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"My idea from the start
was to create a truly
integrated city supported
by real and sustainable
economic activities.
And to do so with a
style of architecture
which matches and
enhances Oman's own
spirit and essence.
Phase One, with its
mixture of luxury, five-
and four-star hotels
and other tourism
attractions, is much
more than a mere
holiday resort. It is
designed to attract
permanent residents,
many of whom will
be working or studying
in the city or in some
way associated with
the city itself and its
variety of economic
activities." --
Ahmed Abubaker Janahi,
Vice Chairman, Al
Sawadi Investment
and Tourism Company
(Asit), developers of
 the Blue City in the
Sultanate of Oman;
owner and founder,
AAJ Holdings Ltd.,
a Bahraini-based company
with interests in various
companies around the
world which was
instrumental in the
creation of the Bahrain
Financial Harbour and
is the promoter behind
the ambitious Blue City
project at Al Sawadi;
the man behind the
vision of this massive
project in Oman, which,
at a total estimated cost
of EUR 20 billion,
contains 10 phases
over 15 years and
is one of the largest
master-planned,
mixed-use projects
ever to be developed
in the Middle East;
it will cover 34 square
kilometres of coastline
near Muscat, Oman's
capital and is expected
to attract approximately
two million tourists
annually; Phase One,
to be constructed by
a Greek-Turkish
consortium, will
include four hotels
with a total of around
1,000 rooms, two
world-class golf courses,
a shopping complex
and 5.5 square
kilometres of
freehold residential
real estate, a tourist
village, heritage village,
shopping complex,
amphitheatre, city hall
and all associated
amenities such as
a primary school,
nursery and kindergarten,
health centre, police
station, post office
and a mosque

Click to Visit

Previous conferences

INVgolf Investment Forum 2005

INVgolf Investment Forum 2005

International Golf Resort and Leisure-Integrated Real Estate Forum focusing on Europe, the Middle East, the Mediterranean basin and the Near East

"A quality conference focusing on the commercial and investment aspects of the golf development, management and resort industry is long overdue in Europe, the Middle East and Africa." -- Keith Haslam, Operations Director, PGA Golf Management Ltd., United Kingdom; member of the Steering Committee, INVgolf Investment Forum 2005 (PGA Golf Management is part of the commercial division of the PGA and offers management and marketing services to owners and developers of golf facilities. In addition to working with St Andrews Links Trust (a charitable organisation established in 1974, which is responsible for the management and maintenance of the Links courses at St Andrews in Scotland, including the famous Old Course, which hosted this year's Open Championship), it has clients and projects in Ireland, France, Spain, Crete, Kuwait and the Kingdom of Bahrain)

On April 23-24, 2005, INVgolf organised its two-day conference focusing on the commercial and investment aspects of the golf development, management and residential resort industry in Europe, the Middle East, the Mediterranean basin and the Near East.

The INVgolf Investment Forum in Belek attracted leading developers, project managers, owners, specialists, investors and other professionals, mainly from Europe and North America. Speakers from around the world outlined how golf developments and associated resorts were scheduled for "rapid take off" in many countries, particularly in Southern and Eastern Europe as well as the Mediterranean basin (including North Africa). Many of the environmental and social concerns of such development were raised. Several case studies and investment presentations of developments in Poland, U.A.E., Greece, Turkey and Germany were also presented during the forum.

Turkey is becoming a favourable investment and development location, which is no doubt assisted by its European club aspirations. Currently property is relatively cheap and the opportunities will no doubt be enhanced by the imminent arrival of the low-cost airlines.

The INVgolf Investment Forum 2005 was held a few days after the Turkish Prime Minister officially opened a new second terminal at the Antalya International Airport. AYTerminal2, Turkey's second-biggest terminal with a passenger capacity of 10 million per annum, opened its doors on April 17, 2005.

Pine Bay Sar?germe Golf Resort
Photo courtesy of Göçay Tourism Investment Inc.

