Turkish Projects Entered the “AEC Excellence Awards 2017”

AEC

The Istanbul Metro and Tunnel Project and the Istanbul III Airport Project have entered the competition for the AEC Excellence Awards, one of the most prestigious international awards to be held in Las Vegas, USA.

The metro line (Kabataş-Mecidiyeköy-Mahmutbey) is 22.5 km long and consists of 19 stations, and 83% of the excavation has been completed and planned to be opened in 2019.

Istanbul’s third airport will be one of the world’s largest and most modern airports. It will provide services to 200 million passengers a year on completion. while the operation of the airport is expected to generate revenues of 22 billion euros in 25 years and will provide more than 100,000 jobs annually at the opening of its first phase.

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Turkish Exports Hit a High Record in August

According to the Turkey Economy Minister, Turkey achieved the highest number of exports in August, reaching 13 billion and 287 dollars, up 12.36% from the previous year.

The total value of Turkish exports during the first eight months of this year reached 103 billion and 348 million dollars, an increase of 10.82 percent compared to the previous year.

The Turkish minister said that Turkey seeks to raise the growth rate in its economy to 4.4% by the end of this year.

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Turkey Economy to Rank 10th Globally by 2023

Turkey Minister of Economy declared that Turkey is seeking to develop its economy in various fields in order to reach number tenth globally and third in Europe by 2023.

The minister pointed out that Turkish economy ranked 13th in the world, and the fifth in Europe according to the International Monetary Fund, and the Minister expected a remarkable growth in the second quarter of this year.

اقتصاد

Turkey Determine the Number of Days of Eid Al-Adha Holiday in Turkey

The Turkish cabinet approved the Eid Al-Adha holiday after days of argument

In a press conference following the government meeting headed by Recep Tayyip Erdogan, Deputy Prime Minister and Minister of Government Bakir Bouzdag announced that Eid al-Adha holiday will be extended for ten days in a row to support tourism companies, travel, land and air transportation, and touristic resorts.

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Holidays

Saturday 26 August 2017 Weekend

Sunday 27 August 2017 Weekend

Monday 28 August 2017 Integrated

Tuesday 29 August 2017 Integrated

Wednesday 30 August 2017 Victory Day, public holiday

Thursday 31 August 2017 Arafa Day, Integrated

Friday 01 September 2017 Eid Al-Adha / First day

Saturday 02 September 2017 Eid Al-Adha / Second day

Sunday 03 September 2017 Eid Al-Adha / Third Day

Monday 04 September 2017 Eid Al-Adha / Fourth Day

May blessings of Allah always shine upon you and your family

Turkey Plans to Build a Third Airport in Antalya

The Turkish president said; the government intends to build a third airport in Antalya at the end of this year, in addition to the construction of two railway lines to connect Antalya the first tourist city across the country.

The Turkish president pointed to the signing of a cooperation agreement between Turkey and Japan for the establishment of a large medical hospital in Istanbul worth 1.5 billion dollars, adding that international investment flows to Turkey due to its flexibility and facilities in the legislation on investment in general.

Istanbul Ranked First on Real-estate Sales for Foreigners

tamalok 205 news

Real estate sales for foreigners in Turkey rose by 24.8 percent in June, according to a government source The number of properties sold to foreigners during the last month is one thousand and 926 properties.

The Saudis ranked first, buying 612 properties, followed by Iraqis with 239, Kuwaitis with 136, Russians with 115, and the British with 87 properties.

Istanbul topped the list of states in real estate sales to foreigners, with 903 properties, followed by Antalya with 408, Bursa 93, and supported by 77 and Ankara with 68 and Mogla 60 properties.

https://www.tamalok.com/en/news/205

اسطنبول تدعوكم لمهرجان التسوق السابع

إنها فرصة سانحة لزوار مدينة اسطنبول الساحرة لحضور مهرجان التسوق في الفترة الواقعة بين 1- 6 من تموز- يوليو 2017 والقيام برحلة استكشاف رائعة لحضارة المدينة، تاريخها، آثارها، ثقافتها، وفنونها.

