Istanbul Financial Center
| Istanbul Financial Center | |
|---|---|
 | |
 A view of Istanbul Financial Center, with the CBRT Tower in the background | |
 Interactive map of the Istanbul Financial Center area | |
General information | |
| Status | Active |
Architectural style | Postmodernism |
| Location | Finanskent, Istanbul, Turkey |
| Opening | 17 April 2023[1] |
| Cost | ₺65 billion[2] |
| Owner | Turkey Wealth Fund |
| Other information | |
| Parking | 26,500 vehicles[3] |
Public transit | Istanbul Metro: Finans Merkezi |
| Website | |
| ifm | |
The Istanbul Financial Center (IFC),[a] is a financial district serving banks, autonomous public institutions, multi-national companies and their related back offices and service firms.[4]
Located on the Asian side of Istanbul, in the Finanskent quarter between the districts of Ümraniye and Ataşehir (closer to the latter), the IFC is intended to consolidate various financial institutions, services, and infrastructures within a designated area to promote collaboration, efficiency, and growth within the financial sector. Approximately 100 thousand employees work in the IFC.[5]
Development
[edit]The concept of the Istanbul Financial Center emerged in the early 2000s as part of Turkey's broader economic vision to elevate its status in the global financial arena. The project gained momentum with the formal announcement by the Turkish government in 2009.[6] In 2023, the opening ceremony of the Istanbul Financial Center was held.[7]
Location
[edit]The IFC is situated in the Finanskent quarter near Ataşehir on the Anatolian (Asian) side of Istanbul.
Components
[edit]The Istanbul Financial Center comprises several components designed to accommodate diverse financial activities and services.[8] Regulatory agencies such as the Banking Regulation and Supervision Agency (BRSA) and the Capital Markets Board of Turkey (CMB) have a presence in the IFC. The center hosts national banks, investment firms, asset management companies, and other financial institutions.[9][10][11]
See also
[edit]References
[edit]- ↑ "Istanbul Finance Center 'to help draw investment' - Türkiye News". Hürriyet Daily News. 17 April 2023. Retrieved 30 March 2024.
- ↑ Orkan, Semra (17 April 2023). "Bakan Kurum: İstanbul Finans Merkezi bölgede bir cazibe merkezi olacak". Anadolu Ajansı. Anadolu Ajansı. Retrieved 19 April 2023.
- ↑ "İstanbul Finans Merkezi'nde kiralamalar başlıyor - Capital". Capital Online (in Turkish). 11 June 2022. Retrieved 19 April 2023.
- ↑ "Istanbul International Financial Centre - Arup". www.arup.com. Retrieved 30 March 2024.[dead link]
- ↑ "Istanbul Finance Center opens with inauguration of banking section | Local News". Yeni Şafak. 17 April 2023. Retrieved 30 March 2024.
- ↑ "Türkiye introduces Istanbul Finance Center". Ernst & Young. 9 June 2022. Archived from the original on 1 April 2024. Retrieved 30 March 2024.
- ↑ "The opening ceremony of the Istanbul Financial Center was held in Istanbul with the participation of the President". Steel Radar. 18 April 2023. Retrieved 30 March 2024.
- ↑ "Türkiye opens long-anticipated Istanbul Finance Center". Daily Sabah. 17 April 2023. Retrieved 30 March 2024.
- ↑ "Istanbul Financial Center". Retrieved 14 April 2026.
- ↑ Tuba Ongun (17 April 2023). "Istanbul Finance Center opens with inauguration of banking section". Anadolu Agency.
- ↑ "Istanbul Financial Center: Properties". ifm.gov.tr. Retrieved 14 April 2026.