Turquoise Yachts, formerly known as Proteksan Turquoise, was founded in 1997 as a result of the merger of the two largest Turkish shipyards producing superyachts — Proteksan Yachts Inc. and Turquoise Yachts Construction. However, their first joint project was carried out three years earlier: in 1994, the shipyard worked together to create a 50-meter yacht Double Trouble (previously — Turquoise) — the first superyacht built in Turkey. Since then, more than 20 superyachts ranging in length from 44 to 77 m have been launched for customers from Europe, the USA and Russia.

Originally the shipyard was located in Tuzla, not far from Istanbul. In 2005, a production site was added in the port of Kocaeli, where hulls, superstructures and deck equipment are manufactured. In 2007 Proteksan Turquoise moved to the Pendik shipbuilding cluster near Istanbul, where new capacities were created, allowing to build simultaneously up to 8 yachts up to 85 m long.

In 2014, a controlling stake in Proteksan Turquoise was acquired by oil magnate from Oman Mohammed al-Barwani, who since 2010 also owns the famous Dutch shipyard Oceanco. The company gets a new name Turquoise Yachts, although one of its founders — Mehmet Karabeyoglu-continues to run the shipyard as CEO.

Combining the experience and technical capabilities of two shipyards, Turquoise Yacht builds yachts both steel and light aluminum alloy. In addition to the fact that today is a rarity, the shipyard is able to work with wood and build classic sailboats — such a masterpiece, for example, is the 33-meter Simba, created in 2012 in conjunction with Hoek Design.

In addition to this design Bureau, Turquoise Yachts cooperates with many other world-famous studios and designers, including Nuvolari-Lenard, H2 Yacht Design, Andrew winch and Philip Briand. At the same time, the shipyard has its own team of designers and marine architects engaged in the development of deck plans, specifications and detailed 3D-modeling. Regardless of who is working on the yacht — third-party specialists or directly employees of the shipyard, the result will be equally impressive, which proves a vast fleet of already launched superyachts.

Among the most famous yachts Turquoise-built in 2001 Mosaic (50 m), the appearance of which is designed by Dubois Naval Architects, and the interior — a duet of Donald Starkey and Christina Ferrand. In the same 2001 the 47-meter yacht of classical design Anatolia was launched. In 2006, it became the owner of johnny Depp, renaming it Vajoliroja and redesigning the interiors in the art Deco style. After this yacht under the name Amphitrite was owned by the writer J. K. Rowling. In 2013, the 72-meter mega-yacht Vicky was launched. And the largest of the fleet Turquoise Yacht is 77-meter yacht Go, debuted Monaco Yacht Show in 2018. Unlike many competitors in its niche, Turquoise Yachts does not use pre-designed "platforms": all yachts of the shipyard are built on absolutely individual projects.