Istanbul Canal
Istanbul Canal, a start of new dream

“Istanbul Canal is a project that will increase the strategic importance of Istanbul”.

With these words, Turkish President Recep Tayyip Erdogan began his speech, on the 26th of June, at the ground-breaking ceremony of “Sazlıdere Bridge” in front of a group of attendees, including the Minister of Transport and Industry and leaders of the Justice and Development Party..

This project is one of the many Turkish dreams that are starting to take place. After the dream of producing a domestically electric car and Taksim Mosque, Istanbul Canal will be a new dream that has begun to come true.

The Turkish president described this channel as “a source of pride for the Turkish people. The world will envy the Turks over this new achievement “.

To reassure some concerned about the consequences of this project on Istanbul’s environment; the president stressed in his speech that “the Istanbul Canal project is one of the most environmentally friendly projects in Türkiye and the world”. No need to worry. As Türkiye has developed a special plan for this project in cooperation with several Turkish and international experts to be environmentally friendly and at a low financial cost; estimated at $15 billion; and will take six years to complete.

On the contrary, this canal came to protect Istanbul. The President emphasized: “Every big ship passing through the Bosphorus poses potential grave dangers to Istanbul. Therefore, we see that this canal project is a project to save Istanbul’s future.”

Describing it as the “project of the era”; Istanbul Canal aims first and foremost to strengthen Turkey’s infrastructure, and also, to improve its land and sea routes. It is known that the Bosphorus has become very crowded, which sometimes makes ships wait several days before crossing it. It is difficult for large marine vehicles to cross it. While the new canal will be 275 meters wide and 21 meters deep, it will be 30 times safer than the Bosphorus, according to Mr. Erdogan.

How many bridges will be built on the Istanbul Canal?

Istanbul-Canal-bridges

Six bridges will be erected along the canal; and the Sazlıdere Bridge, the theme of the ceremony, is located 6 km north of Küçükçekmece Lake. It will be 860 meters long and 46 meters wide.

As for the urban projects that will be built on both sides of the canal, two coastal cities will be built on the right and left sides of this artificial water artery to increase the charm and beauty of this city.

This will cause a new revolution in its real estate market, and this will serve foreign investors wishing to obtain Turkish citizenship through real estate investment, to have the opportunity to enjoy views as beautiful as the Bosphorus views at a more suitable price. It will also play an important role in the field of tourism. In conclusion, despite the the conflict of opinions; Istanbul Canal will undoubtedly increase Türkiye’s economic and strategic strength; and will enhance Türkiye’s being a difficult player in the region and among neighbouring countries.

April 1st, 2020, A New Start for The Future of Iraqi Investors

April 1st, 2020, A New Start for The Future of Iraqi Investors

After having banned citizens of some countries from applying for its citizenship, who are Iraq, Afghanistan, Yemen, Sudan, Iran and North Korea, The state of Antigua & Barbuda gives Iraq an auspicious exception that would open the door to the second citizenship for Iraqis citizens on the 1st of April 2020, while the rest of the countries bans were conditionally cancelled.

Türkiye’s Transition to The Electronic System E-Devlet

Türkiye’s Transition to The Electronic System E-Devlet

Türkiye’s transition to the Electronic system:
Day-after-day e-government services in Türkiye contribute to facilitating the daily lives and transactions of citizens and residents by saving time and efforts. These services vary between municipal services, ministries services, issues related to judicial cases, registration procedures for exams and universities, health and social insurance procedures. Besides, patients can obtain appointments at hospitals through the Internet, in addition to the possibility of applying for unemployment aids and applying for a passport.

Turkish Economy Exceeded Expectations

Turkish Economy Exceeded Expectations

The Turkish economy delivered a performance that exceeded expectations last year and is forecast to post significant growth this year.

According to the Investment Office of the Presidency of the Turkish Republic, Türkiye has jumped up 10 places and ranked 33rd in the World Bank’s Doing Business 2020 report. It ranked 69th in 2017, 60th in 2018, and 43rd in the 2019 editions of this report.