Sabah - Turkey’s financial capital is rising in rank on the global scale as the number of global enterprises who are establishing a presence in the city steadily increases. According to a CB Richard Ellis (CBRE) study, Istanbul is home to a significant number of global companies, either as regional headquarters or operating offices. The international property consultancy ranked Istanbul 27th in its top business locations list, dominated by booming Asian metropolises.
115 of the profiled 280 conglomerates by the CBRE have set up shop in Istanbul, representing 41 percent of the world’s major multinational businesses. The report cites Turkey’s successful economy and rapid growth rates as key factors that lure foreign companies as Istanbul outclasses Europe’s Berlin, Frankfurt, Amsterdam, Munich and Barcelona in global enterprise footprint map.
China’s Hong Kong tops the list with 191 global companies present, followed by Singapore with 179 companies.