President Erdoğan attends opening ceremony of Istanbul Financial Center 17-04-2023 15:52:47

 

Speaking at the opening ceremony of Istanbul Financial Center, President Erdoğan said: “The Istanbul Financial Center is a visionary project developed to strengthen Türkiye’s position in the world economy and to make our country a regional and, in the future, a global financial center.”

President Recep Tayyip Erdoğan delivered a speech at the opening ceremony of Istanbul Financial Center in Ümraniye.

Expressing his excitement to inaugurate the first phase of the Istanbul Financial Center, which will elevate Türkiye to the next league in the field of finance, President Erdoğan mentioned old financial centers such as New York, London and Frankfurt as well as new ones such as Dubai, Singapore and Hong Kong, and said: “The center of gravity of global finance is increasingly shifting from west to east. In this context, the increasing trade competition between Asia and Europe and the geopolitical position of our country open new windows of opportunity for Istanbul. With the Turkish Economic Model, which is based on developing our country through investment, employment, production, exports and current account surplus, we have taken our targets one step higher.”

“WE HAVE REALIZED THE MOST PRESTIGIOUS PROJECT OF OUR COUNTRY”

“We believe that Istanbul, which has historically served both as a geographical and as a commercial bridge between east and west, has the potential to establish the same link between financial markets today,” President Erdoğan said. “The Istanbul Financial Center is a visionary project developed to strengthen Türkiye’s position in the world economy and to make our country a regional and, in the future, a global financial center. With this project, the construction of which we started in 2013, we decided to move the leading institutions of our country, including our Central Bank, public banks and stock exchange, to Istanbul. Thus, we have realized the most prestigious project of our country and the world with a total investment value of TL65 billion.”