But it is important for Turkey to stand back a little, in the rush to develop the tourism bonanza and ensure that a holistic approach is applied to the planning process with experienced consultancy teams and responsible developers. [more...]

Who?

When?

Friday, April 22 and Saturday, April 23, 2005

Where?

Gloria Golf Resort, Acisu Mevkii, Belek, Serik, Antalya, Turkey

What focus?

  • Golf course and integrated golf resort development in n Europe, the Middle East, the Mediterranean basin and the Near East

  • Leisure-integrated real estate developments with golf, spa, equestrian, polo and other amenities

  • Business, investment and partnership opportunities in Turkey and the EMEA region

What concept?

  • Two-day conference with high-calibre speakers and delegates from four continents

  • One-on-one matchmaking and international partnership meetings

  • Investment project presentations of current and up-and-coming investment opportunities

  • Case studies

  • "The Future is Green" sponsor's exhibition

  • Top-level networking opportunities

  • Explore partnership opportunities

  • Golf outing and Gala Evening & Awards Ceremony on April 23

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Golf investors encouraged to embrace sustainable development

At the INVgolf Investment Forum 2005 in Antalya, Turkey, the delegates received a number of presentations on the need for future golf projects to embrace the principles of sustainable development.

Speakers from around the world outlined how golf developments and associated resorts were scheduled for "rapid take off" in many countries, particularly in southern and eastern Europe. Many of the environmental and social concerns of such development were raised.

Jonathan Smith, CEO of the Committed to Green Foundation, summarised the need for golf developments to address important social and environmental issues, and emphasised that in the future, land for golf development will increasingly be restricted to development types which are sustainable. He also highlighted the need for more consistent application of Environmental Impact Assessment, as a means to improve communication between developers, planning authorities and communities on the actual positive and negative environmental impacts of a development.

Also speaking at the event, Jeremy Slessor of European Golf Design Ltd. supported this approach and highlighted the role of the golf course architect in integrating environmental best practices into site master-planning and detailed course design features.

Common queries amongst delegates focused on issues of water supply, water quality, habitat and species conservation (deforestation in particular), protection of cultural heritage and land use planning.

It was widely felt that some credible, practical guidance on sustainable development of golf courses would be useful. This had the potential to guide developers and also provide a reference for planning authorities to assist them in assessing individual golf development proposals. [more...]

A particularly articulate and poignant presentation came from Chris Panfil, Managing Director of Hart Howerton, London. He described how traditional golf resorts have tended to maximise the real estate exposure onto golf fairways, which has all too often led to generic and fairly non-distinct places. Conversely, some of the most successful resorts place golf as the central organising landscape strategy where real estate is consolidated surrounding a resort centre or golf village. Stunning landscapes have always been critical to establishing a setting and a sense of place for the most successful resorts. Golf can also be a vital component in enhancing the landscape. [more...]

To view all the presentations delivered at the INVgolf Investment Forum 2005, order the limited-edition INVgolf CD Rom 2005 today!

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INVgolf names honorees for 2005 Europe, Middle East and Africa (EMEA) Awards

The following companies and organisations have been recognised by INVgolf at its 2005 Investment Forum for their outstanding achievements:

  • INVgolf Award for Best Management of a Golf Venue in the EMEA Region 2005:
    Troon Golf, Switzerland / USA; Golf Venue: The Grove, known as 'London's Country Estate' (Troon Golf manages operations at more than 160 courses located in 27 states and 18 countries)

