year.

The U.S. placed companies and executives on its Hamas sanctions list in 2022 and during three rounds of sanctions imposed on Hamas after the October 7 attack on Israel. That attack killed around 1,200 people, and militants took some 250 others hostage, the Associated Press reported. As of January 9, 2024, Israel's air, ground and sea assault in Gaza had killed more than 22,400 people, two-thirds of them women and children, the AP said, citing the Hamas-run Gaza Health Ministry. The offensive has devastated large parts of the Gaza Strip, displaced nearly 85 percent of its population of 2.3 million, and left a quarter of its residents facing starvation, according to the United Nations.

"In addition to the funds Hamas receives from Iran, its global portfolio of investments generates vast sums of revenue through its assets, estimated to be worth hundreds of millions of dollars, with companies operating in Sudan, Algeria, Türkiye, the United Arab Emirates, and other countries," the U.S. Treasury said in a statement when it updated its Hamas sanctions list on October 18, 2023.

"The companies in Hamas' portfolio have operated under the guise of legitimate businesses and their representatives have attempted to conceal Hamas' control over their assets.

"This investment network is directed by the highest levels of Hamas leadership and has allowed Hamas senior officials to live in luxury while ordinary Palestinians in Gaza struggle in harsh living and economic conditions."

The Israeli government also says that construction companies are a vital part of the Hamas finance model and has mirrored the U.S. sanctions list. In an online statement on October 29, the Israeli embassy in the U.S. said that Moussa Abu Marzouk, deputy chair of the Hamas Political Bureau, was worth $3 billion, while senior leaders Khaled Mashal and Ismail Haniyeh were each worth about $4 billion.

The reason that Hamas has turned to property is clear, experts say. Stephen Reimer, a senior research fellow at the U.K.'s Royal United Services Institute, told Newsweek that "building and then selling real estate is a handy way for Hamas to obfuscate its funds."

Reimer, an expert in terrorism financing at RUSI's Center for Financial Crime & Security Studies, said that "financial crime regulation of the construction, property development and real estate industries is fairly weak globally," meaning that Hamas-connected developers "can put funds into building apartments and then selling units to buyers, who would have no way of knowing the provenance of the funds that went into building their home."

In other words, ordinary homeowners are unaware that their purchases have helped to fuel the growth of a militant organization responsible for the worst massacre of Jews since the Holocaust.

Turkey

On the surface, Hisham Younis Yahya Qafisheh's resume makes him an unlikely plutocrat, let alone militant "element." Born on September 1, 1956, in Hebron in what was then Jordan and which would later become the West Bank, he graduated in accounting from King Abdulaziz University, in Jeddah, Saudi Arabia, in 1978. He started his business life as an accountant in the branch of a French company in Saudi Arabia and worked as a finance manager at the Dar Al Eiman hotel company in Jeddah between 1987 and 2005. Arabic is his native language, and he speaks English.

Yet this CV, included in documents that the Turkish company Trend GYO submitted to the Turkish Department of Finance in 2018 as part of its public offering requirements, does not highlight two crucial parts of his life story.

First, the Ticaret Sicil Gazetesi trade registry publication in Turkey printed a notice on March 25, 2021, which corrected Qafisheh's personal data. He had assumed a new Turkish name and obtained Turkish citizenship. This could help him to avoid scrutiny and travel more easily.

Second, according to a U.S. Treasury statement when it placed Qafisheh on its sanction list the following year, he served as deputy head of Hamas' investment office and has played an important role in "transferring funds on behalf of various companies linked to Hamas' investment portfolio." It had been investigating his involvement in Hamas-linked companies in three countries.

"Qafisheh was involved in managing the operations or held key roles in several companies controlled by Hamas," the Treasury Department added.

One of those is the fashionable-sounding Trend GYO, which advertises plush, middle-class apartment blocks and business plazas in its Turkish brochures and website. The company has also set up a Trend REIT, or real estate investment trust, for investors who want to buy into its property developments.

Turkish business records reviewed by Newsweek show that, as of September 2023, Trend is 55 percent publicly traded, meaning it raises money from the public and investors.

According to its own records, Trend GYO has completed 12 major projects throughout Turkey, including AG Plaza at Istanbul Commerce University, one of its most recently completed and largest projects, and a series of apartment blocks in the city of Bursa in northern Turkey that include the Anda Park Sultanbeyli, Anda Park Ertuğrul, Anda Park Özlüce, Anda Park Balat-1, Anda Park Balat-2 and Anda Park Millet projects.

In total, the company says it has built over 500,500 square feet of business and residences over the past 16 years.

