A Special Tour of the New Istanbul Financial Center
The Turkish government did not hesitate to put forward many important projects to support the infrastructure, because it fully believes that through these strategic projects, it can attract many distinguished foreign investments that contribute to the development of the country in general.
In this article, the editorial team at Tammam Lama Real Estate will inform you about a different aspect of the Turkish reality, which is the infrastructure and its latest developments (the new Istanbul Financial Center). If you wish to see this unique achievement, do not hesitate to follow the following article with us to the end.
What is the new Istanbul Financial Center?
Located in the heart of Istanbul, the Istanbul Financial Center will be a world-class financial center that rivals the likes of London and New York.
-The project is currently in advanced stages of development, but upon completion, the center will span an impressive 2 million square meters.
-The center will consist of offices, residential apartments, hotels, retail outlets and a conference center.
-There will also be a public garden located on the roof of the center.
-Istanbul Financial Center is expected to attract major international financial institutions and provide a boost to the city's economy.
Istanbul's new financial center attracts investors:
The new financial center of Istanbul, which is being built on the site of the former Ataturk Airport, is attracting foreign investors. The project is financed by a consortium of Turkish and international banks. The new financial center will be home to the Istanbul Stock Exchange, the Central Bank of Turkey and other financial institutions.
The project has the support of the Turkish government, which has invested 3$ billion in the project and IIFC is designed to be a hub for banking, insurance and other financial services. The project is also part of Istanbul's broader ambition to become a regional center for finance and trade and the city is already home to a number of international banks and financial institutions.
The impact of Istanbul's financial center on the real estate sector:
The new financial center in Istanbul will have a positive impact on the real estate sector in the city, according to a new report issued by the concerned authorities. Specifically, which has begun to witness an unprecedented urban revolution, and she said that the center will help attract more international companies to Istanbul and boost the city's economy.
Other development and strategic projects in Istanbul:
It is not possible to talk about all the distinguished projects that the Turkish government was keen to implement in the city of Istanbul, but it is necessary to mention the most important ones, because thanks to their presence, this debtor was able to achieve a lot of distinction and progress and became one of the competing cities at the international level. The following is a brief summary of the most prominent ones:
1 - Istanbul New Airport:
Istanbul New Airport is one of the largest airports in the world and is located on the European side of Istanbul. It contains six runways and can accommodate up to 90 million passengers annually. The airport is equipped with the latest technology and can handle all types of aircraft. The New Istanbul Airport has a capacity of up to 1000 flights per day.
2 - New Istanbul Canal:
The New Istanbul Canal, which is currently under construction, will be one of the most important shipping routes in the world when it opens and the canal will provide a shortcut between the Black Sea and the Mediterranean, reducing travel time for ships to three days. The canal will also ease congestion in the Bosphorus Strait, one of the world's busiest shipping channels, with more than 50,000 ships passing through the strait every year, the traffic is increasing significantly and the new canal is expected to have a major impact on global trade and will be a major factor in Istanbul's bid to become a leading global city.
3 - Eurasia Tunnel:
The Eurasia Tunnel is a road tunnel under the Bosphorus in Istanbul. The double-decker tunnel runs 5.4 kilometers (3.4 mi) between Kazlicesme on the European side and Goztepe on the Asian side of Istanbul. It is the deepest submerged tube tunnel in the world, and the underwater portion is 106 meters (348 ft) below sea level and the tunnel was constructed to reduce traffic congestion on the Bosphorus Bridge and to provide an alternative route for vehicles traveling between Europe and Asia. The Eurasia Tunnel carries up to 90,000 vehicles per day and cuts journey times between Kaziliceme and Goztepe from 120 minutes to 15 minutes.
4 - Highways:
The city has a wide network of highways that help maintain traffic and provide access to many different parts of the city. The highways are also important for economic activity and quality of life in Istanbul. They help reduce travel times, making it easier for people to get to work and move in the city ant it provides access to basic services, such as hospitals and schools.
5 - Basaksehir Medical City:
Basaksehir Medical City has 2,000 beds and provides medical care to more than 4 million people living in Istanbul. The hospital has 3,500 doctors and 8,000 nurses. Basaksehir Medical City also offers a wide range of medical services, including general medicine, surgery, pediatrics, obstetrics, gynecology, cardiology, neurology and oncology. The hospital also has a dental clinic, an ophthalmology department, and a physiotherapy department.
Istanbul is rich in many huge projects that were a major reason for its entry into the arena of competition at the global level, and thanks to it, it has become one of the most important places suitable for investing in real estate because the impact of these projects is great, especially on the surrounding areas and real estate and investment projects. Whoever invests in real estate in Istanbul nowadays seeks to own property near it to ensure that the prices of his properties will rise over time.
