25 December 2015 Investment

Turkey: Yalova يلوة .. Town of Future Projects

Yalova (Turkey) - Real estate sector is considered the pioneers in the city of Yalova, one of the most important cities that can host future investments thanks to the currently ongoing mega investments projects due to its important geographic location and its proximity to Istanbul.

Yalova that is getting interest and great demand by Arabs is currently experiencing a lot of tourism projects and highways.

A study prepared by Ahmad Durmuş, real estate valuation expert in (EVA) company one of the leading companies in the real estate assessment sector in Turkey shows that the change in the city of Yalova began initially with the construction of the highway between Gebze, Izmir and Orhan Gazi.

Completion of the project is expected in 2016. It is said that this huge project will reduces the distance between Istanbul and Izmir to 3.5 hours and will save about $ 650 million a year.

Durmuş mentioned that this project will facilitate access to the city of Yalova from major cities such as Istanbul, Izmir and Bursa, and he explained that the ease of transport movement in the city will contribute to industrial production increase and economic life revival.

Hot water resorts in Ormutlo area comprise the most important tourism resources in Yalova for being classified as thermal first class resorts in Turkey.

By Zaman Arabic

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