In early July 2015, news emerged that a group of Turkish businessmen had come to Crimea to discuss capital investment on the annexed peninsula. According to Russian and Turkish press covering this visit, the Turkish businessmen expressed their hope to invest a total of $12.5 billion in Crimea. They said that their investment would primarily involve tourism-related ventures but would also extend to the health sector and the establishment of textile factories. To further elaborate, the vice president of the Kayseri Organized Industrial Zone (KOIZ), Suleyman Sarptash, a member of the delegation, indicated that the first stage of investment would …read more
Source: The Jamestown Foundation
