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Ulsan Holding Chair urges Turkish business leaders to expand investments in Africa

Türkiye-Africa Business and Economic Forum hosted by the Turkish Ministry of Trade, coordinated by the African Union, and organized by the Foreign Economic Relations Board (DEIK), Istanbul, Türkiye on Oct. 16 , 2025. (AA Photo)
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Türkiye-Africa Business and Economic Forum hosted by the Turkish Ministry of Trade, coordinated by the African Union, and organized by the Foreign Economic Relations Board (DEIK), Istanbul, Türkiye on Oct. 16 , 2025. (AA Photo)
By Anadolu Agency
November 19, 2025 02:43 AM GMT+03:00

Ulsan Holding Chair Fatih Gulsun urged Turkish investors to increase their presence in African markets, saying the continent offers major opportunities across multiple sectors.

Speaking to Anadolu Agency, Gulsun said the company maintains ongoing investments in defense, mining and energy in several African countries.

Mining and energy projects across the continent

Gulsun said Ulsan Holding has been active in the Democratic Republic of Congo for four years, where the company plans to begin production at an iron ore site in 2026.

In Botswana, he said they are engaged in large-scale mining partnerships involving uranium, rare earth elements and platinum group metals. The company is also pursuing energy investments in the country.

He noted that Ulsan Holding continues operations in mining, energy and defense across different African states.

Turkish Trade Minister Omer Bolat (C) attends the signing ceremony with Libyan Economy and Trade Minister Muhammad al-Huwayj (L) and Libyan Transport Minister Muhammad Salem Al-Shahoubi during the 5th Türkiye-Africa Business and Economic Forum in Istanbul, Türkiye, Oct. 16, 2025. (AA Photo)
Turkish Trade Minister Omer Bolat (C) attends the signing ceremony with Libyan Economy and Trade Minister Muhammad al-Huwayj (L) and Libyan Transport Minister Muhammad Salem Al-Shahoubi during the 5th Türkiye-Africa Business and Economic Forum in Istanbul, Türkiye, Oct. 16, 2025. (AA Photo)

'Africa is the continent of the future'

Calling for greater Turkish engagement, Gulsun said Africa holds substantial investment gaps that can yield strong returns.

“I believe Africa is the continent of the future,” he said. “There are many areas with room for investment, and I think we need to help fill those gaps.”

He described Africa as a region where significant financial gains are possible.

Looking toward investment in Türkiye

Gulsun added that Ulsan Holding also operates in countries outside Africa but aims to expand major projects at home.

“Our main goal is to be able to carry out these kinds of investments in Türkiye,” he said.

“We are following several promising projects, and if they move forward, we plan to partner with major investors to bring similar large-scale investments to our country.”

November 19, 2025 02:43 AM GMT+03:00
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