Istanbul .. the pillar of the economy in Turkey

Istanbul .. the pillar of the economy in Turkey

Istanbul .. the pillar of the economy in Turkey
Istanbul .. the pillar of the economy in Turkey

It is no a secret to anyone that Istanbul was and still is one of the most important strategic cities in the world because of its geographical location which is centered on the crossing gate between the east and the west, so It has always been the connection knot in the global trade routes for thousands of years, with its Bosphorus that separate the two halves of the city, making it such a unique beautiful city, and made Istanbul earn its reputation and increased its strategic value at the level of straits, which is no less valuable than the land roads between Europe and Asia. In 2018, the number of foreign companies that created in Istanbul and registered in its chamber of commerce reached 32,741 companies, and this confirms Istanbul's economic value and its great impact on the economic movement not only in Turkey but also in the whole region, Istanbul has been able to achieve excellent numbers in the last two decades in economic growth, where the national income of Istanbul reached 27% out of the whole national income of the Turkish Republic, and its share of exports reached 43% in 2018, which makes Istanbul's economy ahead of the economies of 130 countries, recently the Turkish Minister of Industry and Technology Mustafa Varank tweeted, that a report published by "Startup Genome" center which specialized in entrepreneurial research in the world shows Istanbul's position in the sixteenth place globally in the List of emerging economies, and continued saying that Istanbul has exceeded the most world famous cities such as Brussels, Moscow and Dubai. Today Istanbul is getting a huge interest from foreign investors because of how much is smooth to invest in it and its richness with various industries, the quality of the Turkish product and the laws that make it easy for investors to establish their companies in less than one day, all of this besides being a tourist destination for approximately 45 million tourists annually making it a city of the future that will compete with the largest economies in the world.

Comments
Related Posts