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Oktay Varlier, Chairman, Turkish Tourism Investors Association (TYD), to deliver presentation at the 2003 European GOLF Investment and Real Estate Conference
September 24, 2003 -- Oktay Varlier, Chairman, Turkish Tourism Investors Association (TYD), will deliver a presentation titled 'Prospects for Turkish Tourism in the Near Future' to a distinguished audience at the 2003 European GOLF Investment and Real Estate Conference & Exhibition in Athens on November 29, 2003. Turkish parliament recently passed a new law for the purpose of encouraging large-scale tourism infrastructure investments, among them golf being the primary area of interest. Oktay will attempt to draw attention on the untouched opportunities in Turkey in view of this -- legally and economically -- very positive environment. Commenting on this important pan-European industry event, Oktay said: "In recent years, as golf courses with international standards have been put into use, Turkey is on its way of becoming a renown golf centre where players from around the world can meet in an environment full of cultural, historical and natural beauties. This conference in Athens is organised in such a time that exactly matches the new wave of investments which we expect to start, while new laws and regulations will be put into force in Turkey, which envisage so-called 'new tourism cities' around the coastal regions, i.e. very large pieces of land with all infrastructure completed, will be allocated to tourism investors who will build necessary facilities including golf courses and integrated leisure resorts. From our side, there couldn't be a better time." About the TYD The Turkish Tourism Investors Association (TYD) was established in 1988 by the principal investors and risk takers in Turkish tourism. TYD is an independent organisation whose main objective is to bring together investors and companies investing in tourism and provide assistance in their present and future plans. The total investment portfolio of TYD members is USD 17 billion representing 75% of the private sector investments in Turkish tourism. TYD members own 200 thousand beds in the accommodation sector. They have also invested in marinas and yachting, tourism oriented land and air transport, tour operating, tourist shopping centres, entertainment and recreation facilities and golf courses. Tourism is the fastest developing sector in Turkey. Between 1985-2002 the annual average growth rate is 10% in tourist arrivals and 11% in tourism revenues. In 2002, 13.2 million foreign tourists and USD 8.5 billion revenue were attained. Related link:
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