A Turkish court ruled on bankruptcy for Hedef Yapı, A company played a part in constructing Turkey’s biggest Çamlıca Mosque, World Trade Center and Baku-Tbilisi-Ceyhan Crude Oil Pipe Line projects. Reportedly, Hedef Yapı had applied the court for concordat three months ago.
According to the news given T24, news portal, 1st İstanbul Anadolu Commercial Court of First Instance a verdict, and with it, the court ruled on the bankruptcy of the Hedef Yapı.
The company plays a part in constructing of Turkey’s biggest mosque ever
Çamlıca Mosque, the biggest mosque which has ever built. The mosque cost around 100 million Dollars. Personally, supervised by President Recep Tayyip Erdoğan, Turkey’s biggest mosque has been under construction since 2013. The project, which also includes a library, a museum of Turkish Islamic arts, design workshops and conference rooms, has been built on a 15,000-square-meter (161,000-square-foot) area. Turned into a long-winded story the inauguration of the mosque, has still not been opened to service yet. The official had said the mosque to be opened to service in 2016 but still under construction although three years have passed. Many controversial dates are given by the officials on the inauguration date of the mosque.
Hedef Yapı has many projects in both Turkey and abroad
Founded by a partnership of Fatih Kalpakçı, Tunis Kalpakçı and Erkan Özmemir with 500.000 Turkish Lira ($95.000) fund on September 23, 1997. According to the information on the official website of the Hedef Yapı played part in constructing Çamlıca Mosque, İstanbul Atatürk Airport, World Trade Center (Located in İstanbul), Baku-Tbilisi-Ceyhan Crude Oil Pipe Line Project, Susesi Hotel and Congress Center, Adana Hilton and Sabancı University.
The company also played role in constructing some projects in Russia, Ukraine, Kazakhstan a Libya.
According to the T24 news that among the ongoing projects of Hedef Yapı Company are Addis Ababa Hospital Projects, -Addis Ababa-Residence&Restaurant&Shopping Mall Project and some projects.
Thousands of companies applied to the court for concordat since the beginning of the economic recession in Turkey, and many of them were bankrupted after their applications were refused by the courts.