Istanbul Financial Center.. A global city for international investment

The Turkish government has great ambitions in the political and economic field at the internal and international levels, especially the economic field, as many commercial, industrial and agricultural activities are linked. The Turkish government has set a goal until 2023 that the Turkish economy becomes among the one of the 10 most powerful economic systems in the world, it seeks to increase its share in the global GDP “Gross Domestic Product” and to develop and increase “FDI” Foreign Direct Investment in it, and this will only be achieved through mega projects that commensurate with its ambition, hence the idea of "Istanbul Financial Center" project, which announced by The Turkish state in 2019, decided to take Istanbul city as its headquarters to match New York, London and Shanghai, and aims to make Istanbul, with its strategic location, a global financial center.

The Turkish government chose Istanbul for many reasons, as it occupies a central position in the middle of the Balkan countries, North Africa and the Gulf, in addition to the important geographical location that characterizes Turkey, Istanbul is also the economic and commercial center of Turkey and dominates the financial and banking sector greatly. It also a preferable destination for business and has the advantages of innovation to conduct business in the international financial markets, as the city is characterized by a strong structure and high standard of living as well, which helps for promoting the project at the global level, especially as the state targets international companies that will have an important role in the field of financing.

Why Istanbul:

Because Istanbul has the largest share of the huge economic projects implemented by the Turkish state, including Istanbul International Airport and the new Istanbul Canal, it has also achieved an increase in real estate investments and ranked first in real estate sales in Turkey for many years. 

The city is witnessing an amazing development In all sectors at the tourism and economic levels and in the field of direct investments and also in the field of real estate investment, as well as in the field of trade and export, as Istanbul occupies the second place in the list of the most populous cities in the world with a population of 13.5 million people, all of this made the city one of the most important international cities that receive great attention and are prepared for them to be one of the global financial centers, and the project is one of these achievements, which increases the demand for the city, not only for tourism and ownership, but also for the huge financial investment that Istanbul will be the center of.

One of reasons also is Istanbul's strategic location, it is one of the most important reasons for choosing it as a center for the financial city, as it links Asia and Europe, in addition to its large area, large population, diversity of terrain, and rapid growth rates in the last ten years, all of that made Istanbul the main destination for tourists and investors during the previous years.

Internally, Istanbul is distinguished by its strong infrastructure that qualifies it to accommodate millions of visitors annually, starting with the new airport, which has a capacity of 90 million passengers annually, also it has a strong and widespread transportation network that serves millions daily to reach their businesses, as well as the Turkish government lunched a number of mega projects such as Istanbul Canal project, which will change the shape of the city.

About the project:

The financial center project extends over an area of ​​approximately 3 million and 200 thousand square meters, in the Asian side of Istanbul, in an area located between the districts of Atasehir and Umraniye, adjacent to the TEM International highway. It is a strategic location in Istanbul, and has more than 30,000 employees. And branches of major financial institutions, and thus the new financial city will be the largest in Europe, and the project is characterized by its unique and modern design.

The project consists of 5 phases, as it is a small city, as it includes an integrated group of offices, residential units, a conference hall, hotels, as well as car parking, it will include a group of government projects that will develop the infrastructure in the project area through new transportation lines that are due to be opened, in addition to the use of renewable energy technologies to ensure the continuity of work in the financial center.

Hawk International construction company designs Istanbul financial center, and the company relies in its plan on four bases: culture, trade, civil functions and governance. The project includes two office towers in the Istanbul Financial Center, as well as residential islands divided into different sizes, in addition to playgrounds, commercial areas and open spaces to surround all building blocks by green spaces and common public areas.

The center is distinguished by its unique architectural design, as a group of the best architects were selected to construct this project, focusing on meeting contemporary human needs, taking into account environmental preservation standards and raising economic feasibility, as the project is one of the sustainable development projects, it has been called “Finans Sehir” or the financial city and was listed twice in Forbes magazine as one of the most important investment opportunities, and many experts expect that the new global financial center of Istanbul will be an economic shift for Turkey and a reason for increasing foreign investments and a rise in domestic product once it is implemented, which is scheduled to start in 2023 it will include Turkish Central Bank, the Istanbul Stock Exchange and the general administrations of banks, to work in the center with 50,000 employees, and its buildings will include the main offices of the authorities controlling the financial markets in the country, all state banks as well as private sector banks, a large number of hotels, a parking garage and a hall conference space, plus 45 million square feet of office space, and condominiums.

The specifications of Istanbul Financial City:

Specialists believe that Istanbul Financial City will have a positive impact once it is starting, whether from improving the living standards in the region, which helps attract foreign investments, and the benefits of Istanbul Financial Center is scheduled to perform several tasks, including:

• Opening doors to potential foreign investments in Turkish market

• Providing the required facilities to obtain investment licenses.

• Providing information related to the investment sectors, and protecting investments with a package of laws regulating work within the city.

Advantages of Istanbul Financial City project:

• A family project and at the same time an investment, as the project works with Home Office system, where it can be used for housing or work and benefit from the low value-added tax on it, which amounts to 1%.

• The project's proximity to vital services, including metro station next to the project, it close to a number of Turkish schools, and shopping centers that meet all the services needed by the investors.

• It is located on the international TEM highway and thus eases to the European side.

• The project is 25 minutes from Sabiha Airport and less than an hour from Istanbul's new airport.