New Istanbul Financial Centre aims to outclass London and New York

Istanbul, 9 February 2012 - The new Istanbul Financial Centre project in Atasehir on the Asian side of Istanbul is taking shape with construction underway. The Financial Centre has the full backing of the Turkish Government with many of Turkey’s governing bodies of rapidly growing financial sector being house in the Financial Centre. The Centre will cover over 2.5 million m2 with some 30,000 people being employed there. The Centre has been architecturally designed to reflect the historical landmarks of Istanbul. Referring to the Centre at a recent press conference to launch the project, Erdogan Bayraktar, Turkey’s Minister of Environment and Urbanization, said “A symbol of grandeur and elegance, Istanbul will assume its historical role as a global centre of commerce”. On completion the Centre will house the Turkish Government owned banks, Halkbank, VakifBank and Ziraat Bank as well as the Turkish Banks Association, the Capital Markets Board and the Banking Regulation and Supervision Agency. The Centre will be available for private global financial institutions and by size the Centre will out its competitors in London and New York. Source: Invest in Turkey

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