It sounds like a surreal tale, a Disney fairytale but with a dark background even though the project of Burj Al Babas is everything but fiction and all began in Northern Bolu, Turkey in 2014. The project, started by the group Sarot, the huge village with its Disney-style villas saw the stop of its construction even though at an advanced stage of completion, due to a lack of funds.
Bu mübarek gece vesilesiyle, milletimizin her türlü dert ve sıkıntıdan berî olmasını diliyor; Ramazan ayına, günah yüklerimizden arınmış gönüllerle, berat etmiş olarak girebilmeyi Yüce Allah’tan niyaz ediyoruz.
The investors of Sarot have been recently blocked by a Turkish bankruptcy order for a debt of 27 millions of dollars accumulated during the construction of Burj Al Babas. The investment would expect the realisation of 732 castle-like villas, pools, hammams, spas, a mall and a mosque.
Even though their clients from Qatar, Bahrain, Kuwait, United Arab Emirates and Saudi Arabia had already purchased approximately 350 villas out of 587 already built ones, the influx of money did not prevent the bankruptcy. The president of the Sarot Group, Mehmet Emin Yerdelen, supported his company stating that 7,5 millions of dollars were missing from the due payments from the Gulf states.
According to Yerdelen, the court sentence is wrong and the group will appeal to the Turkish justice. The court has also ordered to stop all types of construction work immediately, but Yerdelen remains hopeful:
“The project is worth 200 millions of dollars. We only have to sell 100 villas to pay the dept. I believe that we can overcome this crisis and in 3, 4 or 5 months proceeding to the inauguration of the resort”.
Hicret; şiddetten merhamete, esaretten özgürlüğe gidişin adıdır. Allah’a itaatin, sadece O’na kul olmanın göstergesidir….
The website of the resort, still running, does not add any detail on what the journals reported, and the positive conclusion to the story should not be taken for granted whatsoever.