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Black Sea Region in Turkey: Tourism and Investment Are Booming

Turkey, in general, and the Black Sea region in particular have witnessed an unprecedented turnout in the tourism sector....

Black Sea Region in Turkey: Tourism and Investment Are Booming
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2018-02-20 Last update 2020-02-13

Black Sea Region in Turkey: Tourism and Investment Are Booming

Turkey, in general, and the Black Sea region, in particular, have witnessed an unprecedented turnout in the tourism sector. Several cities on the Black Sea coast have launched a number of facilities to promote tourism. This contributed to the increase in the number of Arabs coming to it for tourism in 2017 by 40 percent, compared to 2016.

In addition to the high demand for tourists, the region is witnessing an increase in the number of investors as well. For example, the city of Urdu is attracting a large number of Arab companies to invest also, especially in the areas of real estate and hotels.

Arab investors are currently building hotels and tourist villages in the region, especially in the Gampashi Plateau, which is about 2,000 meters above sea level.

Experts note that the opening of the airport, "Urdu-Girasson" in 2015, which was created on the surface of the sea, has positively affected the tourism sector and investments in the region in general, especially after the start of Turkish Airlines direct flights between the cities of the region and the Arab countries.

According to the data, Saudi citizens ranked first in real estate in the region, as well as extensive activity in the ownership of real estate in the region by Iraqi and Kuwaiti investors.

Economists attributed the real estate sector to the Turkish government facilities for investors, as well as the rapidly evolving infrastructure in the Black Sea region.

The situation in the region is a model of foreign and Arab demand for Turkish markets, which is witnessing a large influx of international capital because of the stability and safety available.

Source: Daily Sabah

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