"Istanbul's Dubai Towers held at bay by bureaucracy
Monday, December 24, 2007
Ayşegül AKYARLI GÜVEN
ISTANBUL - Hürriyet
Dubai-based Tameer Holding, which drew attention with its plans to implement a city project worth $8 billion in Istanbul, is hesitating to enter Turkey due to what Dubai Sheik El Maktum experienced with a piece of land that belongs the İETT, the Istanbul Electricity, Tunnel and Trolley Authority. Tameer may wait the clarification of Dubai Towers project before investment, said the company's Turkey partner and the Independent Industrialists' and Businessmen's Association's (MÜSİAD) Middle East and North Africa Representative, Gazi Mısırlı. Tameer has concerns as Sama Dubai was put on trial after the purchase of İETT land, said Mısırlı. “The news concerning what happened to Sama Dubai outspread fast and tensed the atmosphere. These companies are not accustomed to such problems. They do not want to make mistakes. "
More:Istanbul's Dubai Towers held at bay by bureaucracy - Turkish Daily News Dec 24, 2007