Turkey's Dogus secures 1 bln eur financing for luxury Istanbul port project

August 31, 2016 8:59 AM

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ISTANBUL Aug 31 Turkey's Dogus Group, one of the country's largest conglomerates, said on Wednesday it had secured 1.02 billion euros ($1.14 billion) in financing from six Turkish banks for a luxury port project near the Galata district of Istanbul.

Chief executive Husnu Akhan told reporters that Dogus would invest 4.5 billion lira ($1.5 billion) in the project, which it aimed to complete in the last quarter of 2018.

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