Istanbul Finance Center is nearing the end! to Istanbul for money
Istanbul Finance Center (IFC), which will be completed by April, will have strategic moves to manage international capital. Istanbul, such as London, Singapore, New York, Frankfurt and Dubai worldIt is calculated that a transaction volume of 15 billion dollars will be realized in the first stage in the IFC, which will become one of the most important financial community of Istanbul. Experts, IFC’s Turkey economyHe pointed out that he would add an important part to it.
The expert, who drew attention to Turkey’s economic institutions in international reports, pointed out that 100 billion dollars of capital could come from the Gulf regions with the dimensions of new expansions, especially the interest-free finance establishment managed by bankers in London and whose global size exceeds 3 dollars.
MONEY IS LOOKING FOR A PLACE TO GO
Economist Murat Tufan said that Istanbul is an important trade center. Tufan, who is known for the search for a place that leads to serious goals of capital in Saudi Arabia and Qatar due to oil revenues, said, “A little more policies need to be carried out in the field of capital markets. Money is looking for a place to go. If the conditions are met, it can be either the Gulf or the West,” he said.
Dündar Murat Demiröz said that the Istanbul Finance Center is one of the most appropriate transactions within the framework of a long-term planning. Expressing the conditions of certain conditions for attracting capital, Demiröz stated that the abolition of the next constitution is the provision of financial stability. In addition to this, Demiröz, who drew the center of the new tools in interest-free finance in order to attract the capital of the Gulf enterprises, said, “Interest-free financing should be expanded. In the expansion of external debt, maturity should be extended. If all these are provided, there will be serious capital documents. It flows not only from the Gulf, but also from the countries of the world.”
Pointing out that it is managed by bankers in London, who eliminated the financing in question, Demiröz said, “Why are you evaluating from Istanbul? Participation finance needs to be in a privileged place to attract the Gulf. There are bonds, lease certificates. The more comprehensive these are, the more clearly we will attract Gulf capital.”
Economist Mehmet Zeki Smartoğlu said that international money flow is related to the cyclical and profit target. He continued his words of the Smartoglu groups: “The group that owns Turkey came and today, 8-9 out of 10 investments are positive. Maybe 1-2 technical things can be done for a comfortable capital center. Capital movements of 100 billions of dollars occur every year. These oil-rich groups “According to the international analysis, the Turkish economy has reached 3 dollars. It is necessary to explain this well. In this way, we will reach more and more from the capital.”
PUBLIC INSTITUTIONS ARE MOVING
The IFC, which is expected at the end of this year, will include the Central Bank of the Republic of Turkey (TCMB), Borsa Istanbul, the Banking Regulation and Supervision Agency (BDDK) and the Capital Markets Board (SPK), as well as the general directorates of Ziraat Bank, Vakıfbank, Halkbank.
5 STAR MEETING ROOMS
In the project, which was built with the smart city model, users in banking, capital markets, insurance, asset management and consultancy users are active. There will be 5 star meeting rooms. Istanbul has 1.6 billion people, an economic dimension of 30 departure dollars and a transaction volume of 8 trips, located at 4 destinations to the geography.
TAX REDUCTION 75 PERCENT
With the IFC Law in early June 2022, the financial services here will be counted as financial exports. Within the scope of the law, banking, insurance, financial leasing, factoring, financing and savings financing, capital savings transactions, payment and electronic money assets, wealth management and private pension business will take place in IFC. 75% of the operating income at the center will be tax deductible.
15 MILLION DOLLARS IN THE FIRST PLACE
The annual financial expenditure of 2 billion is projected to spend 16 billion. 50 thousand people will be employed at the beginning, and 120 thousand people will be employed in the following years. IFC’s goal is to enter the world’s top 10 financial centers in 10 years. The transaction volume calculated at the first stage is 15 billion dollars.
LAST VIEWED WITH DRONE
Istanbul Finance Center (IFC), which will make Istanbul one of the most important financial centers of the world, was viewed from the air with a drone. During the construction works of IFC, it was observed that they were operating by hanging from high ropes.
SOURCE: TURKEY NEWSPAPER