Alarko Holding A.S. engages in the contracting, construction, land development, industry, trade, tourism, and energy businesses in Turkey and internationally. It develops projects, such as airports, rail systems, large scale infrastructure works, industrial plants, business centers, hotels, and hospitals. The company also engages in the power generation, distribution, and retail sale in Turkey. In addition, it manufactures air handling units, roof-mounted air-conditioners, conventional and condensing combi boilers, fuel oil, heavy oil and gas-fueled boilers, submersible pumps and motors, and circulation pumps and water boosters. Further, it operates hotels, sports centers, spa centers, and movie theaters; publishes Hillsider quarterly magazine; constructs, manages, and operates commercial and residential buildings; and designs and offers satellite towns with full infrastructure and recreational areas. Alarko Holding A.S. was founded in 1954 and is headquartered in Istanbul, Turkey.