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22 September 2017
28 January 2016

The giant of Turkish business passed away

The giant of Turkish business passed away

Mustafa Koc, one of the most successful businessmen in Turkey, died on January 21st. The entrepreneur had a record of heart disease. His death was extremely unexpected for everyone.

Mustafa Koc inherited his business from his father and grandfather and managed to succeed in running the family business. “Koc Holding” companies account for 9 percent of Turkey’s export. There are automobile plants, banking institutions, gas filling stations, household appliances factories, filling station chains and so on in the holding. The list of  Koc’s business projects is endless.

Educated in Switzerland and the United States, Koc was always connected with the European establishment. He took an active part in the Bilderberg Group which is a private club of the political elite representatives. He organized the group conference in Istanbul in 2007. A famous journalist Thierry Meyssan wrote an article about the group of “the Great of the World”. In his article, he said that “Koc Holding” is one of the economic bases of the Bilderberg Group.

Dutch hotel “Bilderberg”

Dutch hotel “Bilderberg”

The political views of the businessman did not coincide with the one of the ruling party “Justice and Development”. It does not seem likely that Koc had good relations with the president of the country.

When Recep Tayyip Erdogan was the prime minister of the country, he accused Koc of aiding the protestors in the summer 2013.  Erdogan was angry with the fact that the protestors used Koc’s hotel as a shelter when escaping from the police. In response to these events, the government cancelled the tender for corvettes construction which were supposed to be for the Turkish Republic fleet. One of the Koc’s holding enterprises won this tender earlier. After the incident, many people assumed that the businessman supported Gulen (Islamic theologist) in his public conflict with Erdogan. Yet, Koc refused his connections with the exiled preacher. He claimed that he was not going to be involved in the political process in the country. The statement was made half a year later after the events in centre of Istanbul.

However, it is hardly possible that Erdogan has one competitor less now. It is most likely that one of the businessmen relatives will become the head of the holding. All the political elite, including Erdogan and Davutoglu, attended the funeral on January 24th. It is not worth drawing any conclusions from this. Erdogan intends to build own business empire. The most prominent businessman’s death might only fuel up Erdogan’s ambitions.