  • INVgolf Award for Sustainable Golf Development 2005:
    The Environmental Institute for Golf
    "On behalf of Greg, I would like to thank INVgolf for honoring the Environmental Institute for Golf with the 2005 Award for Sustainable Golf Development. The Institute is something Greg is very passionate about, and he is extremely pleased that The Institute's efforts are being recognised by prestigious organisations, especially those outside the United States. This clearly demonstrates that the efforts of so many at The Institute and the Golf Course Superintendents Association of America are very much worthwhile."
    -- Brian Stevens, Greg Norman's Communications Director, Great White Shark Enterprises, Jupiter, Florida, USA. The Environmental Institute for Golf, the philanthropic organisation of the Golf Course Superintendents Association of America (GCSAA), is a collaborative effort of the environmental and golf communities, dedicated to strengthening the compatibility of golf with the natural environment. The Institute concentrates on delivering programs and services involving information collection, research, education and outreach that communicate the best management practices of environmental stewardship on the golf course. Since 1926, GCSAA has been the leading professional association for the men and women who manage golf courses in the United States and world-wide. From its headquarters in Lawrence, Kan., the association provides education, information and representation to more than 21,000 individual members in more than 72 countries. GCSAA's mission is to serve its members, advance their profession and enhance the enjoyment, growth and vitality of the game of golf.

  • INVgolf Award for Most Promising Golf Destination 2005:
    Republic of Turkey (the award was accepted on behalf of Turkey by the Ministry of Culture and Tourism)

  • INVgolf Award for the EMEA's Most Promising Developer of Golf Courses Focused on Environmentally-Sound Principles and Practices 2005
    Nakheel Golf

  • INVgolf Award for Best Golf Course Architecture of an Environmentally-Sound Golf Project in the EMEA Region 2005
    Arthur Hills/Steve Forrest & Associates for the design of Quinta da Marinha Oiavos Golfe, Cascais, Portugal

INVgolf's prestigious awards were presented at the forum's award ceremony, which was held at the Gloria Convention Centre in Belek, April 23. The gala dinner was attended by developers, investors, policy makers and leading experts from Europe, North America, Australia, Asia, the Mediterranean and the Near East.

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Speakers, panellists and moderators

  • Alexander Baron von Spoercken, CEO, Clubhaus AG, Germany; Vice-President, European Golf Course Owners Association (EGCOA), The Netherlands; Co-Founder & Chairman, German Golf Course Owners Association (BVGA), Germany

  • Lodewijk Klootwijk, Executive Director, European Golf Course Owners Association (EGCA), The Netherlands

  • Martin Armitstead, Director of Hotels, RH International (affiliated with Cushman & Wakefield Healey & Baker), UK

  • Keith Haslam, Operations Director, PGA Golf Management, UK

  • Muriel Muirden, Managing Director, Europe, Africa and the Middle East, Economics Research Associates (ERA), UK / USA

  • Omer K. Isvan, President & CEO, Servotel Corporation, UK; President, Young Businessmen Association of Turkey (GYIAD)

  • J. Christoph Panfil, Managing Director, Hart Howerton, UK / USA

  • Kevin Scholl, Vice President, Wimberly Allison Tong & Goo (WATG), UK / USA

  • Jeremy Slessor, Managing Director, European Golf Design Ltd., UK

  • Paul Dellanzo, Vice President European Operations, Troon Golf, Switzerland / USA

  • Ken Moodie, Vice President, European Institute of Golf Course Architects (EIGCA), UK

  • Colin Hegarty, President, Golf Research Group, USA / UK

  • Ronald Fream, Golf Course Architect, Golfplan -- Fream & Dale, USA

  • John Moore, Export Regional Sales Manager, Ransomes Jacobsen Ltd., UK

  • Rick Jacobson, Golf Course Architect, Jacobson Golf Course Design, Inc., USA

  • Jens Bernitzky, Sales & Marketing Director, Hartl Life Resort (Europe's largest Golf and Spa Resort), Germany

  • Dr. Falk Billion, independent golf course appraiser / valuer and Co-Founder & Chairman of the Advisory Board, German Golf Course Owners Association (BVGA), Germany

  • Angeles Garcia-Tenorio, Business Development Manager, RCI Europe & Middle East (Cendant Group), Spain / USA

  • Harun Moreno, General Manager, Alarko GYO A.S. (Real Estate Investment Company), Turkey; Vice Chair At-Large, ULI (Urban Land Institute) Turkey Executive Committee; Member of the Board, The Association of Real Estate Investment Companies (GYODER), Turkey