مهرجان التسوق في اسطنبول

سيتم تنظيم المهرجان في 9 مراكز تجارية حيويّة مهمة، وسيضم حوالي 200 مصمم تركي وأجنبي، كما ستقام معارض وورشات عمل على هامش هذا المهرجان المميز، في حين سيشهد العديد من المسابقات بالتصميم، وتعطى جائزة أفضل تصميم للفائز الأول.

بدأ تنظيم هذا المهرجان في اسطنبول عام  2011، واكتسب منذ ذلك الوقت شهرة واسعة، وأصبح علامة تجارية عالمية بفضل تضافر الجهود وتعاون مؤسسات المدينة وجهاتها العامة والخاصة.

Turkey to Attract More Foreign Investment

Over the past years, Turkey has been keen to attract foreign investments by various means. It has introduced laws and regulations to encourage the inflow of foreign capital to invest in various fields. It has facilitated many procedures and had provide many advantages. The facilities granted to invest in real estate in Turkey are an obvious example.

Turkey has already made extraordinary efforts to attract $ 12.3 billion in foreign investment and has signed several agreements around the world; despite turbulence in the region in 2016 and the drop in global investments.

This is reflected in the World Investment Report 2017 issued by the United Nations Conference on Trade and Development (UNCTAD), which pointed out that this achievement reflects the diversity of industrial structure in Turkey, where manufacturing accounted for about half of the total foreign investment, unlike most countries in the region that rely mainly on oil .استثمار.jpg

If the World Was One Country, Istanbul Would be it’s an Undisputed Capital

With this statement of the French leader Napoleon Bonaparte we can start our talk about this fantastic city which has all the elements of beauty and excellence in various areas; it is the largest city in Turkey, the capital of cultural, economic and tourism. In addition to its strategic geographical location and charming nature, its cultural and religious weight is a prominent center among the cities of the world.

  • Location: Istanbul is located in Marmara region in north-west of Turkey; bordered to the north by the Black Sea, to the south by the Sea of Marmara, to the west by the province of Tekirdag, to the east by Sakarya and Kogali. The Bosphorus Strait divides the city into two parts; eastern part located in the Asian continent “the Kogali Peninsula”, and a western part located in the continent of Europe “ Chatlja Peninsula”. This made Istanbul the world’s best defense site.
  • Area: The total area of Istanbul is 5461 square kilometers, the land area of which is 5343 square kilometers; the central city area is 1830 square kilometers, administratively divided into 39 municipalities, 27 of which are the central city.
  • Climate: Istanbul climate is generally mild, especially in spring and autumn. While summer is warm and humid, and winter is characterized by cold and rain, also it is often snowing.
  • Population: Istanbul has a population of 14,804,116 people, this figure represents 18.5% of Turkey’s population, according to the official statistics of 2016.
  • Demographics: Istanbul has a distinct ethnic and religious diversity, which has made it a prominent place among followers of various religious sects. Sunni Muslims forms the majority of the city’s population, while the Alawites are the largest religious minority, followed by Christians with their sects, the Latin Shemites, and the Jews.
  • History: Istanbul dates back to the 7th millennium BC, meaning that the city was inhabited even before the Bosphorus was formed. Throughout history, Istanbul has been known by several names: Byzantium, Constantinople, Astana, and Islambul.

From the middle of the 7th century BC, the Greek immigrants founded the town of Bezas on the European side of Istanbul, while Constantine I chose it as the official capital of the Roman Empire and changed its name to Constantinople. The city was flourishing while the Roman Empire was greatly divided. Its political, military, commercial and religious status increased, especially when it became the capital of the Greek Orthodox Christians.

In the seventh century AD, after the emergence of Islam and the expansion of Muslims in their conquests across the world, the armies of the Umayyad caliphate tried to open Constantinople, but they did not succeed because the Byzantines defended them, and due to the strong fortification of the city. The Ottomans later managed to control the most important Byzantine cities, such as Bursa and Izmit, which constituted the eastern gateway to Constantinople, Galipoli on the Dardanelles Strait, while they expanded westward in Thrace and Aderna; their conquests extended until their wars reached Bulgaria and Greece. The city fell on May 29, 1453, after its siege for 53 days, in the hands of the Ottomans under the leadership of Sultan Mohammed II, nicknamed al- Fateh.

After the Ottoman conquest, al-Fateh transferred the capital of the Ottoman Empire from Aderna to Constantinople, which became the Islambol (the City of Islam), and soon the Ottomans worked on the renaissance of the city at various levels to occupy a leading position among the cities of the world.

