“Turkey’s population, currently at 70 million, is predicted to exceed 85 million by 2025, at which time it will be larger than the population of Germany. Needless to say, the impact of this is not limited to residential real estate – demand generated by a young and growing population also impacts retail, logistics and more.”
These are the words of the eminent, internationally known professional/entrepreneur Hakan Ferhatoglu,a seasoned real estate investor, founder of Nutraslim and co-founder of Meksa Securities/holdings, who recently spoke to a distinguished audience at a DEİK (The Foreign Relations Board of Turkish Chamber of Commerce) event during the visit of the delegation of the Turkish President Gul in Riyadh.
Hakan Ferhatoglu is currently the executive chairman of Ata Invest Dubai, a subsidiary of Ata Invest, the largest independent investment banking house in Turkey, with a special mandate to help grow Ata Dubai as a regional player.
Hakan Ferhatoglu is also an executive board member of Ata Construction and land development, a reputable firm that invests in and develops real estate in Turkey preferably with G.C.C. investors/developers.
Hakan Ferhatoglu is a member of the Executive Comittee of UAE-Turkey Board and Chairman of the Finance Comittee for DEİK. In addition, Hakan Ferhatoglu is a member of TABA and GİAD.
Hakan Ferhatoglu also said, “Continued positive GDP growth is the focal part of the Turkish real estate story, but an equally important dynamic is its location.” Hakan Ferhatoglu continued, “Turkey’s strategic position as a crossroads is more important now than at any time since the 1980s. We see this on the political front, in manufacturing and logistics and also in the consumption and the transportation of energy.”
In addition, Hakan Ferhatoglu told his audience, “Turkey is the site of seven operating or planned pipelines and a key component in Europe’s strategy for energy independence. This fact...adds a new and powerful dimension to Turkey’s candidacy for full membership in the European Union
Hakan Ferhatoglu noted: “Turkey is the largest, most accessible, most stable and most transparent emerging market in the greater European region...it is attracting foreign businesses like never before. Istanbul and its surroundings in particular are increasingly being selected by major multinationals not only as manufacturing and supply hubs, but also as regional management centers.”
In this dynamic keynote speech, Hakan Ferhatoglu concluded, “Our countries share common...values and traditions. I think as businessman, we also share common goals and a vision of how the world should be. Real estate, which is all about building, is the perfect place to start investing in that future, building that vision.”
Hakan Ferhatoglu continued: “It is now the right time to build a two-way bridge between our complementary markets – more importantly, between people that understand and trust one another.”
Hakan Ferhatoglu is a well-recognized name in the business circles in Turkey ,the CIS and the GCC.Hakan Ferhatoglu is also well known in the finance and government contracting world in the US as those work relate to Turkey. However as a versatile businessman and a seasoned investor in the Turkish Real Estate ,Hakan Ferhatoglu s comments are specially valued in the RE investments domain.
As chairman of the finance committee of DEİK (The Foreign Relations Board of Turkish Chamber of Commerce) for the United Arab Emirates, Hakan Ferhatoglu recently spoke to a distinguished audience.
“I think what’s most important to note here is, not only Turkey’s openness to foreign investors, but also foreign investors’ enthusiasm for the Turkish market, which...now ranks among the top FDI destinations in the world,” Hakan Ferhatoglu said.
Also, Hakan Ferhatoglu pointed out, “In 2007, the only market with yields higher than Istanbul was Moscow. The difference you’ll see in 2009 is that, unlike Moscow’s yields, Istanbul’s yields will hold up because they’re backed by a solid economy with a developed manufacturing sector, a growing logistics industry, strong internal demand, as well as a powerful agricultural and food products sector.”
Hakan Ferhatoglu also added, “Turkey is within just four hours flying time of the UK, Western Europe, the Middle East and North Africa. Turkey’s location at the crossroads of East and West, its status as a bridge linking Europe to the Middle East and the Central Asia, makes it a natural market for logistics, which...is expected to grow by at least 15 percent per year over the next five years, possibly faster if the global economy picks up by the end of this year.”
Hakan Ferhatoglu looks to the positive side of an otherwise slippery marketplace. “[Turkey is] a country that truly is a marvel of both natural beauty and historic splendor, a combination of riches that has made Turkey one of the world’s Top 10 tourist destinations,” Hakan Ferhatoglu emphasized.
Hakan Ferhatoglu believes “Turkey’s continuing double-digit growth in tourism...ensures strong long-term growth in the hospitality segment. Double-digit growth in visitor numbers is also driving double-digit growth in opportunities for hotel investors. Given that 84 percent of Turkey’s quality hotels are locally owned, there are real opportunities for investors seeking to build a chain, whether with their own brand or under an international brand,” Hakan Ferhatoglu concluded.
In addition, Hakan Ferhatoglu said, “In a down market, there is the very real potential for a counter-cyclical trend in Turkey as manufacturers who have already established operations in the country, like Toyota in Adapazarı, Hyundai in Izmit, Ford Otosan in Kocaeli and Bosch in Bursa, Manisa and Çerkezkoy, move production away from more expensive countries but simultaneously take advantage of Turkey’s proximity to developed markets and membership in the European Customs Union (ECU),” Hakan Ferhatoglu stated.
In conclusion, Hakan Ferhatoglu affirmed, “From a regional perspective...[the] total FDI received by Turkey from the Gulf States in the first 11 months of 2008 was $ 1.9 billion. Foreign direct investment in the real estate sector totaled $459 million. Four out of the 15 major international investors in the Turkish real estate are directly or indirectly Gulf-based in origin. That’s more than 20 percent of the top international players in this market,” Hakan Ferhatoglu noted.
