New Project for Azfen in Azerbaijan

Azfen JV, Tekfen's joint venture company in Azerbaijan, has entered an equal-share partnership with Italian Saipem for the construction of the South Caucasus Pipeline Expansion (SCPX) project in Azerbaijan and Georgia as part of the Shah Deniz Phase 2 investments.

With a total project value of USD735 million, Tekfen Construction's current backlog has been increased by approximately USD147 million through its share in Azfen.