By 1516, Istanbul became the capital of the Islamic Caliphate after the Ottoman Sultan Selim I, was declared a successor to the Muslims. This gave impetus to its prosperity and development in various fields, attesting to important achievements at all levels.

Allied armies occupied Istanbul at the end of the First World War. They remained until the fall of the Ottoman Empire and the declaration of the Turkish Republic led by Mustafa Kemal Ataturk. They withdrew under the Treaty of Lausanne, and Ataturk moved the capital to Ankara.

  • Economy: Istanbul is the most important economic center in Turkey. It provides about 20% of workers’ employment opportunities, contributes 22% of the national product, and provides about 40% of the total state taxes, while producing about 55% of exports.

According to statistics from 2014, the per capita GNI is about $ 12.12 thousand in Turkey, while the figure in Istanbul is $ 19.9 thousand.

Among the most prominent industries in Istanbul are textiles, leather products, chemical and rubber products, electronic products, food and pharmaceutical industries, and others. Istanbul is also famous for olive, fruit, cotton, sunflower and tobacco.

Istanbul is the capital of tourism in Turkey because it attracts the largest number of visitors annually due to the natural beauty of the city and the diversity of its sources; and the wonderful historical monuments spread throughout the city, in addition to the distinguished services offered to tourists at various levels. It is a city that does not rest and does not sleep. It is in a constant activity that is diverse among artistic, cultural, scientific, economic and even political events and festivals.

  • Historical and touristic monuments: Istanbul is famous for its large historical mosques with prominent Ottoman features such as the Sulaymaniyah, Sultanahmet, Al Fateh, New Mosque, Abu Ayyub Al Ansari Mosque and many more. The Hagia Sophia is an important landmark for Muslims in the Ottoman era. Mustafa Kemal Ataturk turned into a museum. Istanbul is thriving with many famous museums such as the 1453 Panorama, The famous Topkapi Museum and the Dolma Bahge Museum, where the Ottomans ruled the state during the last 100 years of its existence.

Public areas and squares in Istanbul have gained worldwide acclaim throughout history, such as Taksim Square and the nearby Istiklal Street. Some of the ports are also important landmarks such as the port of Aminonu and Yinnie Kappi. Also, Istanbul is home to a large number of large parks and which add to the beauty to this charming city, as well as the famous Turkish baths and entertainment centers.

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Buying Property in Turkey Qualifies for Citizenship

The acquisition of Turkish citizenship has been made available in several ways to those who wish, as announced by the Turkish government, including buying a property worth at least one million US dollars, and not sell it for three years.

The Ministry of Environment and Urban Development of Turkey has been making instructions in this regard, including the conditions for obtaining Turkish nationality through the purchase of a property, as follows:

1. The price of the property to be purchased must be determined by an authorized legal property appraiser approved by the Turkish Capital Markets Authority, to indicate the market value of the property.

2. The market value stated in the appraiser’s report shall be calculated in US dollars, based on the effective exchange rate of the Central Bank of Turkey.

3. If more than one property is purchased by the same person, the market value of the properties owned by a single sum shall be collected and the value shall be calculated at the rate of exchange at the Central Bank of Turkey on the date of the sale contract.

4. A person wishing to acquire Turkish nationality by means of a property in Turkey undertakes not to sell the property for a period of 3 years from the date of obtaining the nationality, and this registration is recorded in the property register.

5. A foreigner who has owned a property in Turkey prior to the issuance of these instructions shall have the right to include the property for the purpose of obtaining his Turkish nationality, subject to the obligation not to sell the property for three years and the rest of the requirements such as evaluation.

6. After the expiry of the three-year period, the property owner may submits a request to lift the sale ban on the property.

7. The holder of Turkish nationality shall inform the Directorate General of the Persons and Citizenship Affairs in the event of imposing a seizure on the properties referred to therein or taking legal measures against them and other related precautionary measures during the three years provided.

8. Valuation reports of the market property must be issued in the same year in which the application was submitted, otherwise the Ministry of Finance may apply new valuation rates to incoming or incomplete transactions.

9. The tax on the property is imposed based on the value of the property stated in the valuation report.Tukish citizenship