Among Trend GYO's six upmarket residential blocks in Bursa is "Trend Boulevard," which the company is encouraging investors to buy into through its investment trust. The 34-unit apartment complex Andapark Ertuğrul offers "the key to a peaceful life with its modern architecture and a green field" in "the most modern district of Bursa," the advertising states. Behind this glossy façade lies a truth that it does not want to advertise.

"As of 2018, Hamas elements held about 75 percent of the issued capital at Turkey-based company Trend GYO. Additionally, Hamas planned to privately issue more than $15 million of Trend GYO's shares to senior officials in the investment portfolio," the U.S. Treasury Department said when it placed Trend GYO on its sanctions list in May 2022.

Corporate governance filings reviewed by Newsweek show that Qafisheh, the accountant who now has Turkish citizenship, had 13 percent of the shares; a billionaire Yemense businessman and politician, Hamid Abdullah Hussein Al-Ahmar, had 17 percent; and the company's deputy chairman, Yemeni national Sahel Mabrouk O. Mangoush, had 30 percent.

Qafisheh is the most significant and is instrumental in both running Hamas-linked construction companies in the Middle East and transferring their funds to Hamas, the U.S. Treasury Department says.

According to the U.S. Treasury Department, among those helping to disguise Hamas involvement in Trend GYO is Musa Dudin, a former suicide-bomb coordinator with close links to the Hamas leadership in Gaza. Dudin was jailed for life but was released in 2011 as part of an Israeli exchange of 1,027 Palestinian prisoners for the kidnapped Israeli soldier Gilad Shalit.

The U.S. Treasury Department said that Dudin was trying to cover up Hamas involvement in the company by transferring shares to other people.

"Musa Muhammad Salim Dudin is a West Bank-based member of Hamas' Political Bureau and Investment Office official and is responsible for negotiations to free Hamas members in prison. Dudin has publicly represented and spoken on behalf of the terrorist organization," it said in a press release to announce its sanctions against Dudin and other Trend GYO-linked officials on October 18, 2023.

It said that "Dudin attempted to obfuscate Trend GYO's continued affiliation with Hamas by transferring ownership to other parties. Dudin has also worked directly with designated Hamas senior leader Yahya Ibrahim Hassan Sinwar. Additionally, Dudin has previously received tens of thousands of dollars from Political Bureau Deputy Chief Salih Al-Aruri. Dudin has used these funds to purchase a variety of weapons for Hamas that were subsequently used in deadly terrorist attacks that resulted in the deaths of Israeli soldiers." The U.S. placed Sinwar on its sanctions list on August 27, 2015, and Al-Arouri on September 10, 2015. Al-Arouri was assassinated in an alleged drone attack in Beirut on January 2.

In May 2022, Trend GYO was placed on the U.S. sanctions list by the Treasury Department, which listed the company "as part of Hamas' investment portfolio" and "a key component of Hamas' global asset holdings which had previously been estimated to be worth over $500 million."

Although the then chairman, Hamid Al-Ahmar, is not on the U.S. sanctions list, Trend GYO's public offering documents in 2018 state that he is chair of Al-Quds International Foundation, a Lebanese organization that is on the U.S. sanctions list as a Hamas front. Al-Ahmar has frequently spoken about his support for Hamas.

There is evidence of major changes in share ownership from Trend's filings with the Turkish Department of Finance. Trend's latest corporate accounts, filed for September 30, 2023, and reviewed by Newsweek, show that 55.4 percent of the company is publicly owned, compared with 45.74 percent at the end of 2022. The largest private shareholder is Alaeddin Senguler, with 22.19 percent of the company; followed by Arwa Saleh M. Mangoush with 12.07 percent; and Gulsah Yigidoglu with 10.34 percent. All three were placed on the sanctions list in November for "having materially assisted, sponsored, or provided financial, material, or technological support" to Hamas.

One of the three, Arwa Mangoush, a 37-year-old Saudi national, was born in Jeddah and is a female relative of Trend's co-founder Saleh Mangoush, who transferred all his shares to her.

According to Trend GYO public offering documents at the Turkish Department of Finance, Saleh Mangoush was born on November 28, 1957, in Hadhramaut in eastern Yemen. Like Qafisheh, he studied at King Abdulaziz University in Jeddah, Saudi Arabia, having graduated from the Faculty of Business Administration in 1983. He started work life as a cashier at Al Ahli bank in Saudi Arabia in 1979, moving up to be the general manager's special secretary, a position he kept until 2004. His native language is Arabic and he speaks English fluently, the document states.

According to Turkish journalist Abdullah Bozkurt, who has investigated Trend GYO for the Swedish news website the Nordic Monitor, the company is both hiding money for Hamas and generating income for its operations.

