Turkish Hacıoğlu Holding plans $2 bn West Africa investment by 2029

Hacıoğlu Holding, a Turkish conglomerate active in mining, precious metals, infrastructure, energy and international investment, announced a long‑term programme to invest more than $2 billion in West Africa by 2029. The plan aims to expand new mining sites, increase production capacity, develop precious‑metal processing and refining facilities, and launch energy, water‑infrastructure and logistics projects.

Chairman Yasin Hacıoğlu said the region is central to the group’s strategic vision, emphasizing sustainable resource use and integrated industrial development. Current holdings in West Africa total about $300 million, with monthly gold output around 248 kg. The new programme will target higher‑grade ore bodies, advanced enrichment technologies and operational efficiency to boost output.

The company stresses long‑term partnerships and high corporate‑governance standards in the countries where it operates, positioning West Africa as a core pillar of its global growth strategy.