The New Istanbul Financial Center in Istanbul
Recently, there has been a great demand to increase the financial centers for the advance of the Turkish economy, so the Istanbul Financial Center was newly established in order to revive the economy in Istanbul and in Turkey in general, and this center is of great importance to make Turkey a huge economy and facilitate the process of currency exchange and circulation between the commercial sectors in Turkey. Therefore, when this project is completed, it will be an important center for the development of the Turkish economy in all fields.
Istanbul Financial Center Specifications:
The establishment of a new financial center in Istanbul has become an economic necessity for the city and the state of Turkey in general, so the construction of the new Istanbul Financial Center was started according to certain specifications, the ideas for this project were put forward in 2008 and work began on it in 2009.
This project is located in the Asian side of The city of Istanbul is between the Ata?ehir area and the Umrania area, which is an excellent strategic and geographical location in terms of the vast green area and complete calm as well as the inhabited transportation movement and many features that make the location of the new Istanbul Financial Center well and qualified to start work, as for being located within the city of Istanbul in general, which is the city that is considered the economic capital of Turkey, so this project is considered the gateway to success in the economy and the world of finance and business in Turkey, and it is not the only project that is being worked on in Istanbul, but next to it there is the new Istanbul Water Canal and The new Istanbul Airport, which gives Istanbul a very great economic importance, as these projects will make it a global city with an economy that will attract the whole world to visit and invest in Istanbul, and the most important investments that will mature are real estate investments.
The huge projects such as these in Istanbul will lead to a boom in the real estate movement in Istanbul. The area will revive the real estate market in Istanbul and make it a great tourist and historical destination. As for the area of ??this project, the new Istanbul Financial Center has an area of ??3.5 million square meters, with an area of ??1.4 million square meters of office buildings, in addition to a shopping plaza of 100,000 square meters, and it contains a luxury hotel, a huge conference hall, performance halls and a very large car park that meets the needs of all customers and employees.
The importance of the new Istanbul Financial Center:
The new Istanbul Financial Center is of great importance to the recovery that will in the economy in Turkey and has a major role in making life better for Turkish citizens and even for tourists and those coming from outside the country, so this project is one of the most important projects that are being worked on:
• The new Istanbul Financial Center is expected to employ a large number of employees and will provide job opportunities for more than 120 thousand employees, which will directly contribute to revitalizing the economy, work movement and employment in Istanbul and Turkey in general.
• Making the Turkish economy ranked among the top ten in the world in terms of income, financial technology and modern banks, and strengthening the value of the Turkish lira against the US dollar, which is the reason that gives the state of Turkey the development and modernize and make all neighboring countries seek joint projects with it in order to obtain an economic level equivalent to what happen in Turkey.
• It was estimated that Istanbul's new financial center would make the state of Turkey very rich and would put huge amounts of money into it, estimated at 250 million US dollars, which is a very huge amount and would return to Turkey with construction and prosperity and would support investment movements in the country from real estate to land and others. It will also make external additions over the days, which may reach 250 million US dollars, after a few days of its establishment.
• It is also scheduled that the new Istanbul Financial Center will contain important exchange centers, an arbitration center that belongs to the International Finance Corporation, an Islamic arbitration center and many financial courts, which makes Turkey a country with huge funding.
Impact of the new Istanbul Financial Center:
The new Istanbul Financial Center has many effects on several areas in Istanbul and in Turkey in general, and these effects were strong, because the financial currency or financial inflation are the basis for any investment. The areas affected by the new Istanbul Financial Center:
1. Real estate investment:
Real estate investment is one of the most important types of investments in Turkey. It is a type of investment that benefits Turkey with inflation and wages, and has received a great impact from the new Istanbul Financial Center, as this center will affect prices in the real estate market in Turkey in general and will also affect The financial inflation that occurs or will occur among the owners of capital and the increase in the number of real estate due to the large increase in the population or arrivals to Turkey due to the growth of the large economy, prosperity and financial inflation, so it can be said that the new Istanbul financial center positively affects the real estate investment process as it attracts many investors To Turkey for real estate investment and greater financial profit.
2. Living in Turkey:
It is expected that life in Turkey will become better, and living in it will improve after the establishment of the new Istanbul Financial Center, which will make the income of citizens in Turkey greater and will make job opportunities better in terms of income and wages.
Thus, the new Istanbul Financial Center has a positive impact on living in Turkey and making life easier and simpler in it, which attracts large numbers of visitors and tourists to Turkey to experience life and living in it.
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