"The reviews I have conducted so far definitely indicate both. The company develops real estate which is a very lucrative market to make money in Turkey. Its shares are partly traded in the stock exchange so it raises money from the public and investors as well," he said.

For Nicholas Ryder, a law professor and terrorism financing expert at Cardiff University in the U.K., Hamas' use of property companies fits a pattern.

"Property companies could prove to be a useful funding mechanism because the global property market has proven to be a safe investment for both terrorist groups and organized criminal gangs. Additionally, the property sector, via mortgage fraud, has also been used to finance acts of terrorism and there have been several related terrorist financing convictions in America," he told Newsweek.

Newsweek sought email and phone comment from Trend GYO on November 21 and December 1 and email comment from Saleh Mangoush and Hisham Qafisheh on December 18.

Trend GYO has previously denied supporting Hamas or any other organization, saying it is "impossible for it do so." It said it was established with foreign capital and is a profit-oriented institution subject to regular audit by Turkey's Capital Markets Board that acts in accordance with the principle of transparency.

United Arab Emirates

UAE business records reveal that Saleh Mangoush, Trend's co-founder, set up Itqan Real Estate JSC, in Sharjah, the country's third most-populous city, in 2004. The company is listed as being involved in construction and design. It owned UAE office blocks worth hundreds of millions of dollars.

2022 corporate records reviewed by Newsweek show that Saudi national Mangoush, who is listed as "general manager," owns 49 percent of the company. This is consistent with UAE rules that, until recently, stipulated that all companies must be 51 percent owned by UAE citizens, who receive a monthly payment and may have no connection to the day-to-day running of a company. Itqan was "among several commercial companies controlled by Hamas' covert investment portfolio," according to the U.S. Treasury sanctions list statement in May 2022.

"In mid-2019, Hamas investment portfolio managers considered selling one of Itqan's highest-value assets, valued at $150 million," it added. That asset is believed to be a UAE office block the company purchased, although the details are not listed by the U.S. Treasury Department.

However, while Itqan was a major concern on the Sharjah property market for years, there may have been a crackdown. After Itqan was listed on the U.S. sanctions list, it was listed as "inactive" on company records. Newsweek attempted phone and email contact with Itqan Real Estate JSC on November 21 and December 18. The Itqan phone number no longer appears to be working and the emails bounced. Its website also appears to have been removed.

The UAE government, which called the October 7 attack on Israel a "serious and grave escalation" to the Israeli-Palestinian conflict, has taken a much tougher view of Hamas than the Turkish government. The UAE launched a major crackdown on the Muslim Brotherhood after the 2011 Arab Spring and placed 94 alleged members of a Muslim Brotherhood-linked group on trial in 2013.

Saudi Arabia

According to the Trend GYO public offering documents, Saleh Mangoush, founder of both Trend in Turkey and Itqan in the UAE, is also founder of Anda Company.

Mangoush said in the 2018 Trend public offering documents that he owns 20 percent of Anda Company and is its general manager. He also lists several other Saudi companies he founded, including one with interests in gold and jewelry, hotel management, packaging, car spare parts and contracting.

The U.S. Treasury Department said that Anda is "among Hamas' larger investments in real estate and construction." Anda was placed on the U.S. sanctions list in May 2022. It also said that Anda Company was managed by Mangoush's fellow Trend GYO board member, the accountant Hisham Qafisheh. Newsweek sought email comment from Anda Company and Saleh Mangoush on November 22 and December 18.

Sudan

Sudan-based multimillionaire and Hamas financier Abdelbasit Hamza Elhassan Mohamed Khair "has longstanding ties to terrorism financing, including historic ties to al-Qaida and Osama bin Laden-linked companies in Sudan," according to a statement from the U.S. Treasury Department when it placed Khair on its sanctions list on October 18, 2023. He is the CEO and owner of Sudan-based company Zawaya Group, which was also placed on the U.S. sanctions list on October 18.

According to the U.S. Treasury Department, Kahir also owns the Western-sounding Larrycom Investment Company, a Sudanese firm in which Hamza is a top executive. Zawaya Group and Larrycom were also put on the U.S. sanctions list on October 18.

Qafisheh, the former chair of Trend GYO, is also heavily involved in the Sudan operations. In Trend GYO's 2018 public offering documents, Qafisheh states that he began investing in Sudan in 2000 and, from 2010 onwards, has been on the board of two of Khair's Khartoum companies: Agrogate Holding, an infrastructure and mining company, and Al Ruwad Real Estate Company, both of which were placed on the sanctions list in November 2023.

