Istanbul

THE GATEWAY TO THE EAST

Turkey is still considered as a developing nation, therefore the investment potential is very enormous particularly in the property section.

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Istanbul

Istanbul straddles Europe and Asia across the Bosphorus Strait. It’s Old City reflects the cultural influences of the many empires that once ruled here. In the Sultanahmet district, the open-air, Roman-era Hippodrome was for centuries the site of chariot races, and Egyptian obelisks also remain. The iconic Byzantine Hagia Sophia features a soaring 6th-century dome and rare Christian mosaics.

Economy

Historically, Istanbul has been the center of the country’s economic life because of its location as an international junction of land and sea trade routes.

According to Forbes magazine, Istanbul had a total of 37 billionaires in 2013, ranking 5th in the world behind Moscow (84)

Istanbul is the “industrial center” of Turkey. It employs approximately 20% of Turkey’s industrial labor and contributes 38% of Turkey’s industrial workspace. In addition, the city generates 55% of Turkey’s trade and 45% of the country’s wholesale trade, and generates 21.2% of Turkey’s gross national product. Istanbul contributes 40% of all taxes collected in Turkey and produces 27.5% of Turkey’s national product

Istanbul and its surrounding province produce cotton, fruit, olive oil, silk, and tobacco. Food processing, textile production, oil products, rubber, metal ware, leather, chemicals, electronics, glass, machinery, paper and paper products, and alcoholic drinks are among the city’s major industrial products. The city also has plants that assemble automobiles and trucks

Tourism

8500 years of history, capital of 3 great empires, 8th most visited city, World’s Leading Congress Destination, 2010 European Capital of Culture, 2012 European Capital of Sport, connecting 2 continents – Europe and Asia, 78 public and private museums, 114 shopping malls, 5 imperial palaces, dozens of summer palaces and mansions, 4 historic bazaars, 56 universities, 4 seasons throughout the year.