Turkey Property sales promise high revenue

The Turkish government expects a substantial amount of revenue from real estate sales Turkey to foreigners, said Turkish Environment and Urban Planning Minister Erdoğan Bayraktar yesterday.

CATHIC conference focuses on Turkey’s economic promise

Yapi Kredi Bank’s Cevdet Akçay kicked off the CATHIC conference with a rousing call to Turkey’s economic and financial community to improve its communication with the rest of the World.  “Turkey has a perception problem because we are not doing a good PR job on our economy.  My idol is Brazil because there are many similarities between our economies, but Brazil is doing an excellent job of managing the perceptions of their economy”.

Abraaj Plans New Turkish Buyouts in 2012 After Acibadem Exit

Abraaj Capital Ltd., the Middle East’s biggest buyout firm, will buy more Turkish companies this year after it raised about $1 billion from selling the Turkish hospital chain Acibadem Saglik Hizmetleri & Ticaret AS.

The Dubai-based private equity firm, which has about $6.5 billion of assets under management, is currently in “significant negotiations with three or four companies” in Turkey, Selcuk Yorgancioglu, Abraaj’s country chief for Turkey, said in an interview in Istanbul yesterday.

Hilton to set up 13 new hotels in Turkey in two years

International hotel chain Hilton Worldwide announced plans to open 13 new hotels in Turkey, increasing the number of Hilton-branded lodging facilities in the country to 33. Turkey’s bridging position between the East and the West, and the country’s rising popularity as a tourism destination have lured the likes of Nikki Beach Hotels, MGM, Emaar, Bvlgari, Armani, Jumeriah, Shangri-La, Mandarin, Rezidor, Wyndam Hotels and Soho House to invest in Turkey’s various cities. Istanbul, alone, will be home to 100 new hotels, some 40 of them 5-star class, over the next two years, taking the city’s bed capacity to 100,000.

Massive complex to turn Istanbul into an ‘international finance center’

The project to turn Turkey’s megacity into an international finance center is coming to fruition as the planning phase gives way to construction. Within the framework devised by the Turkish government, the Istanbul Financial Center (IFC) project will house the head offices of the country’s governing bodies of financial markets, state-owned banks and related businesses.

Turkey Property sales draft at commission

A draft law increasing the limit on the area of land that foreign nationals are allowed to acquire will be on the agenda of the Turkish Parliamentary Justice Commission next week.

Turkey Property is an attractive $ 30 billion of capital projects funds to attract the next 3-5 years, said the Gulf.

With the world's largest oil and natural gas resources in the Gulf region countries (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman) is increasing with each passing year the interest on investment in Turkey.

Gulf countries are estimated to be over $ 2.5 trillion, the world's largest investment funds focusing on the Gulf-which, according to officials from the Turkish Capital, the total value of funds in the Gulf for $ 2.5 trillion, 1.8 trillion dollars in foreign investment goes.