In his submission, Qafisheh told the Turkish Department of Finance that Ruwad started real estate investments in Turkey in 2006, using a partnership. The document said that, through Ruwad, Qafisheh took part in "the feasibility and construction of many residences, offices and commercial buildings in Turkey." In 2014, he became the chairman and remained in that position in 2018, the document said.

Through its sanctions list statement, the U.S. Treasury Department confirmed Qafisheh's claim that he is on the board of Agrogate Holding and Chairman of Ruwad.

Qafisheh "interviewed and hired candidates for Agrogate leadership and had a direct line of communication to the company board of directors," according to the statement. Agrogate has been a major player in the Sudanese construction business for over a decade. In 2009, Zawaya Group was awarded a Build, Operate, and Transfer (BOT) contract for the Dongola Argeen Highway Project, a 40-year plan to build a 223-mile highway connecting Sudan and Egypt, at an estimated cost of $500 million. Zawaya Group established Agrogate Holding to carry out the project.

Ruwad was established in 2010 by merging several Hamas companies based in Sudan, the U.S. Treasury Department said. Qafisheh "made hiring and firing decisions at Al Rowad and was also involved in the company's financial dealings," it said.

Newsweek sought email comment from Larrycom; Zawaya Group; Agrogate Holding; and Ruwad on November 18 and December 1.

Spain

Spain is at the center of what may be a bold development in the Hamas financing strategy. Osama bin Laden's friend, Abdelbasit Khair, is the CEO of Spanish company Zawaya Group for Development Investment Sociedad Limitada, which was placed on the U.S. sanctions list on October 18. There is evidence that Hamas' decision to move to western European companies is a new development, possibly enabling it to avoid detection in the Middle East.

Spanish company records reviewed by Newsweek show that the Spanish Zawaya Group was established in Valencia, Spain, on December 19, 2022. The company's financial reports are not yet available. Newsweek sought email comment from Zawaya Group on December 1 and December 15.

Algeria

The U.S. also links Hamas to Sidar Company, which was established in Algeria in 1998, according to company records reviewed by Newsweek. The company works in construction and is headquartered in Algiers. "Sidar Company, Anda Company, and Agrogate Holding were among Hamas' larger investments in real estate and construction. Hamas Investment Office leadership actively managed Sidar Company, a real estate development company," the U.S. Treasury Department said.

Perhaps reflecting the covert nature of the company's finances, Sidar's financial records do not appear to match the U.S. claim that it was among Hamas' larger real estate and construction investments. Company records show it is listed as having four employees with 2022 revenue of 106,414,226 Algerian dinar, equivalent to $790,504. Newsweek sought email comment from Sidar Company, and from two of its company managers, on December 1 and December 15.

'Tacit Support'

Despite the complex nature of the Hamas-linked businesses, the roots of the network lie in support for the organization globally, or support for the Palestinian cause in general. Timothy Wittig, author of Understanding Terrorist Finance and a fellow at Oxford University, told Newsweek that Hamas has sought out countries where it knows its property companies will have support in the business community.

He said it was common in terrorism financing for "sympathetic businesspeople and political and community leaders to align efforts to provide mutually beneficial financial support to 'the cause.'"

"This has long been true for the Islamist movement and Muslim Brotherhood, where there is an appealing quid pro quo offering blacklisted groups a financial lifeline and their business partners a privileged position in peripheral yet lucrative markets," he said.

Wittig said that Hamas' financial success in some countries "may be an indicator of tacit and indirect state support."

"It's a way to financially support Hamas without doing so directly—which would have more international political costs due to the sanctions," he said. "By allowing Hamas to do business in your country, governments can have their cake and eat it too."

#nunyas news

3 notes · View notes

aimfarmland · 11 months

Text

Farmlands Market in Manisa

Lands located in active farming zones always increase due to high demand from local and international investors. We have been monitoring a dramatic value increase in some parts of Manisa and Antalya cities of Turkey. Based on the last five years’ data, we can clearly state that farmland prices increased an average of 20% every year. In light of this fact, it is easy to make future forecasts of the selected areas.

– Farmlands Market in Manisa, each selected farmland to be developed as a planted garden, is selected by eliminating many others.

– Entire land preparation items such as bringing electricity and water connections are being made professionally.

– We plant only certified and healthy trees on the farmlands.The above development items are also increasing the value of the farmland at least the amount of the investment held.

Every different location has its farmland price standards. Distances from the main facilities such as the city center, main highway, utility infrastructures, airport, etc, are playing the role on determining the sale price of the farmland.

#farmlands in turkey #farm real estate investment #farmers #agriculture investment company in turkey

0 notes

Last Seen Blogs

fawnferns

don't get fazed

hamrahfit

Untitled

spawnofvulcan-knits

Untitled

tranceykitten

Raven Night

ablonico

Sans titre