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Turkish investors would be willing to invest US$20bn in Crimea’s future as a tourist destination, but must first see a solid legal established there. Also, the long-festering issue of land rights for the Tatars summarily deported by Stalin is another matter that must be brought to a fair and mutually acceptable conclusion if major investment is to be possible.

Turkish investors are ready to invest US$20bn into the Crimea during 10 years and show great interest in implementing large-scale projects on the Autonomous Republic tourism and recreation complex development, Turkey’s culture and tourism minister Atilla Koch has said during a meeting with the head of the Crimean government, Anatoliy Matviyenko.

Matviyenko said that the republic’s government aim is creation of the more effective model for the recreational complex that would mean greater benefits from the millions of tourists visiting Crimea.

The Turkish minister said that large investors could appear in Crimea only when the solid legal base for it is created in Ukraine.