Turkey is one of the most attractive countries in the world for both tourists and businessmen which is why the airports in all major cities are some of the busiest in the world, too. During the last 10 years, the government has built several new airports connecting various parts of the country, however these cannot take up all the air traffic. This is also the reason for which the authorities have decided to build a new airport on the coast of the Black Sea which will serve the Gumushane and Bayburt regions. Our lawyers in Turkey can offer information on the Aviation Law.
The airport to be built in the Bayburt region and will connect cities in both this and the Gumushane region will be one of the largest in the country, as it will have a capacity of 2 million passengers on a yearly basis. Also, it will be large enough to allow the landing of large planes destined to commercial flights, but also to charter ones. The airport will have no less than 6 runways.
According to officials, the construction of the airport should be completed by 2020 and will bear a total cost of 73 million USD or 285 million Turkish liras.
Our Turkish lawyers can assist investors who want to start companies in the aviation sector.
The Turkish government is keen on attracting foreign investors, however, before doing that it must be able to offer the infrastructure which will enable them to set up businesses here. The new Black Sea airport is one of the most important projects which will contribute to these new developments.
The other projects which will complete the plan, and which will attract foreign investments are related to a modern power plant, the Canal Istanbul which will link the Black Sea and the Marmara Sea and the Eurasia Tunnel.
Foreign investors who want to start doing business in Turkey benefit from various incentives based on the industries they want to operate in. The legislation also favors in foreign direct investments which have brought close to 200 million USD in the past few years.
If you want to set up a business in Turkey and need assistance, please contact our local law firm.