ALKE was established in 1955 by civil engineer MSc Ayhan Kemaloglu and civil engineer MSc Hazim Alakavuk in Antalya. In between years 1955 and 1960, ALKE mainly undertook projects such as irrigation, building constructions, and bridges as a contractor. Consequently, between the years 1960 and 1970, both infrastructure and superstructure projects larger in size have been undertaken. 1970's were a highlight in ALKE's history for expansion thanks to its vast experience in general contracting in certain fields enabling it to be qualified as one of the leading contractors in Turkey.

Today ALKE is an important player in the international construction arena, having completed important projects in various countries including Kazakhstan, Russia, Azerbaijan, Oman, Romania, Maldives... Some of the recent signature projects include Melen Water Transmission Project (the first intercontinental underwater tunnel in the world), Ambarli Waste Water Treatment Plant (largest waste water treatment plant in Europe), and Astana Olympic Stadium.

Up to year 1987, investments were made in different sectors. A flour factory in Antalya and a steel kitchenware factory in Izmir were established. Investments in cosmetics were realized in Ankara and Izmir resulting in implementation of direct selling systems – one of ALKE's specialties, for the first time in Turkey.

In 1995, ALKE decided to expand its interests and started investing in the tourism sector by opening two water amusement parks in Antalya and Adana in 1996, and 1998, respectively. Spread out to 400,000 m2 of land, Beachpark entertainment and shopping complex in Konyalti, Antalya had its debut in 2002. The same year also witnessed the opening of Dolphinland – a dolphin show facility for amusement and health therapy. In April of 2003, 650 bed capacity deluxe hotel Hillside Su was taken into operation.

In 2007, ALKE took a strategic decision to invest in renewable energy sector, and started setting up manufacturing plants for producing steel towers and composite blades for wind turbines. ALKE currently produces steel towers through its subsidiary EGE Towers in its 10,000m2 facility, and services world's leading wind turbine companies.