Turkey’s new financial district brings it a step closer to being a regional business hub
Business and Economics, Cross-regional and Blogosphere, PhotoblogNo Comment
This photo essay is likely to be especially interesting to neweurasia’s business-minded readers. Turkey’s ruling Justice and Development Party (AKP) is trying to establish Istanbul as a global financial center similar to New York, London, and Shanghai. Experts I spoke with recently explained that the city is currently a “regional diversified” global financial center. This means that it is serves the surrounding countries, such as those in the Balkans, the Middle East, and Central Asia.
The Turks have been trying to up their business in Central Asia. Due to the bureaucratic nature of Central Asia, it’s been slow going, but the Turks won’t be deterred. The goal of the new financial center is to attract investment to Turkey and also increase the country’s importance as a hub from where companies can spread out across the region. There are direct flights from Istanbul to numerous Central Asia cities and the Turks want to become the people that lead the way to business there.