1/17/2012

US firm building USD 36 million mall in southeastern Turkey

Hurriyet Daily News - Investing in Turkey is more profitable than investing in China, according to Martin Carver, Chief Executive of a US-based company that recently invested USD 36 million in a shopping mall, aqua park and hotel in Turkey’s southeastern province of Mardin.

“Upon meeting with some local businessmen in Mardin, I have decided to invest in the project,” said Carver, Head of MG Consulting, while speaking to Hürriyet Daily News during a recent interview in Istanbul. “I see no economic growth in European markets. That is why I would rather invest in Turkey,” he said.

Movapark, a shopping mall project in Mardin, will have a total area of 54,000 square meters in addition to an aqua park. “After completing the mall and aqua park project, we will also start the construction of a five-star hotel with nearly 300 rooms,” he said.

Following the death of his father Roy J. Carver, founder of the US-based Bandag tire chain, Carver served on the company’s board between 1981 and 2007. The company was sold to Bridgestone in December 2006 for nearly USD 1 billion, so Carver began investing in promising projects in multiple countries, including China, Brazil, South Korea, Singapore and finally Turkey.
Turkey; mardin; retail sector; turkey shopping mall projects; southeastern turkey opportunities; mg consulting

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