TURKEY. Spain-based currency exchange specialist Global Exchange has captured a contract at Istanbul Sabiha Gökçen International Airport, extending its presence in Turkey. It has run a foreign exchange concession at Antalya Airport since 2017. The seven-year contract covers the operation of four bureaux de change. 

Global Exchange President Isidoro J. Alanís said the contract gain comes at a strategically important location. He forecast that Turkey’s tourism development would continue with the country made more attractive to visitors due to the devaluation of the Turkish Lira. “We are sure that it will become one of the most important countries in terms of tourism in the world,” he said.

Fast-growing Global Exchange expands its Turkish presence at Istanbul’s second airport under a seven-year deal

Global Exchange plans to invest around €2 million and add 40 employees at its Turkish subsidiary. The new branches will open by year-end. Sabiha Gökçen International handles more than 30 million passengers a year, of which 10.3 million are international.

Global Exchange has a network of more than 260 branches in 55 international airports. Key markets in which it is present include Brazil, Colombia, Costa Rica, Denmark, Ecuador, Spain, Guatemala, Jamaica, Jordan, Morocco, Mexico, Nicaragua, Paraguay, Dominican Republic, Switzerland, Trinidad & Tobago, Uruguay, Russia, Australia, Hong Kong and Turkey.