Turkish property & economy news
16 August 2023
Trade Minister Bolat: ‘UAE could invest up to $30 billion in Turkiye’ Turkish Trade Minister Omer Bolat made a significant announcement indicating that the United Arab Emirates (UAE) could invest as much as $30 billion in various sectors in Turkey. These sectors include infrastructure, logistics, food, and hospital management. The cooperation between Turkey and the Gulf is part of Ankara's growing efforts to attract foreign funding.16 August 2023
299,000 passengers arrive to Turkey on cruises between January – May Turkey’s transport minister explained recently that between January and May, the country welcomed a total of just over 299,000 passengers on cruises, which was a surge of 114% compared to a year ago. He also stated that cruise tourism investments will continue and that the future looks promising, dubbing it the Century of Türkiye.15 August 2023
3.8 million flock to Turkey’s National Palaces in 6 months From January to June of 2023, the National Palaces administration under the Presidency of the Republic of Türkiye observed a notable increase of 18% in the total number of visitors to its historic palaces, mansions, and pavilions. The increase was observed among both domestic and foreign visitors.14 July 2023
New third tunnel under Bosphorus set to open in 2028 Adil Karaismailoglu, the Transport and Infrastructure Minister, explained recently that the third tunnel, officially nicknamed the “Great Istanbul Tunnel”, will be in service from 2028, connecting the European and Asian sides of Istanbul. The tunnel will be capable of serving 1.3 million passengers on a daily basis.14 July 2023
Antalya sees record 2.1 million tourists arrive Data has shown that Antalya is going through what is currently being called the best start to the year ever, with the southern resort city welcoming a record number of tourists from abroad arriving the country by plane. Between January 1 and May 7, more than 2.1 million tourists landed.14 July 2023
Istanbul University Medical Faculty new campus to open in 2024 The initial phase of construction for the new campus of the Istanbul University Medical Faculty is predicted to be completed by 2024, according to the faculty dean who gave an interview recently. This new campus is planned to be one of the most significant bases for healthcare in Turkey once completed.13 July 2023
Istanbul’s Ataturk Airport City Park opens to visitors Istanbul’s Ataturk Airport City Park opened its doors recently for visitors to walk around and enjoy the newly planted 145,300 trees along the 13,000 metres, or 42,650 feet, of pavement. This new park is the fifth largest in the world and the biggest park in the entire country of Turkey.13 July 2023
Cappadocia expecting 2023 to be best year for tourism The picturesque Turkish region of Cappadocia has hosted a record-breaking number of tourists in the first half of 2023, with the region expecting 2023 to be its record high year. Named a UNESCO world heritage site, Cappadocia is located in the central province of Nevsehir.13 July 2023
Tourists arriving to Turkiye jumps by nearly 30% The number of foreigners arriving to Turkey from January through April has leapt up by almost a third compared to only a year ago. This is according to the official data, which was released, highlighting the continued momentum that has been built up in the industry.01 June 2023
Inauguration of new metro line in Istanbul The Basaksehir-Kayasehir metro line was inaugurated by President Recep Tayyip Erdogan; this brings the total rail network of Istanbul to 325.5 kilometres, equating to over 200 miles. The president, Erdogan, spoke at the opening of the metro station named “Kayasehir”, which was completed by the Transportation and Infrastructure Ministry.01 June 2023
High hopes in Pamukkale for tourist arrivals During the first three months of the year, the UNESCO World Heritage site Pamukkale, also know as the “white paradise”, situated in western Turkey’s Denizili province, managed to attract more visitors than any previous years. In particular, the thermal facilities at Pamukkale saw an incredible surge in the number of visitors during the recent half-term holidays.01 June 2023
Number of foreign arrivals jump as tourists flood to Turkey Official data has shown that the number of foreign arrivals landing in Turkey has jumped up by 21.35% in February as tourists continue to fly to the country. Turkey has been subject to a complete rebound following the pandemic as the number of foreign travellers nears the record and all-time highs in revenue which were seen in 2022; this has prompted the government to raise its tourism estimates for the year of 2023.
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