Is the economic revolution a harbinger of prosperity or decline?
In the last two decades, it has become clear to everyone, especially investors, the huge and remarkable economic success achieved by Turkey, on which many goals and hopes were built, and it is known that this work was built according to well-thought-out and clearly defined plans, so that we have a huge economic renaissance that put Turkey on the list of important countries for investment, tourism and trade.
The Turkish state has worked to lay the foundation stone for the renaissance it wanted, by starting to implement urban renaissance projects and promoting work in the real estate market, as well as strengthening transportation, paving streets, building bridges, increasing the number of public facilities, and attracting major factories of companies to create job opportunities and solve the issue of unemployment in the country, and it has paid attention to education by strengthening the role of universities and allowing many private universities to open their doors to local and foreign students to enroll in them.
Returning to the core of the topic that we wanted to raise regarding investment and the economic revolution that the Turkish government sought to create years ago, which has been rising and rising since the beginning of the year 2008 to this day, and it reached its peak before the start of Corona in 2020, and then began to fluctuate after the global economic crisis whose impact on the whole world is clear, and as usual, the economic policy in Turkey always has alternative solutions when crises occur, and as usual it returned to prove to us that it will continue to work on developing investment opportunities to present them to the internal and external market.
One of the most important projects put forward by the government to revive investment was the new city project, which the state presented its organizational chart in 2022, and major construction companies affiliated with the government have already started working on it, such as Emlak Konut and Toki, and it is known that such companies, once they enter any project planned for the future of emerging cities, are the cornerstone and the first step towards a prosperous city, and this was shown by previous experiences in several areas in Istanbul in particular and in Turkey in general.
One of the areas that the state has worked on is the city of Basaksehir, which has become a magnet that attracts foreigners and Turks to it and is the largest place that brings together a spectrum of different nationalities, and it is known about this area the development it has reached, whether in services, urban development, green spaces, and transportation, as a metro line passes from it to the city center, not to mention the main streets that reach it.
If we want to talk about examples, they are many and widespread, such as the Arnavutkoy city center as well, as for the public investments put forward by the Turkish state, President Recep Tayyip Erdogan has stated that the volume of foreign investment that his country has reached in the last 21 years has reached 255 billion dollars, and the investment opportunities presented in the market are still under progress, study and work, and the opportunities for cooperation that have recently been presented by the Turkish state between many countries such as Saudi Arabia, Qatar and many other countries, and the doors of real estate, industrial, commercial and other investments are still open.
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