‘World’s richest man’ to invest in Turkish market

Turkey and Mexico need to sign a free trade deal and lift trade barriers, says Rifat Hisarcıklıoğlu, head of Turkey’s Union of Chambers and Commodity Exchanges

Draft bill will enable citizens of Gulf countries to buy real estate in Turkey

Good news is afoot for Arab and Russian investors who want to buy property in Turkey. A bill for a new law which will allow citizens of countries previously banned from such transactions to purchase real estate in Turkey is almost finalized, and is expected to be submitted to Parliament very soon.

New legislation to facilitate property sales to foreigners

The drafting of a bill which will facilitate the sale of land to foreigners has been completed. The construction and real estate Turkey sectors have high hopes for the bill, which will amend title deed laws and change the current reciprocity requirement. If the bill, which introduces new regulations concerning the sale of property to foreigners, is passed by Parliament, it will facilitate the acquisition of real estate by foreigners.
This week, the bill, which has been drafted at the request of the Environment and Urbanization Minister, Erdoğan Bayraktar, will be discussed in Parliament. The bill is one of a number which will receive preferential attention at Parliament. Speaking to Today's Zaman, Justice and Development Party (AK Party) Parliamentary Group Deputy Chairman Ahmet Aydın said that the bill created expectations among the public. When he was reminded that the agriculture sector has some concerns despite positive expectations from the construction and real estate Turkey sectors, Aydın underlined that during the drafting process of the bill they have considered all concerned parties.

First Int’l Green Building Summit begins

First International Green Building Summit, which aims to create awareness in Turkey about the environmental impacts of buildings and to raise the level of know-how, kicked off in Istanbul on Monday.
The two-day summit is organized by the Turkish Green Building Council (TGBC) –-part of the World Green Building Council (WGBC) network -- with the support from the Ministry of Environment and Urbanism. Chairman of TGBC Haluk Sur and Chairman of WGBC Rick Fedrizzi as well as Environment and Urbanism Minister Erdoğan Bayraktar, Chairman of Capital Markets Board of Turkey Vedat Akgiray and President of Housing Development Administration (TOKİ) Ahmet Haluk Karabel spoke at the opening ceremony.

Trump Towers Mall opens next month

Donald Trump and Ivanka Trump will participate in the inauguration of the Istanbul Trump Towers Mall when it is officially opened April 20.

The majority of the stores at the massive mall complex in Şişli’s Mecidiyeköy area will open to the public March 15, but the official opening ceremony will take place April 20.

Hilton branch to come to Kuşadası Hilton branch to come to Kuşadası

Hilton’s Double Tree hotel is planning to open its first hotel in Turkey’s Aegean region, in the resort town of Kuşadası, in March 2013.

Istanbul’s finance center taking shape

The Turkish government has completed preparations for the Istanbul Finance Center to be constructed soon, said Turkish Environment and Urban Planning Minister Erdoğan Bayraktar yesterday, noting that the new finance center would be bigger than the world’s largest finance centers in New York, London and Dubai.