Turkish Banks Invest in Energy Projects
18th March 09 Banks in Turkey are to provide funds for energy projects by utilising their own resources and those of the European Investment Bank and the World Bank as well as foreign lenders and development agencies. Turkish banks have been lending support to the energy projects after demand in the industry surged and cash [...]
Poti Free Industrial Zone Project unveiled by RAKIA
16th March 09 RAKIA, an affiliate of state owned real estate company Rakeen, have announced a USD 200m investment in to Poti Free Industrial Zone (FIZ) in Georgia. This Ras al Khaimah investment is set to boost the project, which is the first Free Industrial Zone in Georgia and the Caucasus Region. The project will [...]
Turkish Counsellor awarded the ‘Golden Needle’
12th March 2009 On the first day of the International Tourism Exchange (ITB) exhibition in Berlin, the Project Leader of the ITB Messe Berlin GmbH awarded the “Golden Needle†to Erol Ozudogru, the Counsellor of Turkey. This was awarded to highlight the special commitment of the Counsellor for his successful work for the ITB. This [...]
Dubai tops in Hotel occupancies and RevPAR
11th March 2009 The latest report by Deloitte Touche on the global top rankings for hotels based on their revenue per available hotel room (RevPAR), occupancies and their average room rate is evidence of the robust Dubai tourism market. The report ranked Dubai high up on the top 20 global list for all three categories [...]
Spain receives 600M injection to boost tourism industry
Tuesday, 10th March 2009 €600m is to be injected into Spain’s tourism and property sectors, the Spanish Government has announced today. This contributes to a total of €1 billion of investments announced in the past months. The money will be invested in existing hotels in the country’s most popular resorts in order to compete with [...]