Cevahir Holding starts US $365 million project in Macedonia (TR/MK)

Cevahir Holding, a Turkish construction and investment group, will build a four-tower 42 floor residential construction project in Macedonia's capital city Skopje. Macedonian leaders officially launched the country's largest ever residential construction project – an approximately €300 million (US $365 million), four-tower 42 floor complex in the capital Skopje.

President Gjorge Ivanov and Prime Minister Nikola Gruevski, as well as Turkey's Ambassador to Macedonia Gürol Sokmensuer and Cevahir Holding Chair Ibrahim Cevahir attended the event - which involved pushing a large 'start' button - at the site of the project in the Aerodrom area, 2 kilometers east of the city center.

"After Turkish TAV's construction of the Skopje airport, the European Eye Hospital, Ulak Ambalaj and Halbank's entry into Macedonia, Cevahir Holding has also invested in the country. This shows that Turkish businessmen are aware of the investment opportunities in Macedonia," said Gruevski at the opening ceremony.

The facilities will be built by the Turkish construction and investment group Cevahir Holding. The developers said the 130-meter towers would house a total of some 5,000 people and that the project would also include a shopping mall when finished in three years.

The project is expected to draw 2,000 to 3,000 visitors per day and will steal the 'highest building in Skopje' label from the Macedonian Radio Television building.

Cevahir said that the complex required a €300 million investment and that it was the largest investment in Macedonia to date.

Source: Hürriyet Daily News

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