  • Nahit Ozturkcan, Member of the Board, The Association of Real Estate Investment Companies (GYODER), Turkey; President, Real Estate Development Committee, GYODER

  • Tevfik Turel, Senior Vice President & Director of Global Land Projects, Stewart International, USA, and Country Manager, Stewart International A.S., Turkey

  • Edward Anania, Executive Vice President & Director of Title Operations, Stewart International, USA

  • Ayhan Yeginsu, Managing Director, LDC - Leisure Development Consultants, UK

  • Ahmet A. Agaoglu, President, Turkish Golf Federation, Turkey

  • Peter Michel Heilmann, Founder & Director, INVgolf, Greece

  • Jonathan Smith, Chief Executive, Committed to Green Foundation, United Kingdom

  • ...and others

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Local support

Locally, the INVgolf Investment Forum 2005 is officially supported by the Association of Real Estate Investment Companies (GYODER), the Turkish Tourism Investors Association (TYD), which is currently Vice-Chairman of the WTO Business Council, the Belek Tourism Investors Association (BETUYAB), the Turkish Golf Federation (TGF), the American Business Forum in Turkey (ABFT, an Affiliate of the U.S. Chamber of Commerce) and Young Businessmen Association of Turkey (GYIAD).

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Speakers' corner

"I look forward to a lively debate while chairing the 'Sustainable Development' panel. The balance between environmentally sensitive design, financial feasibility, and the regulatory context is becoming increasingly relevant to the development of golf resort communities world-wide. Issues of sustainability will be especially important for Turkey as it hopes to develop into the prime golf destination in the Eastern Mediterranean." -- J. Christoph Panfil , Managing Director, Hart Howerton, a group of 120 design professionals who focus on Designing Complete Environments through land planning, architecture, landscape architecture and interior design with offices in London, New York, San Francisco, as well as in Hawaii, Vail, Park City, and Minneapolis, USA; Chris will be chairing the 'Sustainable Development' panel on April 22

"As a hotel development consultant we are increasingly brought in to advise on destination and golf resort development, which represents a huge growth sector especially in emerging touristic locations. Very few owners/developers appreciate the need to integrate a range of facilities and to design these in an integrated and efficient way, and sadly few operators have the skills to leverage the profit potential whilst giving a seamless guest experience. This conference provides a unique forum for all involved -- whether owners, developers, investors, consultants, analysts, operators or suppliers -- to really explore the issues, learn and benefit from this very special forum." -- Martin Armitstead, Director of Hotels, RH International (affiliated with Cushman and Wakefield); member of the Steering Committee, INVgolf Investment Forum 2005

"Owning and operating a golf course is a rewarding business, provided you have got the necessary know-how and can transfer it into value added. Location, product and management are the three key factors to the success of any golf course. The INVgolf Investment Forum 2005 in Belek is the place to immerse into the very actual state of the art of the golf industry, providing its high-level delegates with a unique international industry and investment platform and a 'one-stop shop' experience." -- Dr. Falk Billion, an independent golf course appraiser/valuer based in Munich and Co-Founder & Chairman, German Golf Course Owners Association (BVGA e.V.).; Falk will join the "Five Experts Comment on Three Projects in Three Countries" interactive session on April 22

"I am delighted to present our unique Seeburg project in Berlin to the high-level delegates of the INVgolf Investment Forum 2005 from around the world," says A. Baron von Spoercken. "This is a unique development that will include a superb hotel with 175 rooms, 10 suites, 65 apartments, conference rooms and facilities, a wellness oasis with sauna landscape, fitness, massage and beauty parlours, two restaurants with bar facilities, an 18-hole championship golf course with practice facilities, a clubhouse with 12 apartments, a roof terrace, pro shop, restaurant, bar and other amenities. The freehold to this 87 ha. property is owned by Clubhaus AG, which is an innovative, dynamic and leading German company making its mark in the golf and leisure industry in my country. We are currently actively pursuing strategic partners and interested investors in order to implement this extraordinary project and develop an oasis just 20 minutes west of the Brandenburg Gate in Germany's capital city." -- Alexander Baron von Spoercken, CEO, Clubhaus AG and Vice-President, European Golf Course Owners Association (EGCOA); A. Baron von Spoercken will present the Seeburg Project during the 'Five Experts Comment on Four Projects in Three Countries' interactive session on April 22

