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SUBSIDIARY NAME

QM Construction Project

COUNTRY

Turkey

SECTOR/ INDUSTRY

REAL ESTATE

OWNERSHIP %

70% IIB-DG

ACQUISITION DATE

July 1, 2022

ACQUISITION VALUATION

400 MILLION

TOTAL ASSET VALUATION

4 BILLION

REAL ESTATE

QM Construction Project by Qudamah al-Musawi acquired on July 1, 2022.

Currently, 40 floors are completed for each tower, and the rest is to complete the rest of the floors of the two towers, as well as the project services, including swimming pools, parks, green spaces, and interior and exterior finishes for both towers, with 874 residential units and 52 shops.

Completion period from 20 months to 24 months

5. Sapanca 5 Star Hotel

The completion rate is 60% / 40% left to complete Civil works fully ready The rest is the final finishes (from dividing hotel rooms, meeting rooms, guests and events, finishing swimming pools, green lands, services for the resort…etc.)

The hotel consists of 8 floors + 2 underground floors for parking.

And the number of hotel rooms:

  • 125 Suite room
  • 250 Standard room

There are 7 halls for events and meetings,

The period of completion of the resort is from 20 months to 24 months

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