Previous Next
Turkish invest €25M in luxury resort in Melides
28 August 2019 | Ana Tavares

It is one more project that shows the growing attractiveness of the Alentejo Coast, in Portugal. Umay is the name of the development on which Turkish Faik and Sera Yufkayürek want to invest 25 million euro.

Foto

This couple plans to create a hotel with holiday dwellings with innovative design, similar to a shell, following the natural waves of the land in Melides. The project will be developed in a 20 hectare terrain by the sea, of which the constructed area won’t take more than 4%.

According to Expresso, construction should start next year and be concluded in 2021. The investors should have the support of the Portugal 2020 program.