President Erdoğan Launches Istanbul Financial Center

​​​​Joining centuries-old global financial centers, the Istanbul Financial Center was inaugurated on April 17 with the participation of President Recep Tayyip Erdoğan, Minister of Treasury and Finance Nureddin Nebati and Minister of Environment, Urbanization and Climate Change Murat Kurum.

President Erdoğan noted in his speech that Istanbul has historically served as both a geographical and commercial bridge between the East and the West, adding, “It is a city that has the potential to establish the same connectivity between financial markets today. The Istanbul Financial Center is a visionary project that aims to strengthen Türkiye's position in the world economy and to make our country a regional and global financial center in the future."

President Erdoğan went on to say that the Istanbul Financial Center will boost Türkiye's potential to attract investment by facilitating the flow of international capital, bringing savings into the economy by channeling them into new financial instruments, and ensuring the continuity of financial stability through the financing of major infrastructure projects. “While deploying alternative financial instruments, we will also encourage young enterprises working on financial and blockchain technologies that look to develop and invest in this field", the President added.

As the culmination of 10 years of hard work, the Istanbul Financial Center enjoys a smart city model and boasts 21 office buildings with a 1.4 million square meters of area, a shopping center spanning 100,000 square meters, a congress center for 2,100 people, a hotel, and a parking lot with a capacity of 26,500 vehicles.​

Source: ​Presidency of the Republic of Türkiye​

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Istanbul Finance Center; Türkiye; Recep Tayyip Erdoğan