CONTENT PRESENTATION OF SUMMA EXPERIENCE IN AFRICA OUR EXPERIENCE. Prepared by haydar ergün

Transcription

1 CONTENT PRESENTATION OF SUMMA EXPERIENCE IN AFRICA OUR EXPERIENCE Prepared by haydar ergün

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3 ABOUT US Established in 1989, Turkey, Russia, Moldova, Romania, Libya, Equatorial Guinea, Senegal, Congo, Rwanda, Niger and Venezuela. Contracting Real Estate Development Hospitality Healthcare Energy Mining Construction being the main business, the company invests and operates in the above mentioned industries in its areas of operations. Prepared by haydar ergün

4 2017 / RANK # / RANK # / RANK # / RANK # / RANK # / RANK # / RANK # / RANK # / RANK # / RANK # / RANK # Prepared 160 by haydar ergün 2007 / RANK # / RANK # / RANK # / RANK # 134

5 S E LECTED P R OJECTS Prepared by haydar ergün

6 H O T E L B O G AT Y R russı a K R AS N O D AR R E G I O N AL C L I N I C AL H O S P I TAL N O. 1 O C H AP O V S K Y H O S P I TAL VAR S H AV S K I Y B U S I N E S S C E N T ER PAR K H O U S E S H O P P I N G M AL L

7 moldova C H I S I N AU I N T E R N AT I O N AL AI R P O R T RADISSON BLU LEOGRAND CHISINAU H O T E L M A L L D O VA S H O P P I N G M A L L M E D PAR K I N T E R N AT I O N AL H O S P I TAL

8 romanıa E M E R AL D R E S I D E N C E S S WAN O F F I C E PAR K P L AZ A R O M AN I A S H O P P I N G M AL L

9 B U R J B U L AY L A lıbıa R AD I S S O N B L U AL M AH ARY H O T E L russıa

10 Equatorıal gunıea S I P O P O C O N G R E S S C E N T E R O YAL A G O V E R N M E N T PAL AC E S I P O P O M AL L

11 venezuel a VAR G AS S O C I AL H O U S I N G P R O J E C T

12 senegal D AK AR C O N G R E S S C E N T E R D AK AR B U S I N E S S H O T E L D AK AR AR E N A S P O R T S C O M P L E X B L A I S E D I A G N E I N T E R N AT I O N A L A I R P O R T

13 congo K I N T E L E C O N G R E S S C E N T E R & H O T E L

14 rwanda K I G AL I C O N V E N T I O N C E N T E R AN D H O T E L

15 YAL I K AVA K PAL M AR I N A turkey

16 EXPERIENCE IN AFRICA DYNAMICS PROBLEMS Prepared by haydar ergün

17 DYNAMICS IN AFRICA THE YOUNGEST POPULATED 10 COUNTRIES IN THE WORLD NIGER(15), BURKINA FASO, UGANDA, CHAD, MALI, SOMALI, ANGOLA, GAMBIA, ZAMBIA, DRC AVERAGE AGE AROUND THE WORLD 30 1 BILLION POPULATION AND 1/3 OF WORLD NATURAL RESOURCES WORLD POPULATION WILL INCREASE 2,5 B MORE TILL 2050, AND 1,5 OF WHICH WILL BE IN AFRICA MINIMUM WAGE IS THE SMALLEST AND THE GEOGRAPHICAL ADVANTAGE FOR LOGISTIC TO THE MOST OF THE WORLD INCREASING TRANSPARENCY AND INTENTION FOR PRIVATIZATION DIRECT FOREIGN INVESTMENT INCREASED FROM 5 B USD IN 2000 TO 50 B USD AS OF NOW 600 MILLION HA UNCULTIVATED AGRICULTURAL LAND (60% OF THE WORLD) Prepared by haydar ergün

18 PROBLEMS IN AFRICA LACK OF ELECTRICITY NIGERIA HAS 20 TIMES BIGGER POPULATION THAN SWITZERLAND, BUT HAS ELECTRICITY PRODUCTION AS 1/3 OF SWITZERLAND LACK OF BANK SERVICES ONLY 3% OF SUB-SAHARAN AFRICANS HAVE CREDIT CARDS LACK OF CAPITAL AND SAVINGS ACCORDING TO THE FORECASTS OF AfDB, NATURAL RESOURCES WILL CONTRIBUTE 30 B USD TO THE ECONOMIES OF THE AFRICAN COUNTRIES, WITHIN THE NEXT 20 YEARS, BUT THAT AMOUNT WILL NOT BE ENOUGH FOR THE GROWTH. THAT S WHY, BORROWING HAS BEEN AND WILL BE NECESSARILY NEEDED. POLITICAL INSTABILITIES LACK OF BUDGET DISCIPLINES RESTRICTIONS, BY THE INTERNATIONAL ORGANISATIONS, ON THE BORROWING CAPACITY OF THE COUNTRIES INTERNATIONAL Prepared by haydar ergün

