Meeting with Palmarina Bodrum General Director Levent Baktir, it is obvious that we will be seeing much more of the PalMali Group in the coming years. Since acquiring the marina in 2011, there has been incredible growth, with little time to rest before all systems are go by May this year. This summer will see the completion of the marina with no shortage of luxurious amenities, including two hotels onsite, an abundance of high end retail shopping, world class restaurants and new children's areas. Turkey itself seems to be on the precipice of a purple patch at the moment with elections following next month and majority of locals hopeful that with a new party, there will be an end to allegations of corruption and biases within the current government.
With a new leader and travel to Turkey on the rise, Baktir is optimistic for the future of their little slice of the Med. "I think people are looking to fully escape during their time on board. This area within the northern peninsula is becoming synonymous with detox, wellness and luxurious escapes". We know owners and charterers are looking for new destinations - Monaco, the Cote d'Azur, Spain and Italy all offer some fantastic cruising grounds, but what about those who want to try something new without committing to an extended cruise to Asia or the Caribbean? Baktir believes the answer lies just east of the norm.
While not just benefiting the superyacht industry, Turkey and neighbouring eastern Med hot spots are booming with foreign investment at the moment leading to a knock on effect for the economy as a whole. Whilst touring the town of Bodrum, there was no shortage of construction sites, renewed infrastructure and jobs on offer for locals. As we await the final weeks before elections, the Turks are hopeful that their star will continue to rise...watch this space.
A full report will be featured in issue 13 of The Superyacht Owner.