Chinese Come to Istanbul For Investment

Istanbul was and remains the most popular place for investment. The successful geographical location of the city and the mild climate make Istanbul one of the world’s trade and tourist destinations. At the same time the attractiveness of Istanbul is noted not only by local investors, but also by investors around the world. Now it became known that Chinese investors are interested in investing in tourism in Istanbul. The head of the leading company in China Wanda Group and Turkish construction company Mar Yapi signed an agreement on strategic cooperation.

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This agreement involves the construction of a new hotel in Istanbul. It is planned that the first hotel Vanda Vista Hotel will be put into operation already in 2018. The hotel will be built taking into account the latest fashion trends and will become another decoration of the city and the entire world hotel group Wanda Hotels & Resorts. The project for the construction of a new hotel in Istanbul includes 150 hotel rooms, and the total cost of the project is estimated by experts at $ 150 million.

According to statistics, the total number of tourists from China who visited Turkey over the past two years is about 480 thousand. Of which 167,000 tourists visited Turkey in 2016. But Chinese investors see great potential in the Turkish tourism industry. Despite some political problems that took place in 2016, foreign investors trust the politics and economy of the country as a whole. And the construction of a new world-class hotel will create stronger partnerships for China and Turkey in tourism.

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    fatma Written by:

    Fatma Şahin fatmasahin@istanbulinvestments.com

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