19 PROBLEMS IN AFRICA RECOGNITION & FAMILIARITY OF THE COUNTRIES EVERYBODY KNOWS THE NORTH AFRICAN COUNTRIES SUCH AS MAROCCO, ALGERIA, TUNUSIA, LIBIA, EGYPT. BUT SUBSAHARAN COUNTRIES ARE MANY, BUT COUNTED LIKE ONLY 1 COUNTRY: AFRICA. ACTUALLY THERE ARE 48 SUB-SAHARAN COUNTRIES, AND EACH HAS DIFFERENT ECONOMICAL AND SOCIAL CONDITIONS. EACH OF THEM HAS TO BE FOCUSED ON AND BE EVALUATED INDIVIDUALLY. Prepared by haydar ergün

20 THE LINK: THE PROJECT FINANCE & EXPORT CREDIT INSURANCE OUR EXPERIENCE I- SENEGAL DAKAR CONFERENCE CENTER YEAR APPROXIMATELY 78 M EUR PROJECT SIZE 68,7 M EUR GOODS AND SERVICES EXPORTED FROM TURKEY 48,5 M EUR FINANCED BY TURKISH EXIMBANK Prepared by haydar ergün

21 THE LINK: THE PROJECT FINANCE & EXPORT CREDIT INSURANCE OUR EXPERIENCE II- SENEGAL DAKAR BUSINESS HOTEL, EXPO CENTER AND SPORT ARENA YEAR ,5 M EUR PROJECT SIZE 138 M EUR GOODS AND SERVICES EXPORTED FROM TURKEY 118 M EUR IS BEING FINANCED BY TURKISH EXIMBANK Prepared by haydar ergün

22 THE LINK: THE PROJECT FINANCE & EXPORT CREDIT INSURANCE OUR EXPERIENCE III- CONGO BRAZZAVILLE CONGRESS CENTER AND THE HOTEL, YEAR M EUR PROJECT SIZE 147 M EUR GOODS AND SERVICES EXPORTED FROM TURKEY 125 M EUR IS BEING FINANCED BY TURKISH EXIMBANK Prepared by haydar ergün

23 THE LINK: THE PROJECT FINANCE & EXPORT CREDIT INSURANCE MECHANISM TURKISH EXIMBANK LENDER 5- DIRECT DISBURSEMENT 2- CREDIT FACILITY AGREEMENT SUMMA CONTRACTOR AND EXPORTER 3- EXPORTING THE MATERIALS AND SERVICES 4- APPROVAL OF THE GOODS AND SERVICES VIA L/C MINISTRY OF FINANCE BORROWER 1- TURN-KEY CONSTRUCTION CONTRACT STATE ENTITY BUYER AND IMPORTER Prepared by haydar ergün

24 THE LINK: THE PROJECT FINANCE & EXPORT CREDIT INSURANCE ADVANTAGES REMOVING THE RISK OF COLLECTION BRINGING THE BUDGET DISCIPLINE TO THE BUYER EVALUATION OF THE CREDIBILITY AND RISK ANALYSING GETTING CONTRACT BY HAVING THE FINANCIAL SUPPORT OF NATIONAL ECA CONCLUSION IN OUR EXPERIENCE TILL TODAY, WE HAVE WORKED ONLY WITH INTERNATIONAL PROJECT FINANCE CREDITS OF TURKISH EXIMBANK. AND THEREFORE BORROWERS WERE ALWAYS MINISTRIES OF FINANCE. BUT BY TAKING IN TO CONSIDERATION THE LACK OF ENOUGH EQUITY FOR FINANCING THE PROJECTS AND THE RESTRICTIONS ON THE COUNTRIES FOR BORROWING, THE MAIN SOLUTION FOR AFRICAN COUNTRIES IS PPP PROJECTS OR BOT MODEL CONTRACTS. TO SUCCEED THIS, CREDIT INSURANCE WILL BE MAIN TOOL IN ORDER TO BE ABLE TO BRING THE ENOUGH FINANCIAL SOURCES FOR THE PROJECTS AND FOR THE GROWTH UNDER THE CUREENT CONDITIONS, TO PROTECT THE INVESTMENTS AGAINST THE RISK OF POLITICAL AND ECONOMICAL INSTABILITY. NOWADAYS WE FOCUS ON THAT SUBJECT AND COLLABORATE WITH ICIEC IN ORDER TO FINANCE PPP PROJECTS. Prepared by haydar ergün