The construction of the Istanbul International Financial Center has begun and the complex aims to be one of the pylons which will push the economy of Turkey into the top 10 of the world until the year 2023.
The building covers a 170 acre site and is on the Asian side of the city. Designed by the practice of HOK, the building will house the country’s head financial offices and governing bodies, either state owned or private banks or other financial advisor businesses. The building will be divided into office, residential, retail, conference, hotel and park space all of which will cover around 45 million square feet.
The plan is to create four buildings each with its own purpose so that one will cover culture, one commerce, another one the civic functions and the last one will host the governance and the infrastructure will also receive improvements such as a transportation system with a new subway line as well as sustainable power, water, data and security.
The construction was begun with the site excavation by the Akdeniz Group and the Istanbul International Financial Center is planned to be completed at the end of 2016.