1. LAND DEVELOPMENT INVESTMENT OPPORTUNITY ANTALYA, TURKEY

2. LAND DEVELOPMENT INVESTMENT OPPORTUNITY
LOCATION: Belek, Antalya, Turkey
DESCRIPTION: 8,400,000 m (2100 acres) land at key location
UNIT VALUE ($/M2): $150/m2
UNIT VALUE ($/ACRE): $600,000/acre
TOTAL VALUE OF THE LAND: $1.26 BILLION

3. LAND DEVELOPMENT INVESTMENT OPPORTUNITY
OPTIONS:
BUILD & OPERATE: OVERALL PROJECT DEVELOPMENT BY THE INVESTOR ($250 MILLION PAYABLE TO THE OWNER AND ROUGHLY $750 T0 $800 MILLION INVESTMENT TO THE LAND DEVELOPMENT); 50% PARTNERSHIP WITH THE OWNER AT THE OPERATIONAL LEVEL
BUILD & OPERATE HALF OF THE LAND : OVERALL PROJECT DEVELOPMENT BY THE INVESTOR ($250 MILLION PAYABLE TO THE OWNER AND ROUGHLY $400 MILLION INVESTMENT TO THE LAND DEVELOPMENT); 50% PARTNERSHIP WITH THE OWNER AT THE OPERATIONAL LEVEL

4. LAND DEVELOPMENT INVESTMENT OPPORTUNITY
KEY STONES
I. COUNTRY – TURKEY:
TURKEY IS THE TOP 9th DESTINATION IN THE WORLD FOR TOURISM
ACCORDING TO RECENT MORGAN STANLEY REPORT, TURKEY WILL CONTINUE TO INCREASE ITS SHARE IN THE WORLD TOURISM AND BE ONE OF THE BEST SPOTS FOR TOURISM INVESTMENTS
MORGAN STANLEY EXPECTS THE TOURISM REVENUES OF INCOME FOR TURKEY TO BE OVER $20 BILLION FOR 2005
THE COUNTRY HAS STABILIZED POLITICALLY AND ECONOMICLY IN RECENT YEARS AND OVERALL STANDARDS ARE IMPROVED SIGNIFICANTLY DUE TO THE EUROPEAN MEMBERSHIP NEGOTIATIONS
CURRENT LEGASLATION ALLOWS FOREIGNERS TO PURCHASE LAND AND REAL ESTATE PROPERTY AROUND THE COUNTRY AND IN RECENT YEARS BOTH IN CORPORATE AND INDIVIDUAL LEVELS FOREIGN DIRECT INVESTMENTS ON REAL ESTATE HAS RISEN SIGNIFICANTLY. AS AN EXAMPLE, GLOBAL INVESTOR GEORGE SOROS RECENTLY PURCHASED A LUXURY HOTEL IN ISTANBUL AND LOOKING FOR A SECOND ONE IN ANTALYA REGION.

5. LAND DEVELOPMENT INVESTMENT OPPORTUNITY
II. REGION ( BELEK – ANTALYA ):
ANTALYA IS THE TOP DESTINATION IN TURKEY FOR TOURIST ATTRACTIONS WITH OVER 1 MILLION TOURISTS VISITING THE REGION EACH MONTH. THIS YEAR A MAJOR INCREASE HAS OCCURRED. IN THE MONTH OF JULY ALONE, OVER 3 MILLION TOURISTS REPORTED VISITING THE REGION
THE REGION HAS OVER 40 FIVE-STAR AND 2 SEVEN-STAR HOTELS, FIRST CLASS HOLIDAY RESORTS AND 5 GOLF COURSES
MOST OF THE CURRENT ESTABLISHED RESORTS ARE FOREIGN DIRECT INVESTMENTS
EASY ACCESS WITH DIRECT FLIGHTS IN AND OUT OF THE REGION TO MAJOR CITIES IN EUROPE, RUSSIA AND MIDDLE EAST HOURS DIRECT FLIGHTS FROM LONDON, 3 HOURS DIRECT FLIGHTS FROM MOST EUROPEAN CITIES, 2.5 HOURS DIRECT FLIGHTS FROM MOSCOW AND 3.5 HOURS DIRECT FLIGHTS FROM DUBAI
300 DAYS OF SUNSHINE ANNUALLY WITH WINTER SUNSHINES OF AT LEAST 6 HOURS A DAY
WINTER AVERAGE DAILY TEMPERATURES OF 28 C TO 18 C, OCTOBER THROUGH APRIL AND THEN SUMMER DAILY TEMPERATURES OF 30 C TO 40 C, CREATING A PERFECT SIGHT FOR GOLF COURSES AND TOURNAMENTS
ALL WATER SPORT ACTIVITIES ARE AVAILABLE ALONG WITH SKIING IN SURROUNDING MOUNTAINS THROUGH OUT THE WHOLE YEAR
A LARGE VARIETY OF HISTORICAL PLACES ARE LOCATED NEARBY SUCH AS THE HELENISTIC/ROMAN CITY OF PERGE, THE GREAT AMPHITHEATER OF ASPENDOS, MANAVGAT FALLS AND ROMAN CITY OF SIDE, ROMAN CITY OF TERMESSOS (FOUNDED BY ALEXANDER THE GREAT IN 333 B.C.) AND THE HELENIC CITY OF OLYMPUS

6. LAND DEVELOPMENT INVESTMENT OPPORTUNITY
III. LAND:
SINGLE OWNER
PRIME MEDITERRANEAN LOCATION FOR A LUXURY HOLIDAY RESORT, GOLF RESORT WITH VACATION VILLAS AND CONDOMINIUMS
THE LAND HAS 5 KM ( 3.1 MILES ) COAST LINE TO MEDITERRANEAN
IT IS ONLY 15 KM ( 9 MILES ) FROM THE INTERNATIONAL AIRPORT OF ANTALYA
IT HAS 2 NATURAL RIVERS RUNNING THROUGH ( ONE ON EACH SIDE OF THE LAND )
SIGNIFICANT AREA OF THE LAND IS COVERED SELDOMLY WITH 80 TO 100 YEARS OLD NATURAL OAK TREES PROVIDING A PERFECT CONDITION FOR GOLF COURSES
ENDORSED BY THE LOCAL GOVERNMENT OFFICIALS
ENDORSED BY THE CENTRAL GOVERNMENT OFFICIALS ONLY IF FOREIGN INVESTOR(S) IS INVOLVED
FULL COOPERATION IS OFFERED BY THE LOCAL AND CENTRAL GOVERNMENT
SITE SURVEY COULD BE DONE ANYTIME
MEETINGS WITH THE LOCAL/CENTRAL GOVERNMENT OFFICIALS COULD BE ARRANGED ANYTIME

7. LAND DEVELOPMENT INVESTMENT OPPORTUNITY
IV. VISUAL REVIEW OF THE LAND WITH MAPS AND PHOTOS:
Slide 8. SATELLITE PHOTO (Green Zone P.15)
Slide 9. OFFICAL MAP FROM THE MINISTRY OF TOURISM (Zone 15)
Slide 10. PROPOSED PROJECT LAYOUT
Slide 11, 12, 13. ACTUAL PHOTOS
Slide 14. LAND LOCATION WITH THE LAYOUT OF RESORTS AND OTHER TOURISTIC ATTRACTIONS
Slide 15. AIR PHOTOS OF VENEZIA RESORT AND KREMLIN PALACE ADJACENT TO THE LAND BUILT BY FOREIGN INVESTMENT