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Koç Holding announces signing date for USD 504 million Kalamış Marina deal

Koç Holding announced the signing date for the Fenerbahçe-Kalamış Marina tender, which it won with a bid of 504 million dollars. The project includes an investment of 150 million dollars and 40 years of operating rights.

Koç Holding announces signing date for USD 504 million Kalamış Marina deal

In the announcement made by Koç Holding to the Public Disclosure Platform (KAP), it was stated that its subsidiary Tek-Art Kalamış ve Fenerbahçe Marmara Turizm Tesisleri AŞ was invited to sign the contract on February 5, 2025 within the framework of the tender organized by the Privatization Administration of the Republic of Turkey Ministry of Treasury and Finance.

In the statement, it was emphasized that USD 176.4 million, which corresponds to 35 percent of the total contract value of USD 504 million, will be paid on the signing date, and the remaining amount will be completed in 5 equal installments over 60 months, with interest added.

Investment and Development Target

Following the signing of the contract, Koç Holding aims to bring Kalamış Marina up to the level of a 4-anchor marina in accordance with international standards. In this process, a total investment of 150 million dollars is planned.

The First Bidding was Canceled

The first bid, held in 2021, was awarded to Koç Holding for 2.5 billion TL, but was canceled by the President's decision. With the new contract, the process will start again at Fenerbahçe-Kalamış Marina.

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