"I am delighted to join the 'Sustainable Development' panel at the INVgolf Investment Forum 2005 on April 22. It is very important that this issue is properly addressed at the forum, because of the importance of Golf, not just to Development and Tourism, but also to the area as a whole. It is a marvellous event of international proportions and fits well with our brand. We are proud to be participating as sponsors of this event and will be eager to meet with resort owners, operators, investors, developers and other top-level strategic partners during this investment forum of strategic significance to the industry in Europe, the Middle East, the Mediterranean basin and the Near East, including Turkey." -- John Moore, Export Regional Sales Manager, Ransomes Jacobsen Ltd.

"The European Institute of Golf Course Architects are very pleased to be represented at the second INVgolf Investment Forum 2005 to be held in Belek, Antalya, Turkey. With environmental and sustainability issues becoming increasingly important considerations for developers of golf and real estate projects, the involvement of properly qualified golf course architects, which the European Institute of Golf Course Architects represent, will be increasingly important. The success of a project depends on building a top-class team of experts who can work closely in the master-planning of a development and throughout its implementation to ensure that the quality of the detailing matches the excellence of the original concept. The eastern Mediterranean countries represent a growth area in golf course development and one in which the expertise and knowledge of our members should be called upon." -- Kenneth J. Moodie, Vice President, European Institute of Golf Course Architects (EIGCA), and Principal, Creative Golf Design, UK

"Golf developments, if planned, designed and managed correctly, provide the opportunity for considerable economic, social and environmental enhancement. However, done badly, they can meet with considerable opposition, go through protracted and often fruitless planning processes and harm local environments and communities. With tightening environmental and planning legislation, it has never been so important for golf to demonstrate its commitment to sustainable development. This effort is fundamental to the future growth and success of the golf industry. INVgolf Investment Forum 2005 offers a vital opportunity to learn more about sustainable development, discuss best practice examples and to consider its application in future golf developments." -- Jonathan Smith, Chief Executive, Committed to Green Foundation, UK

"I am delighted to participate in the 'Sustainable Development' panel to discuss the significance of this dynamic approach to planning and design. It is incumbent upon us professionals in the development industry to leave a legacy of fiscal, social and environmental responsibility for future generations." -- Rick Jacobson, President, Jacobson Golf Course Design, Inc.; Member, American Society of Golf Course Architects (ASGCA), USA

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Steering Committee of the INVgolf Investment Forum 2005

Co-Chairmen:

Martin Armitstead

Martin Armitstead, Director, Cushman & Wakefield Hotels (incorporating RHI Hotels)

Alex Hillston

Alex Hillston, Vice President, Albatross Investments & Developments

Members (in alphabetical order):

Keith Haslam

Keith Haslam, Operations Director, PGA Golf Management

Colin Hegarty

Colin Hegarty, President, Golf Research Group (GRG)

Peter Michel Heilmann

Peter Michel Heilmann, Founder & Director, INVgolf

Kevin Scholl

Kevin Scholl, Vice President, Wimberly Allison Tong & Goo (WATG)

Jeremy Slessor

Jeremy Slessor, Managing Director, European Golf Design Ltd. (EGD received the "INVgolf Best Golf Course Designer in Europe Award' at the 2003 European GOLF Investment and Real Estate Conference & Exhibition in Athens, organised by INVgolf in November 2003)

Tevfik Turel

Tevfik Turel, SVP, Director of Eurasia and Middle East Operations, Stewart International, Stewart International

Special Adviser to the Steering Committee:

Ayhan Yeginsu

Ayhan Yeginsu, Managing Director, LDC - Leisure Development Consultants

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