The Dardanelles Strait is Turkey's gateway to the world
Last Updated: 2023-10-24Dardanelles Strait
The most famous fjord in the world is the Bosphorus, which is located in the Turkish city of Istanbul and divides the city into two parts: the European section and the Asian section. Despite the importance of the Bosphorus Strait as a strategic sea lane, there is another strait in Turkey that holds great importance no less when it comes to the economy and the real estate market. We talk here about the Dardanelles Strait, and we will take a look at its impact on the economy and real estate market in Turkey.
The Dardanelles Strait is a narrow sea passage separating the European and Asian continents, and forms part of Istanbul as well. Its strategic location makes it a vital bridge for the movement of ships and goods between the Black Sea and the Mediterranean Sea. This makes it a necessary sea passage for intra-trade and economic communication between many countries.
First of all, what exactly is the Dardanelles Strait?
The Dardanelles Strait is a water channel that stretches between two bodies of water and connects the continents of Asia and Europe. This strait is of great importance, which is reflected in its positive impact on the Turkish economy. The Dardanelles Strait is about 61 kilometers long and its width varies between 1.2 and 6 kilometers. Its depth varies between 50 and 60 meters.
The Dardanelles Strait has always played an important role in Turkey's history, as it served as a natural barrier to repel any attack on the country. At present, the strait contributes significantly to providing services to the Turkish state and is considered an important source of national income. This effect is represented by the passage of many tankers, oil convoys and cargo carriers through it. By imposing traffic fees on these means, the Turkish economy is strengthened and national revenues are increased.
In addition to its economic importance, the Dardanelles Strait is a unique geographical and historical landmark, reflecting the beauty of Turkish nature. Visiting this magnificent site gives visitors the opportunity to enjoy the stunning views and learn about its history and important role in the development of Turkey.
Where does the Dardanelles Strait play in Turkey?
The role of the Dardanelles Strait in Turkey lies in its wide impact on various economic and social sectors in the country. Here are some points that illustrate the strategic role of this strait:
- Its impact on the real estate sector: The Dardanelles Strait is an important factor in attracting capital and investments to Turkey. Investors see the existence of such a strait as a contributing factor in achieving success and achieving good returns on their investments.
- Boosting economic activity: The Dardanelles Strait contributes to adding a touch of activity and vitality to the country. Thanks to its great economic importance, it gives Turkey a unique strategic position in the Mediterranean region and the Middle East.
- Integration with Maritime Infrastructure: The presence of the Dardanelles Strait with the Bosphorus and other important seas in Turkey combines the integration of a strong maritime infrastructure. This contributes to strengthening Turkey's position as a strong maritime country and promoting maritime trade and transportation.
- New Projects: Due to the importance of the Dardanelles Strait, the Turkish government is working developing new projects that enhance the country's importance as a base for trade and transportation. For example, the recently announced Istanbul Canal project aims to enhance maritime infrastructure and increase trade and transport, and its importance is expected to be similar to the Dardanelles and the Bosphorus.
The economic importance of the Dardanelles Strait
The Dardanelles Strait is a narrow strait located between the continents of Europe and Asia, separating Turkey and Greece. It has great economic importance for several reasons:
- Vital geographical location: The Dardanelles Strait is a strategic sea passage connecting the Mediterranean and the Aegean Sea, and thus between the western and eastern Mediterranean regions. This allows the passage of merchant ships and the movement of goods between these two regions.
- Trade facilitation: The Dardanelles Strait is a sea lane that allows easy movement of ships and cargo vessels, which contributes to facilitating trade between Turkey, Greece and other European countries. This boosts economic activity in the region.
- Transport and shipping industry: The strait supports the transport and shipping industry, as many large and small ships pass through it daily. This contributes to providing employment opportunities and economic income for the surrounding areas.
- Tourism: The strait is also of great tourist importance, attracting tourists who head to the area to enjoy its picturesque views and to participate in activities such as cruises and fishing. These activities contribute to the promotion of tourism and the local economy.
The impact of the Dardanelles Strait on the Turkish economy:
- Shipping Trade and Logistics: The Dardanelles Strait contributes significantly to facilitating the movement of ships and the transport of goods. This strengthens the shipping and logistics sector in Turkey and attracts national and international investments.
- Tourism and real estate investment: The strait is one of the most prominent tourist attractions in Turkey, which attracts tourists from all over the world. This leads to increased investment in the real estate sector, where residential projects and hotels are built to accommodate tourists.
- Manpower Recruitment: The strait provides a lot of job opportunities in various sectors related to transportation and tourism. This plays a role in employing the local workforce.
Çanakkale Bridge 1915
The President of the Republic of Turkey, Recep Tayyip Erdoğan, inaugurated this bridge on March 18, 2022, the new bridge shortens the distance between the two ends of the "Çanakkale Strait" (northwest) to only 6 minutes. It is 318 meters high and symbolizes the date of March 18, 1915 (the day of victory in the Battle of Çanakkale).
- The bridge is located in the Turkish state of Çanakkale, the bridge connects the towns of "Lipsky" and "Glipoli" on both banks of the Dardanelles.
- It was named the 1915 Bridge after the Ottoman victory achieved in the famous naval battle of Çanakkale that took place in the Dardanelles Strait during World War I.
- The project is implemented according to the principle of "build-investment-handover" by the Turkish companies Limak and the South Korean company SK Engineering & Construction.
- The companies implement the project in exchange for the operation of the bridge by the executing company for a period of 16 years, two months and 12 days, then the management of the bridge is transferred to the Turkish state.
- The bridge is part of the Marmara Expressway, which connects the states of the Marmara region and surrounds the Marmara Sea.
- Construction commenced on March 18, 2017.
- It's done Opening of the bridge In 2023.
- The length of the bridge is 4.608 meters.
- The width of the bridge is 36 meters.
- The height of the bridge towers is 318 meters.
- The bridge consists of two "round-trip" lines, each with 3 lanes.
- The project has won 11 international awards.
- The budget for the construction of the bridge is US$2.76 billion.
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Edit By Team Mersat Real Estate©
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