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BASEAK and Dentons Advise TACA on Investment in Djibouti

BASEAK and Dentons Advise TACA on Investment in Djibouti

Turkey
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Balcioglu Selcuk Akman Keki Attorney Partnership and Dentons have advised TACA Construction on its agreement construct a 5-star hotel in Djibouti for the Djibouti Ports and Free Zone Authority.

According to BASEAK, "TACA Construction is one of the leading Turkish construction companies and its roots trace back to the formative years of the Turkish Republic where the company’s foundations were laid by the efforts of Mr. Sait (Akkurt), grandfather of the present owner and chairman Tayyar Akkurt. The company delivered various major projects ranging from hotels and shopping malls to hospitals and congress centers in Turkey, Russia, Saudi Arabia, Turkmenistan, Serbia, and Libya."

Tayyar Akkurt commented that “I believe Djibouti’s strategic importance will only increase given its position as one of the safest harbors in Europe-Asia axis and the pending opening of the Trans-Africa Railway. The hotel we will be building represents our first investment in Djibouti. TACA will manage all aspects ranging from design to construction.”

The BASEAK team was led by Partner Dogan Eymirlioglu and the Dentons team was led by Istanbul-based Partner Ian McGrath.

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