Mystery investment firm offers to finance $12.9 billion Istanbul canal

21 January 2020
108 Views

Investment company Money Maker Management has offered to provide all financing for Kanal Istanbul, a 75 billion-lira ($12.8 billion) construction project announced by Turkish President Recep Tayyip Erdoğan.

Turkish media including financial newspaper Dünya said the company would arrange capital for the 45-km (28-mile) waterway, designed to divert shipping from Istanbul’s Bosporus Straits, and all related bridges and tunnels, citing an interview with CEO George Ghorayeb. The firm, which has set up an office in Istanbul, is the seventh-largest fund in the United States, Dünya said.

But the company’s website – moneymakermanagement.com – provides no information about past or current projects. It also lists no office address aside from a branch in Dubai, run by an individual named Ahmad Kurdi. The address of the office – M12/M13 Mezzanine Floor Pyramid Center, Oud Metha, Lebanon, is also the address of Ahmad Kurdi Fine Jewellery, according to the latter’s LinkedIn profile.

Read more: ahval

You may be interested

“Athens is one of the last cities in Europe that can still be old, weird & chaotic”
GREECE
shares1596 views
GREECE
shares1596 views

“Athens is one of the last cities in Europe that can still be old, weird & chaotic”

Panos - Feb 18, 2020

At a time when the mainstream narrative is all about how Greece’s ‘best and brightest’ minds have been fleeing the…

Greek products excluded from revised US tariffs list against EU
GREECE
shares13 views
GREECE
shares13 views

Greek products excluded from revised US tariffs list against EU

Panos - Feb 18, 2020

Olive oil and all related products, as well as cheeses and wines exported by Greece to the United States will…

Mike Bloomberg considering Hillary Clinton as a vice-presidential running mate, according to Drudge Report
GREECE
shares13 views
GREECE
shares13 views

Mike Bloomberg considering Hillary Clinton as a vice-presidential running mate, according to Drudge Report

Panos - Feb 18, 2020

Presidential candidate Mike Bloomberg is considering Hillary Clinton as a vice-presidential running mate after positive internal polling about the potential…

Leave a Comment

Your email address will not be published.