International financial center in Istanbul
Last Updated: 2023-10-28Istanbul International Financial Center
Istanbul, a magnificent city connecting East and West, is undergoing remarkable transformations towards the creation of a global financial center in the Atasehir district on the European coast. This step is a giant strategic development to enhance Turkey's role in the global financial business arena.
Istanbul looks to the future with ambition, as the project sets out to create a financial center that serves as a gathering point for international business and trade. Its privileged location in the Atasehir area is adjacent to major banks and international companies, which provides a unique investment environment with advanced infrastructure and government procedures that encourage investment.
We are here to discover this giant financial edifice and offer you an expedition separated from the International Financial Center project in Istanbul. We will review its vital role in Turkey's economy and how it contributes to strengthening its position at the global level in the field of financial business.
Join us on this exciting journey to explore the secrets of this global financial hub, a symbol of progress and innovation in the international business world.
What is the International Financial Center in Istanbul?
The International Financial Center in Istanbul is a huge project that was approved by the Turkish Council of Ministers in 2009. Located in the heart of Istanbul and adjacent to major banks and international companies, this center aims to be one of the ten largest global financial centers.
The project is set to be supervised by state company Emlak Konut and is expected to open in 2019. This center aims to provide advanced infrastructure and a favorable financial environment to attract investments and promote commercial and economic activity in the region.
Where is the World Financial Center located in Istanbul:
The "International Financial Center" project in Istanbul is ideally strategically located, as it is located in the Atasehir district in the Asian part of the city. This center is a gathering point for international business and trade, with advanced infrastructure and government procedures that encourage investment.
The project enjoys a central location that combines the main roads and the rapid transit network, and is located near the "Atasehir" metro station. This central location makes it a vital center for financial and commercial activities, and increases its attractiveness to international companies and investors thanks to its easy access via various means of transportation.
Istanbul's World Financial Center: A Mega Project Transforming Economic and Social
The importance of the International Financial Center project in Istanbul is highlighted as one of the largest projects that reflect the economic and social renaissance in Turkey. Spanning an area of 2,500 million square meters, this mega project is diversified and includes multiple facilities including 560,000 square meters of office space, 90,000 square meters of commercial shopping malls, 70,000 square meters dedicated to hotels, and 60,000 square meters of luxury apartments.
In addition, it has a capacity of 2.000 people a conference center, with mosques, bridges, health facilities, kindergartens, a police station, as well as a project management building and parking. It also houses the headquarters of several prominent banks, including the Bank of Agriculture, the Labor Bank, the National Bank, the Waqf Bank and the Central Bank of Turkey.
This ambitious project opens the doors of a new future for Turkey by creating 50,000 new jobs, confirming its leadership in consolidating the centrality of the economy and global economic leadership in Turkey's history."
What is the impact of the International Financial Center on Turkey's economy?
Istanbul's international financial center is one of the main factors that can significantly affect Turkey's economy. These effects include several points:
- Attracting foreign investment: The financial center attracts foreign direct investment, which contributes to increasing the funds and resources flowing into the country. This enhances opportunities for economic growth and promotes economic diversification.
- Stimulating economic activity: By having a strong financial center, economic activity in Istanbul is boosted and business, trade, financial services, and others are stimulated. This promotes economic growth at the local and national level.
- Enhancing Jobs and Career Opportunities: The financial center creates new job opportunities and contributes to providing diverse job opportunities in the fields of financial services, trade, financial technology and others. This improves unemployment rates and supports economic growth.
- Enhancing economic confidence: The presence of a strong financial center contributes to building economic confidence, which encourages investors and companies to expand and invest in the Turkish market.
- Improving FinTech and Innovation: The financial centre encourages the adoption of fintech and innovation in the financial sector, improving efficiency and making financial services more accessible and faster.
With the International Financial Center in Istanbul, Turkey has steadily advanced towards a developed financial future and a strong economy. The Turkish government is looking to attract foreign investment and provide extensive job opportunities in the field of financial services, reflecting its ambitious vision to advance the global financial arena.
The International Financial Centre shows incredible development, reflecting technological advances and innovation in the financial sector. This center is expected to play a vital role in supporting Turkey's economy and strengthening its position in the global financial arena.
If you are looking for real estate opportunities in this global center, or if you need to obtain Turkish citizenship or real estate residency, the Mersat Real Estate team is always ready to provide the best offers and services to manage your investments. Contact us today to take advantage of real estate and investment opportunities in this ambitious project
Editorial Mersat Real Estate Team©
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