Comprehensive information about Istanbul Financial Center

Created: 2022-07-03
Last Updated: 2024-04-27
Views: 1648

Content Index

Important information about Istanbul Financial Center
Where exactly is the Istanbul Financial Center located?
The advantages of the Istanbul Financial Center location
Istanbul Financial Center area
What does the Istanbul Financial Center include?
Design of the new Istanbul Financial Center
Objectives of the Istanbul Financial Center Project
When will work start in the new Istanbul Financial Center
Presidential decisions related to Istanbul Financial Center
Expectations of experts and analysts about Istanbul Financial Center
Other projects in Turkey

The Turkish government is making great efforts to develop the country economically and financially, as the Turkish state is currently aiming to enter the world of economy, among the ten most powerful countries in the world, and therefore the most important plans of the Turkish state was to build the new Istanbul financial center.

Important information about Istanbul Financial Center

The Istanbul Financial Center is considered one of Turkey's most important plans to enhance the country's economic situation, as it was worked on within the Turkish comprehensive plan for the year 2023, and it was located in the Asian part of Istanbul, and it was designed by Hawk International company.

The new Istanbul Financial Center combines urbanization, authentic urbanization and the culture of the Turkish state, all these advantages within a new global center, and the excavation has begun in the center.

The plan to build the new Istanbul Financial Center is underway within the podium platform, which provides an opportunity to provide large numbers of new green spaces.

Where exactly is the Istanbul Financial Center located?

Istanbul Financial Center is located on the Asian side of the city, specifically between Atasehir and Umraniye. This location is one of the advantages of Istanbul Financial Center, as it is a wonderful strategic location that makes it reachable very easily, and also gives everyone the opportunity to visit the historical center of Istanbul.

The advantages of the Istanbul Financial Center location

The most important feature of the new financial center is its location in Istanbul. This city has occupied the largest share of the giant economic projects that the Turkish state seeks, making it one of the most important cities at the international level, and has become the focus of attention of the world.

Recently, the city of Istanbul was in the second place in the world in terms of population, with a population of about 13.5 million people, which is a gigantic number of course. One of the most important features of the Istanbul Financial Center location is the establishment of an international airport in Istanbul, with a capacity to accommodate 200 million people throughout the year, making it compete the largest international airports.

Istanbul Financial Center area

A plan to build the Istanbul Financial Center was drawn up on agricultural land with an area of about three million and 200 thousand square meters, and it was approved in 2009 by the decision of the Supreme Planning Council.

What does the Istanbul Financial Center include?

Istanbul Financial Center includes all the state and private banks of the country, and also the main offices of the authorities that control the financial market in it, and there are also many hotels, car spaces, large office spaces, housing units, in addition to a huge conference hall.

Design of the new Istanbul Financial Center

The Istanbul Financial Center is characterized by a modern structural and modern design, which makes it stand out from its competitors in the Middle East and Africa.

The Turkish state has assigned the task of designing Istanbul's financial center to the Hawk international company, as part of the Turkish government's efforts to increase and develop foreign investments, and to attract delegations of foreign and Arab investors, and accordingly the company has become responsible for the following:

• Architectural design and engineering standards for the Center.

• Developing an implementation plan for the design, which aims to make the center located between four distinct landscapes that include culture, civic jobs, commercial projects and also governance.

• Developing the center's infrastructure, which includes metro and various means of transportation.

• Developing the water and energy infrastructure, database, and security situation.

• Designing two office towers in Istanbul Financial Center.

• In addition to the information and communication technology, security design, and the architectural design of the center, a group of the best architects were selected for the construction, with the aim of building the center emphasizing the importance of combining human needs, economic returns and environmental protection.

Objectives of the Istanbul Financial Center Project

There is no doubt that the presence of a modern global financial center in the Turkish city of Istanbul will increase the flow of international funds, which in turn will lead to economic prosperity and increase the number of job opportunities in Turkey.

The main objective of the project for the Istanbul Financial Center is to become the link between all banks and financial institutions that manage finance throughout Europe, the Middle East and neighboring countries.

It is worth noting that the Istanbul Financial Center aims not only to improve the economic situation in Turkey globally, but also the quality of living in the region in general.

When will work start in the new Istanbul Financial Center

It is worth noting that the Istanbul Financial Center will open its doors to start operating in late 2022, and is expected to reach its peak of business by 2023.

The strategy and mechanism of work of Istanbul International Financial Center was regulated by the President of the Republic, by Resolution No. 27568 of the Presidency, issued on May 2010. The presidential decree consists of 71 paragraphs, and the following are the most important of these paragraphs:

• Diversity of products offered as well as financial services.

• Working on developing banking participation as well as the Islamic financial system.

• Working to raise the efficiency of the tax system and facilitate it.

Expectations of experts and analysts about Istanbul Financial Center

There is no doubt that tension and great anxiety have affected some recently due to the instability of the economic situation in Turkey. This happened due to the decline of the Turkish lira against the US dollar, which led to the emergence of speculations and possibilities that confirm that the country will collapse and will not succeed in withstanding this economic situation.

However, the expectations of experts and analysts in the world of finance and business indicated that there is great optimism and a hope regarding the economic situation in the country, and that an economic boom and recovery is expected in the coming period.

Everyone in Turkey sought to be steadfast and achieve a secure economic situation, and everyone in the state does his role, starting from the President of the Republic and the Turkish government to the citizens, with the aim of preserving the Turkish state and improving the economic situation, which led to the stability of the political and social conditions significantly inside Turkey.

In addition to the policies taken by the President of the Republic in Turkey with other countries, these policies have contributed to the signing of many international agreements and treaties that have greatly benefited the country.

In the same context, the Turkish state has sought to enhance its economic power in a way that ensures that the country's economic situation will not collapse or be affected by any global crises again, and this came after the Turkish state succeeded in occupying the front and investment destination for Islamic countries following the issuance of American decisions.

Other projects in Turkey

The Turkish state succeeded in maintaining its economic and tourism position and gained the confidence of all investors, whether Arabs or foreigners, which prompted the state to develop a comprehensive plan for 2023.

Among the most prominent other mega projects in the Turkish plan are Istanbul's Third Airport, raising the efficiency of Highways, and the New Istanbul Canal.

In conclusion, we can say that there are many economic experts and analysts in the business and financial world now expecting an economic boom for Turkey, a huge rise in foreign investments and also a rise in the country's domestic product, thanks to Istanbul's new financial center.

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