Turkey to encourage investments in country’s tourism sector

Business Materials 14 August 2017 20:58 (UTC +04:00)

Baku, Azerbaijan, Aug. 14

By Rufiz Hafizoglu – Trend:

Turkey is ready to provide benefits to investors willing to invest in the development of the country’s tourism sector, a source in the Ministry of Culture and Tourism of Turkey told Trend Aug. 14.

Currently, it is planned to attract investments, specifically into modernization of some tourist centers, according to the source.

“Simplified loans will be issued to local entrepreneurs, in order to encourage investing in the Turkish tourism sector,” the source noted.

Previously, investors inlaying at least $750,000 in tourist facilities could receive an exporter status, which would give them significant financial benefits.