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| PROJECT OUTLINE |
| Gloria Golf Resort, the Select Villa Complex |
| Belek, Antalya |
| for Ozaltin AS |
| from July 20th 2001 to May 24th 2002 |
| A presidential villa, 20 villas & the club house with a total of 3,500 sqm of floor area and 450,000 sqm 9-hole golfing estate |
| FLASH SUMMARY |
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