FINANCE AND INVESTMENT IN ISTANBUL
A strong Turkey that gives confidence for investors, suitable for stable growth, and with a “Demographic Window of Opportunity”; and its heart, Istanbul, the metropolis of the world!
Demographic Window of Opportunity describes an increase in the population of working age range (Ages 15-64) in the society.
This windows emerges when the rate of “dependent population” consisting of children (Aged <15) and seniors (Aged >65) decreases and the population of working age range increases. Because this period offers an incredibly well economic growth opportunity, this demographic circumstance is referred to as a “chance”.
According to demographers, The demographic window of opportunity in Turkey opened in early 2000’s and will continue to be open until 2040.
Istanbul’s Appeal on the Path to Becoming a Center of Attraction in Terms of Finance and Investment
– It is one of the 10 cities in the world with the most visitors by hosting 4 million tourists every year.
– It is the 3rd most visited destination of Europe.
– It is a global center with markets that can access markets that worth 30 trillion dollars and 1.6 billion people with a 4 hour-long flight.
– It is at the 1st place with 132 Billion Dollars of Brand Value among 30 metropolises in Turkey.
– It was ranked 21st with 425 Billion Dollars of Stock Exchange Trading Value in 2018.
– 40 thousand of 60 thousand companies with international capital are located in Istanbul.
– It is the biggest student city of Turkey with 61 universities.
– It is the host to 75 thousand companies with 206 Billion Dollars of foreign trade value.
– It has 238 hospitals with a total of 36 thousand beds,
– And it has 604 hotels with a total of 123 thousand beds.
Istanbul Investment Agency
Istanbul Investment Agency was established by IMM for the purposes of introducing the investment and service projects of Istanbul and Istanbul Metropolitan Municipality (IMM) on the principles of sharing, inclusivity, and transparency, and to provide full support for domestic and foreign investors in subjects of introduction and promotion.
In the opening of this vital organization that will further improve Istanbul in terms of investment and finance, Mayor of Istanbul Metropolitan Municipality Mr. Ekrem Imamoglu expressed the importance of the organization with these words:“We will strengthen the quality of Istanbul as world metropolis that is suitable for investments, businesses and visits. We will make Istanbul a city that is the center of advanced technologies and creative industries with high added value. In order to achieve this, we shall communicate with foreign investors on an always open, honest, reliable, and focus oriented basis that is structured around the concept of mutual achievement. We will focus of public transportation investments, and subways in particular. Urban planning investments will be the second strategic focusing point for us. We will make plans and investments that will reshape the texture of the city for Istanbul is situated on a threatening earthquake fault line. These investments will not damage the nature of Istanbul, but it will preserve and improve it further. We will initially develop institutions in advanced technological fields. We will support new technological companies, software, design, programming, and education companies. We will collaborate with the creative entrepreneurs of the city and the world. Istanbul will become one of the leading cities with regards to investments towards environment, clean energy, and urban waste recycling. We will support and promote every technology and company that considers climate change as the biggest threat to the world.
In order to further express the multi-cultural, multi-colored, and multi-voiced structure of Istanbul, we will fire up liberties and creativity with the great people of this city. We will all work together to make this city rank among the top three across the world in terms of foreign visitors.
For this reason, tourism investments will become one of the main areas for us.
We will promote the integrated agricultural production happening in the proximity of our city with regards to the manufacturer-consumer chain.
We will be open to all international collaboration opportunities in all of these fields.”
In order to catch up with investment opportunities in Istanbul and get to know the city, you can visit the website of Istanbul Investment Agency (https://istanbulinvestmentagency.istanbul/); and you can also take a look at the website of Istanbul Statistics Office established in the same year that allows the investors to make rational projections for the future, and you can also navigate to Istanbul Metropolitan Municipality ‘Open Data Portal’ (https://data.ibb.gov.tr/en/).