7/23/2008

Investors eye Anatolia

Sabah – Anatolia has been the favourite place of domestic and foreign investors for retail and shopping centre investments. According to data of Shopping Centres and Retailers Association (AMPD), total turnover of retail sector, the fourth biggest sector in Turkey after energy, education and health, were 136.9 billion dollars in 2006 and 150 billion dollars in 2007 and is anticipated to reach 199 billion dollars until 2010. Meanwhile, there are 64 active shopping centres, 47 shopping centres under construction and 42 shopping centres being planned to be constructed in Istanbul whereas there are 135 active shopping centres, 78 shopping centres under construction and 109 shopping centres being planned to be constructed in Anatolia. Total retail investments were around 3 billion dollars in terms of costs and around 6-8 billion dollars in terms of investment size in 2006 whereas total retail investments were 5.5 billion dollars in terms of costs and 10-15 billion dollars in terms of investment size. Multi Turkmall CEO and AMPD Board Member Levent Eyuboglu noted that Anatolia had great potential for investors in terms of shopping centre and retail investments and said, “Anatolia is newly discovered by the retailers. Domestic and foreign investors started making shopping centre investments in Anatolian provinces. Commercial potential of metropolises will be caught in Anatolia, as well. There is a long path to be followed.”

ENGLISH