Turkey enters the new decade of this century with huge projects:
In its endeavor to reach the summit in international forums and boost its economy so that it becomes stronger in the face of obstacles and problems imposed on it from the surroundings
Since the early 2000s, Turkey has been seeking to build a solid infrastructure for the country and build great projects that make it one of the most important countries for investment and one of the strongest economies in the world.
In order to achieve this, the Turkish government has set clear goals in its plan for 2023, and the Turkish government has laid down a strategic plan for huge projects in the field of transportation, energy and infrastructure, whose construction cost has exceeded one hundred billion dollars.
In November 2017, former Turkish Prime Minister Ben Ali Yildirim announced that there are six mega projects in the world out of ten belonging to Turkey.
Before talking about these projects, it is necessary to refer to the link between this information and the Turkish real estate market, which concerns the followers of our company website
The interest that the foreign investor will gain in the real estate field in Turkey from such huge structural projects comes from several factors that start with the increase in real estate prices and profits in the areas surrounding such projects and do not end with the expansion and strengthening of the Turkish markets in all areas, which means greater ease of establishing business in Turkey in addition to doubling Profits in it
On the other hand, there is nothing better than buying a property, house or apartment in Turkey to live in today to become in the future one of the owners of a property in one of the most powerful and developed countries in the world.
The most important infrastructure projects in Turkey today:
Projects already implemented before entering 2020
It is located up to the Bosporus strait and connects both the European and Asian side of Istanbul to reduce the time between them to 5 minutes in a car, and this pass has succeeded in running 120,000 cars per day in 2016, with the participation of many international companies American, British, Dutch, German, Italian and French. The Eurasia Corridor works as a supplement to the Marmaray Corridor, which is 13.6 km long and 60 meters from the sea surface. It also shortened the journey time between the two continents to only four minutes,
Istanbul's third airport
Istanbul's third airport replaced Ataturk Airport, which is one of the largest airports in the world. It entered work in 2019, and the total construction cost of the new airport reached 10.2 billion USD.
The construction of this airport forms part of Turkey's 2023 vision. The airport is located in the European section of Istanbul, in the Arnavutkoy area near the Black Sea on an area of 7659 hectares.
The airport is characterized by a wide area that can accommodate 200 million passengers, with 165 bridges for the disembarkation of passengers, with an internal area of one million and 500 thousand square meters, and parking spaces for 7 thousand vehicles, 6 independent landing and takeoff runways, 16 parallel runways, 6 million and 500 thousand square meters A parking lot for 500 aircraft.
The airport also contains 3 high-tech buildings, air traffic control tower, VIP lounges with upscale hotels, hospitals and an emergency center, prayer rooms, conference centers, 4 airport buildings, connected together via electrical drawers, 8 control towers for runways, and a palace Affiliated with the state, power plants, water and waste treatment facilities.
Yavuz Selim Bridge
It is the third bridge on the Bosphorus strait after the Bosphorus and Sultan Mehmed Al Fateh bridges. It extends over an area of 1.4 km and is one of the longest suspension bridges in the world.
The Turkish government is also planning to build the 3.6 km long Canakkale 1915 bridge, spanning the Dardanelles Strait, which will be the longest suspension bridge in the world when completed. The construction of the bridge will cost 10.5 billion USD, and the deadline to complete construction of the bridge in 2023.
This project was opened in 2018 and is a project to transfer natural gas to Anatolia from Azerbaijan to Turkey and one of the most important energy projects for the country
After the construction of the pipeline started, Turkey began laying optical fiber cables along the gas pipeline, which corresponds to the country's vision of 2023. The country is expected to cover the fiber-optic network while celebrating the centenary of the republic.
Projects are still under construction
Three-story Istanbul Tunnel Project:
The objective of this tunnel is to connect Asia and Europe. It is a three-story tunnel with a length of 31 kilometers, located at a depth of 110 meters below sea level. It consists of a metro line and other car lanes, and aims to reduce traffic congestion in Istanbul.
Its construction started in 2017, it is located just 6.5 km below the sea, and the cost of building it is estimated at about 3.5 billion dollars.
The second Istanbul channel:
This dream project was announced in April of 2011, when Turkish President Erdogan, then Prime Minister then, confirmed during his election campaign his intention to open an industrial channel linking the Black Sea and the Marmara Sea called the Istanbul Canal.
According to the information, the cost of building the Istanbul Canal is estimated at 60 billion Turkish liras (equivalent to approximately 16 billion dollars). They range in length from 45 to 50 kilometers, with a depth of 25 meters, and a width of 400 meters.
It is expected that the capacity of this artificial waterway will be 160 ships per day, which will extend through the provinces of Kucukcekmece and Arnaut Koy, which will turn Istanbul European to become an island.
What is meant by this Canal is to be the alternative corridor for the Bosphorus Strait, which is witnessing great congestion with the passage of domestic and international ships, especially those ships loaded with petroleum materials that negatively affect the marine wealth and the environment surrounding it, which will be closed entirely to those oil tankers when the opening of the new IstanbulCanal.
The construction of the canal project is expected to be completed and inaugurated on the occasion of the centenary of the establishment of the Turkish Republic, i.e. in the year 2023.
Besides the Istanbul Canal project, Turkish engineers plan to build artificial islands at the entrance and exit of the canal, which is the first in Turkey's history. It is expected that the erosion of these islands is the construction of recreation centers and recreational places, and other projects such as luxury apartments and restaurants on the banks of the canal. Also, the islands will be serviced in terms of cruises and boats, so that these islands are easily accessible and return to the city center.
It is, of course, a step to encourage tourism in Turkey and attract more foreign investment.