Turkish company to carry out worth $1 billion housing project for Arabian investors. Teknik Yapı company will carry out worth $1 billion housing project for Arabian investors in İstanbul by Kuwaiti investment fund..
As there was real estate fair in Kuwait, so Turkish company Teknik yapı made cooperation with a Kuwaiti company. Thus, in context of this agreement, $1 billion housing Project will be carried out.
Teknik yapı holding vice chairman Umut Durbakayım stated that, we negotiate on a project that provide solution by itself. When we decided to create project, prefer that to be built near sea. Fund officials are impressed from İstanbul Evora Project which consist of 5thousand houses and completed within 30 months.
He added: we will prepare Project. Especially gulf countries will determine social facilities suitable types of apartments. They will commercialize the Project in gulf countries. The determination of the outline of the project will be begin to work until the middle of 2014.