the values of Istanbul’s new financial center for investors
The Istanbul International Finance Center project, Located within the borders of the Umraniye District of Istanbul.
IIFC is important for Istanbul to become one of the top 20 financial centers in the world. this center will be an important business district serving many banks, autonomous public institutions, and multinational companies.
The specifications of Istanbul Financial City:
Specialists believe that Istanbul Financial City will have a positive impact once it is starting, whether by 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 the Turkısh 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.
What does this financial center contain?
The financial center of Istanbul contains four main areas and they contain:
- Building of the Central Bank of TurkeyOfficial Agency for Banking Regulation and Supervision SPKBDDK Capital Markets Board.The headquarters of major government banks (Ziraat Bank, Halk Bank, Vakıf Bank)
- Offices spread over an area of 560,000 square meters
- Hotels and shopping centers on an area of 160,000 square meters.
- A cultural center and conference hall that can accommodate 2,000 people with an area of 60,000 square meters.
Istanbul Financial Center, fully 81% completed as of this April, boasts 1.4 million square meters of office space, a 100,000-square-meter (nearly 1.1 million-square-foot) shopping center. a conference and performance center for 2,100 people, a five-star hotel spanning 30,000 square meters (nearly 323,000 square feet), and a parking lot with a capacity of 26,000 vehicles.
The IFC aims to host nearly 100,000 employees and visitors daily.
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.
they have also achieved an increase in real estate investments and ranked first in real estate sales in Türkiye for many years. EVARA also helps you invest and choose the right choice for investment or other purposes.
One of the 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 the 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 launched several mega projects such as Istanbul Canal project, which will change the shape of the city.
If you are planning to buy a house in Türkiye, be sure to consult Evara. Contact us through the links below: