Home Page
17 Jul 12

Macedonia’s Tallest Towers Arise in Skopje

Construction of four 42-storey skyscrapers, set to be the tallest buildings in Macedonia, started on Monday in Skopje.

Sinisa Jakov Marusic BIRN Skopje
The complex should be completed in three years | by: Cevahir Holding

The Turkish company, Cevahir Holding, plans to invest some 300 million euro in the project that should be completed within three years in the Skopje municipality of Aerodrom.

The complex will hold a mix of residential, business and retail areas, with some 1,400 flats providing homes for 5,000 people, and a large shopping mall in the base of the towers.

"We managed to persuade the company to invest thanks to our low taxes, favourable construction land price and simple administrative procedures,” Prime Minister Nikola Gruevski, who attended the ground-breaking ceremony, said.

At a time of financial crisis, it is expected to be the largest single foreign investment in the country this year.

Authorities hope it will keep the flagship construction industry going, as demand for work abroad tails off.

"This complex will contribute to the modernization of Skopje and Macedonia and to the country's development in times of global crisis," the Turkish Ambassador, Gurol Sokmensuer, said.

The government hopes that the new buildings will help lower the price of housing in the capital by increasing the amount on offer.

Despite the crisis, real estate prices in Skopje have remained comparatively expensive at around 1,000 euro per square meter.

Standing 130 metres high each, the towers will be the tallest in the country, topping the 25-floor, 90-metre high building of Macedonian Radio Television, which dominates the skyline in central Skopje.

PM Nikola Gruevski marks the construction start

Cevahir Holding is one of Turkey's biggest companies. Its main fields of activity include investment, tourism and construction.

Although political ties have long been good, it was only in the last few years that Turkish companies have significantly invested in Macedonia.

In 2010, Turkey's TAV won a 20-year contract to run Macedonia’s two airports in Skopje and in Ohrid and invested over 100 million euro in improving airport infrastructure.

Earlier this year, the Turkish firm Limak holding purchased a large construction site in central Skopje, planned for business and commercial buildings.

As part of the contract, the company is obliged to build a kilometre-long boulevard underpass in the city's central area.

Talk about it!

blog comments powered by Disqus


18 Oct 16

Bulgaria Says Turkish Deportees Never Sought Asylum

Seven Turkish citizens were deported after entering Bulgaria illegally, but police said they never sought political asylum, despite Turkish media reports claiming they were supporters of wanted cleric Fethullah Gulen.

14 Sep 16

Juncker’s Silence on Enlargement Alarms Balkan Watchers

The decision of the European Commission President not to mention EU enlargement in his annual speech has left Balkan observers feeling concerned and disappointed.

26 Aug 16

Turkey Sets Visa-Free Deadline for EU

The Turkish PM told his Bulgarian counterpart to pass on the message that the EU must drop visa requirements for Turkish citizens in October if Brussels wants to send back migrants to Turkey as agreed.

26 Aug 16

Bulgarian, Turkish Premiers Seek Solutions on Migrants

The prime ministers of Bulgaria and Turkey, Boyko Borissov and Binali Yildirim, are meeting on Friday in Istanbul to discuss joint solutions to the continuing migration crisis.

25 Aug 16

Macedonia May Shut Gulen-Linked Turkish Schools

Macedonia's Foreign Minister Nikola Poposki hinted that the government might have agreed to Turkey's request to close schools and organisations with suspected links to alleged coup plot leader Fethullah Gulen.

16 Aug 16

Bulgarians Outraged at Deportation of Gulen Supporter to Turkey

Bulgaria’s extradition to Turkey of Abdullah Buyuk, a supporter of cleric Fethullah Gulen, is sparking outrage for a perceived capitulation to the increasingly authoritarian Erdogan regime.

09 Aug 16

Russian, Turkish Presidents Meet to ‘Reset’ Relations

Russian President Vladimir Putin is hosting his Turkish counterpart Recep Tayyip Erdogan in an attempt to restore stronger ties after relations with the West were strained by Turkey’s post-coup crackdown.

02 Aug 16

US Military Chief Visits Turkey to Ease Tensions

Top US military official Joseph Dunford made an unexpected two-day visit to Turkey in what local experts believe is an attempt to improve strained relations after the recent failed coup.

27 Jul 16

Kosovo Snubs Turkish Demand to Punish Journalist

Kosovo's officials have rejected a demand from the Turkish embassy for Kosovo to punish a journalist for making satirical comments on Facebook about the failed coup.

27 Jul 16

Turkey Eyes Dahlan's Role in Failed Coup

Turkish authorities say they will investigate whether Mohammed Dahlan, a Gulf-based Palestinian opposition leader with Serbian and Montenegrin citizenship, had a hand in the recent failed coup.