Karum Business and Shopping Center was planned together with the project of the Sheraton Hotels and Towers in 1986 by Koray-Kavala Investor Group. After a five-year period of construction, Karum became functioning in the October of 1991 with the motto of "A NEW CENTER IN ANKARA".
Its design was by Von Gerkan, Marg and Partners, architecture was by group Seyaş, and it was built by Koray Construction Industry Inc.
Since 1991, the administrative services have been undertaken by Karum Management & Trading inc., which is an affliation of NUROL GROUP of COMPANIES.