Turkish Minister of Economy Zafer Caglayan on Friday said, "Entertainment Development Partners production company would like to install a facility similar to Hollywood's film studios and theme parks in Turkey."
Caglayan evaluated his meetings with the representatives of Hollywood film sector in Los Angeles.
Stating that they were preparing a proposal together with Entertainment Development Partners (EDP), Caglayan said, "EDP made a presentation in regards to what kind of structuring could take place in Turkey. The have even chosen the European side of Istanbul to build the facility and named it 'Hollywood on Bosphorus.'"
The feasibility study of the project is to be completed in three months and will be handed in to the Ministry of Economy. If the project actualizes, Universal Studios will make an investment of 3 billion dollars in Turkey.