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Mapa Group

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For other uses, see MNG (disambiguation).
MNG Group of Companies
Company typePrivate
IndustryConglomerate
Founded1976[1]
FounderMehmet Nazif Günal
Headquarters
Istanbul
,
Turkey
Key people
  • Murathan Doruk Günal (CEO)
  • Mustafa Bülent Karaarslan (COO)
Number of employees
20,000[2]

MNG Group of Companies (Turkish: MNG Şirketler Grubu) is a Turkish conglomerate founded by Mehmet Nazif Günal.[3] MNG Şirketler Grubu Holding A.Ş. is the holding company of the group.

History

Günal Construction, the first company in the group, was founded in 1976 by Mehmet Nazif Günal, followed by Mapa Construction in 1978.[1] The companies became a joint stock company in 1983.[2] The first large-scale construction projects the company undertook were the Afşin Elbistan Power Plant, completed in 1982, the Kralkızı Dam in 1984,[1] and the Hilton Izmir,[2] which was constructed in 1992.

In 1996 the company expanded its operations into air cargo, and created MNG Airlines, followed by an expansion into tourism in 1999.[1] In 2013, the company won the tender to construct the new Istanbul Airport,[1][4] and in 2014 MNG finished construction on the Heydar Aliyev International Airport in Azerbaijan.[1] In 2000, MNG finished construction a recreation of the Topkapı Palace as a beach resort in Antalya,[5] followed by the Kremlin Palace Hotel, a reconstruction of St. Basil's Cathedral and the Moscow Kremlin on the Antalya beachfront, which was completed in 2003.[6] The MNG Media Group launched TV8 in 1999, which was sold to Acun Ilıcalı and the Doğuş Group in 2013.[7]

MNG's equity securities brokerage arm MNG Securities was purchased by the Lehman Brothers in 2007.[8][9]

Mapa Construction completed a new terminal at Kotoka International Airport in Ghana in 2018,[10] and has been constructing the Stade Abdelkader Khalef stadium in Tizi Ouzou, Algeria.[11]

Controversies

In 2015, Turkish media alleged that the MRG's sale of TV8 was at the request of Turkish president Recep Tayyip Erdoğan.[12][4] The MNG Group has received controversy due to environmental concerns around hydroelectric dams, and the construction of Istanbul Airport, which involved the removal of 660,000 trees.[4]

In August 2019, a security guard for Avesoro Resources, a member of MNG, killed a man illegally panning for gold at the Youga Gold Mine in Burkina Faso.[13] The death led to locals rioting and attacking the mining facilities in retaliation the next day.[13][14] Over 500 people at the mine had lost their jobs in 2019, and had been replaced by Turkish contractors.[13]

An employee at Turkish private jet operator MNG Jet admitted to falsifying passenger records around the escape of Nissan executive Carlos Ghosn from Japan in December 2019, which used the company's planes.[15] MNG filed a criminal complaint against the employee in January 2020, noting the two flights involved in his escape did not appear to be for the same client.[16] On 8 May, Turkey charged seven people accused of helping Ghosn flee to Lebanon via Istanbul.[17]

Companies

Constrution
  • Günal Construction[2]
  • Mapa Construction[2]
  • MNG Esmaş[11]
  • MNG Tesisat[2]
  • MNG Targem[2]
  • MNG Zemtaş[2]
Tourism
Air transportation
Finance
  • MNG Faktoring[2]
  • MNG Investment[2]
Mining
  • Avesoro Resources[13]

References

  1. ^ a b c d e f "About Us". MNG. Archived from the original on 23 August 2018. Retrieved 24 July 2020.
  2. ^ a b c d e f g h i j k l m n o "MNG Group of Companies: creating added value to Turkey and the rest of the world". Arabian Business. 30 September 2019. Retrieved 29 July 2020.
  3. ^ Weinberg, Neil; Bartenstein, Ben (3 January 2020). "Ghosn Getaway Jet's Other Job: Ferrying Venezuelan Gold". Bloomberg L.P. Retrieved 11 January 2020.
  4. ^ a b c "Türkischer Investor mischt Schweizer Clubfussball auf". HandelsZeitung.ch (in German). Retrieved 22 July 2020.
  5. ^ "Ruslar, Antalya'daki Kremlin için şimdiden kuyruğa girdi". Hürriyet Daily News (in Turkish). 9 September 2002. Retrieved 29 July 2020.
  6. ^ Campbell, Matthew; Finkel, Isobel (18 December 2014). "What Turkey's Fake Kremlin Tells Us About the Ruble Crash". Bloomberg L.P. Retrieved 29 July 2020.
  7. ^ "Tv8". Hürriyet Daily News (in Turkish). Retrieved 29 July 2020.
  8. ^ "Lehman expands in Turkey with broker purchase". Reuters. 18 October 2007. Retrieved 29 July 2020.
  9. ^ Cowielhe, Dawn (4 January 2008). "Turkey's $10 billion plan". Wall Street Journal. Retrieved 29 July 2020.
  10. ^ Chappard, Vincent (22 May 2019). "Kotoka terminal lightens the load". African Aerospace. Retrieved 22 July 2020.
  11. ^ a b "MNG Group of Companies" (PDF). MNG. Archived from the original (PDF) on 16 May 2018. Retrieved 29 July 2020.
  12. ^ "Das Phantom Mehmet Nazif Günal". SRF. 13 July 2015. Retrieved 22 July 2020.
  13. ^ a b c d Mas, Liselotte (15 August 2019). "Killing at Turkish-run gold mine in Burkina Faso reveals tensions between local workers and expats". France24. Retrieved 29 July 2020.
  14. ^ Ndiaga, Thiam (10 August 2019). "Burkina forces move to secure attacked Avesoro mine after one killed". Reuters. Retrieved 29 July 2020.
  15. ^ "Turkish private jet company says rogue employee helped Carlos Ghosn flee Japan". CNN. 3 January 2019.
  16. ^ "Ghosn's Escape Jet From Japan Used Illegally, Operator Says". Bloomberg.com. 3 January 2019.
  17. ^ "Carlos Ghosn: Turkey charges seven over escape from Japan". BBC. 8 May 2020.
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