Istanbul - The City of Merchants
- Business Information
GDP per Capita:
textiles, metal manufactures, transport equipment.
Major Foreign Exchange Counters:
||Western Union and Thomas
processing, autos, electronics, mining (coal, chromite, copper, boron),
steel, petroleum, construction, lumber, paper.
semi-finished goods, fuels, transport equipment.
Istanbul is the only city in the world which is simultaneously located on
the two continents. The city is known as a link between east and the west.
Istanbul has always been the center of trade and commerce due to its
strategic location at major land and sea trade routes. The city houses the
Istanbul Stock Exchange (ISE) which is the only securities market of Turkey.
The ISE was established in the year 1986. The opening of various commercial
markets in the 1980's also led to the development of Istanbul to a great
extent. City of Istanbul has a share of 55% in trade of Turkey. Istanbul is
also Turkey's largest industrial center. It employs approximately 20% of
Turkey's industrial labor and contributes 38% of Turkey's industrial
Istanbul and its surrounding province produce cotton, fruit, olive oil,
silk, and tobacco. Food processing, textile production, oil products,
rubber, metal ware, leather, chemicals, pharmaceuticals, electronics, glass,
machinery, automotive, transport vehicles, paper and paper products, and
alcoholic drinks are among the city's major industrial products. The city of
Istanbul has one third contribution to Turkey's GDP.
Major Business Centers
CNR expo centre:
The CNR expo centre, located in istanbul, is the the biggest Trade Fair
Center of Eurasia. The expo centre is a premier event facility in Turkey.
The expo center came into existence in the year 1988 and since then it has
set several records. The center occupies a closed exhibition area of 150,000
sqm and holds around hundered premier events throughout the year. The venue
also has an electronic car park system with a capacity of 7500 cars.
The city also has various other support facilities that make it capable of
hosting world class events. The center has CCTV Controlled Security Service,
wi fi services, good quality audio and visual equipment and fully air
conditioned halls. The venue is easily accessible from all major parts of
the world. The center is close to the International Airport and underground
train station of Istanbul.
Istanbul Convention & Exhibition Centre (ICEC):
The Istanbul Convention & Exhibition Centre (ICEC) is a popular event
facility in Turkey. ICEC hosts a number of congresses and exhibitions each
year. ICEC can accommodate around 3500 delegates. The venue offers an
outstanding combination of state-of-the-art facilities and superior service.
ICEC's recently opened a Rumeli Fair & Exhibition which has Istanbul's
largest Ballroom covering almost 2,100 square meters.
The Ballroom is equipped with world class technical support facilities. The
center also has an auditorium named Anadolu Auditorium. Anadolu Auditorium
is a world-class event venue offering complete technical facilities from
high class projectors to tuned accoustics. The main ICEC building features a
total of 21 meeting rooms with capacities ranging from 600 to 60.
The Rumeli Fair & Exhibition Hall offers a further 5 boardrooms and 6
VIP suites as well as a 45 sq.m. (485 sq.ft.) business centre. The ICEC
Complex is a multipurpose, flexible venue which hosts a range of events
throughout the year. The ICEC is located in the city centre and is accesible
from all major parts of the city.
Major Commercial Areas:
Maslak Financial District:
Maslak is the most important business districts of Istanbul. Maslak's
tallest building is the 38-floor Sun Plaza. Several other construction
projects are taking place in Maslak, the most famous of these being the
Diamond of Istanbul which comprises three centrally-connected towers. The
Diamond of Istanbul will also be the first steel skyscraper in Turkey. It
will be earthquake and fire resistant. The financial district has numerous
industries and also houses headquarters of several national corporations.
Levent Financial District:
Levent competes with the Maslak business district in terms of new
skyscraper projects. The most famous building of the Levent Financial
District is the Clusters of the city. Levent also has the tallest completed
skyscraper of Turkey the Bankasi Tower. It has a height of 181m (195m
including the flag spire on top). The building has 52 floors. The Dubai
towers and the Sappire are the other major construction projects in the
Levent financial district.