These are the words of the eminent, internationally known professional/entrepreneur Hakan Ferhatoglu,a seasoned real estate investor, founder of Nutraslim and co-founder of Meksa Securities/holdings, who recently spoke to a distinguished audience at a DEİK (The Foreign Relations Board of Turkish Chamber of Commerce) event during the visit of the delegation of the Turkish President Gul in Riyadh.
Hakan Ferhatoglu is currently the executive chairman of Ata Invest Dubai, a subsidiary of Ata Invest, the largest independent investment banking house in Turkey, with a special mandate to help grow Ata Dubai as a regional player.
Hakan Ferhatoglu is also an executive board member of Ata Construction and land development, a reputable firm that invests in and develops real estate in Turkey preferably with G.C.C. investors/developers.
Hakan Ferhatoglu is a member of the Executive Comittee of UAE-Turkey Board and Chairman of the Finance Comittee for DEİK. In addition, Hakan Ferhatoglu is a member of TABA and GİAD.
Hakan Ferhatoglu also said, “Continued positive GDP growth is the focal part of the Turkish real estate story, but an equally important dynamic is its location.” Hakan Ferhatoglu continued, “Turkey’s strategic position as a crossroads is more important now than at any time since the 1980s. We see this on the political front, in manufacturing and logistics and also in the consumption and the transportation of energy.”
In addition, Hakan Ferhatoglu told his audience, “Turkey is the site of seven operating or planned pipelines and a key component in Europe’s strategy for energy independence. This fact...adds a new and powerful dimension to Turkey’s candidacy for full membership in the European Union
Hakan Ferhatoglu noted: “Turkey is the largest, most accessible, most stable and most transparent emerging market in the greater European region...it is attracting foreign businesses like never before. Istanbul and its surroundings in particular are increasingly being selected by major multinationals not only as manufacturing and supply hubs, but also as regional management centers.”
In this dynamic keynote speech, Hakan Ferhatoglu concluded, “Our countries share common...values and traditions. I think as businessman, we also share common goals and a vision of how the world should be. Real estate, which is all about building, is the perfect place to start investing in that future, building that vision.”
Hakan Ferhatoglu continued: “It is now the right time to build a two-way bridge between our complementary markets – more importantly, between people that understand and trust one another.”
Hakan Ferhatoglu is a well-recognized name in the business circles in Turkey ,the CIS and the GCC.Hakan Ferhatoglu is also well known in the finance and government contracting world in the US as those work relate to Turkey. However as a versatile businessman and a seasoned investor in the Turkish Real Estate ,Hakan Ferhatoglu s comments are specially valued in the RE investments domain.
As chairman of the finance committee of DEİK (The Foreign Relations Board of Turkish Chamber of Commerce) for the United Arab Emirates, Hakan Ferhatoglu recently spoke to a distinguished audience.
“I think what’s most important to note here is, not only Turkey’s openness to foreign investors, but also foreign investors’ enthusiasm for the Turkish market, which...now ranks among the top FDI destinations in the world,” Hakan Ferhatoglu said.
Also, Hakan Ferhatoglu pointed out, “In 2007, the only market with yields higher than Istanbul was Moscow. The difference you’ll see in 2009 is that, unlike Moscow’s yields, Istanbul’s yields will hold up because they’re backed by a solid economy with a developed manufacturing sector, a growing logistics industry, strong internal demand, as well as a powerful agricultural and food products sector.”
Hakan Ferhatoglu also added, “Turkey is within just four hours flying time of the UK, Western Europe, the Middle East and North Africa. Turkey’s location at the crossroads of East and West, its status as a bridge linking Europe to the Middle East and the Central Asia, makes it a natural market for logistics, which...is expected to grow by at least 15 percent per year over the next five years, possibly faster if the global economy picks up by the end of this year.”
Hakan Ferhatoglu looks to the positive side of an otherwise slippery marketplace. “[Turkey is] a country that truly is a marvel of both natural beauty and historic splendor, a combination of riches that has made Turkey one of the world’s Top 10 tourist destinations,” Hakan Ferhatoglu emphasized.
Hakan Ferhatoglu believes “Turkey’s continuing double-digit growth in tourism...ensures strong long-term growth in the hospitality segment. Double-digit growth in visitor numbers is also driving double-digit growth in opportunities for hotel investors. Given that 84 percent of Turkey’s quality hotels are locally owned, there are real opportunities for investors seeking to build a chain, whether with their own brand or under an international brand,” Hakan Ferhatoglu concluded.
In addition, Hakan Ferhatoglu said, “In a down market, there is the very real potential for a counter-cyclical trend in Turkey as manufacturers who have already established operations in the country, like Toyota in Adapazarı, Hyundai in Izmit, Ford Otosan in Kocaeli and Bosch in Bursa, Manisa and Çerkezkoy, move production away from more expensive countries but simultaneously take advantage of Turkey’s proximity to developed markets and membership in the European Customs Union (ECU),” Hakan Ferhatoglu stated.
In conclusion, Hakan Ferhatoglu affirmed, “From a regional perspective...[the] total FDI received by Turkey from the Gulf States in the first 11 months of 2008 was $ 1.9 billion. Foreign direct investment in the real estate sector totaled $459 million. Four out of the 15 major international investors in the Turkish real estate are directly or indirectly Gulf-based in origin. That’s more than 20 percent of the top international players in this market,” Hakan Ferhatoglu noted.