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Business in Cameroon

Cameroon: Turkish billionaire Mehmet Nazif Gunal wants to invest in infrastructure and energy

Cameroon: Turkish billionaire Mehmet Nazif Gunal wants to invest in infrastructure and energy
  • Comments   -   Thursday, 27 March 2014 22:01

(Business in Cameroon) - On March 25, 2014, the President of the Republic of Cameroon, Paul Biya, had a long meeting with Turkish billionaire, Mehmet Nazif Gunal. Following this talk, the businessman revealed that he had expressed his desire to the Cameroonian Head of State to participate in the building of airport and energy infrastructure in Cameroon.

Ranked the 1,151st fortune by Forbes magazine with bank accounts totalling 1.5 billion dollars (approximately 550 billion FCfa) in deposits, Mehmet Nazif Gunal, head of MNG Holdings, is also the 28th fortune in Turkey.

A self-made man, according to Forbes, the Turkish billionaire amassed his fortune by investing in construction and tourism. He owns 10 of the top hotels in Turkey as well as one that is a replica of the Kremlin. Mr Gunal also has shares in airlines, particularly through aircraft maintenance and freight.

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