5 Top Companies in Turkey to Know

Get to know the companies fueling Turkey’s economic growth.

Written by Andreas Rekdal
Published on Jun. 17, 2024
5 Top Companies in Turkey to Know
Photo: Shutterstock.

With its territory bridging Europe and Asia and longstanding economic ties to the world’s largest trading powers, Turkey is a growing economic powerhouse in its own right. The country is a member of the G20 forum and is one of the 20 largest economies in the world. Of course, such growth would be impossible without the contribution of innovative companies spanning sectors like energy, finance, transportation and aerospace. Here are a few companies in Turkey you should know.

Top Companies in Turkey to Know

  • Koç Holding
  • Turkish Airlines
  • Sabancı Holding
  • Ford Otosan
  • Erdemir

 

Top Companies in Turkey

Headquartered in Istanbul and boasting more than 119,000 employees, Koç Holding has the distinction of being Turkey’s only representative on Fortune’s Global 500 list. The company operates in sectors including energy, automotive, appliances and finance, working with international brands like Avis, Ford and Grundig.

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Founded in 1933 and serving travelers on every continent, Turkish Airlines is the eighth-largest airline in the world by revenue. The company’s 440-craft fleet serves more than 320 destination cities in 128 countries and markets itself as the “airline that flies to most countries in the world.”

 

Its history dating back to 1925, Sabancı Holding is an Istanbul-based conglomerate with more than 60,000 employees. Its operations span industries ranging from energy and financial services, to hotels, grocery stores (in partnership with Carrefour) and tire manufacturing in partnership with Bridgestone.

 

Established in 1959, Ford Otosan is a publicly traded company in which Ford Motor Company and Koç Holding each hold 41 percent of the shares. The company describes itself as the “largest commercial vehicle production center in Ford Europe” and exports its output to more than 90 countries across five continents. The company has more than 23,000 employees, including 2,000 working in research and development.

 

One of Turkey’s largest publicly traded companies, Erdemir produces millions of tons of crude steel and finished steel products for customers around the world. Founded in 1960, the company and its subsidiaries employ more than 13,000 people.

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