Turkish vacation resort city Bodrum sees peak in investments

Investments in the touristic hot location of Bodrum on the Turkish Riviera have strike their

Investments in the touristic hot location of Bodrum on the Turkish Riviera have strike their peak, Mayor Ahmet Aras explained Friday.

Ongoing and new investments in the southwestern resort city have arrived at a whopping $10 billion (TL 70.9 billion), Aras instructed a digital information convention.

“This involves all investments from infrastructure to tourism, lodges to hospitals, fitness centers to universities,” Aras mentioned.

He underlined that not only the personal sector but also the point out carries on to make major investments in Bodrum.

“Currently, there is a pretty appealing financial commitment ecosystem in Bodrum especially in the fields of tourism, maritime, transportation, know-how, sporting activities, renewable power and agriculture,” Aras mentioned.

Stating that the tourism and company sectors are the most essential supply of revenue for Bodrum, Aras reported the vacation resort city observed a 74% year-on-yr decline in tourism final yr thanks to the coronavirus pandemic.

The tourism sector is expected to recover as of April with the start off of the holiday getaway time in Bodrum, Aras pointed out.

Highlighting that Bodrum has hosted a significant number of travelers from Europe so far, the mayor stated initiatives to diversify the tourism industry have started.

“We attach good great importance to appeal to Russian and Ukrainian travellers,” he reported.

The vacation resort city will also aim on the MICE (meetings, incentives, conferencing, exhibitions) sector to receive far more overseas investments, Aras claimed, adding, “We are determined to make Bodrum the Davos of Turkey.”

Aras explained the municipality is doing the job to improve the range of vacationers and tourism earnings.

“We are trying to find 2.5 million international vacationers and a tourism profits of $5 billion this year by diversifying the sector to gastronomy, agriculture, health and fitness, nature, sporting activities and congresses,” he said.