News
29.07.2016
2566

Saudi businessmen are to invest 12 billion in tourism Turkey

Businessmen from Saudi Arabia are planning great investment in the Turkish tourism industry.  It is referred to investment of 12 billion US Dollars. The Chairman of businessmen association, Koca Mustafa, told the journalists of Star newspaper on the plans of Saudi investors. The businessman also noted that negotiations on investment direction are efficient and are held by rapid leaps. Businessmen from Saudi Arabia are very serious and are going to invest not only into tourism but also into energy industry.

Moreover, investors from Saudi Arabia are going to purchase 12 network hotels on the Turkish shores in Antalya and Istanbul. Thus, the total amount of investment makes $ 21 billion.

27.07.2016. 

Important news

All news
World News

Launched in 1972 for the purpose of Venus exploration, the spacecraft was unable to reach its goal due to a malfunction in the booster, leaving it in a high elliptical orbit around Earth.

Read more 10.05.2025
Life in Turkey

Over time, the accuracy of the measurements may decrease, leading to incorrect consumption calculations and inflated bills. The inspection will help avoid financial losses!

Read more 10.05.2025
World News

On April 22, 2025, the price of gold on the global market reached a new historical high of $3500 per ounce. This marked a clear signal amid growing anxiety in the global economy and increased demand for safe-haven assets.

Read more 22.04.2025
Life in Turkey

The Turkish Statistical Institute (TÜİK) has sent an official request to the Directorate General of Migration Management to obtain up-to-date information about the closed areas in Alanya.

Read more 22.04.2025
>