$250 million investment to build villas in Bodrum

Former İstanbul Chamber of Commerce (İTO) Chairman Mehmet Yıldırım is poised to initiate a grand project in the Aegean tourist resort of Bodrum in southwest Turkey.

His company Yıltaş has developed a project to construct a massive tourism complex including around 3,000 luxury villas along with three golf courses. The project is estimated to cost between $200 and $250 million. Yıldırım says he is ready to set up a partnership with interested foreign companies. In a meeting with several press members yesterday in İstanbul, Yıldırım underlined the importance of investing in golf, a tourism sector that he believed has the potential to improve rapidly. The complex is 14 kilometers from Milas Airport and the region is believed to be ideal for a tourism resort, overlooking with a canyon with a waterfall, although not near the sea. Yıldırım’s project also includes a hotel with 150 beds.

Source: Today's Zaman 23/10/2007