World Bulletin / News Desk
The first tender for the recreational areas of a much-anticipated TL 4.5 billion project that aims to make İstanbul an International Financial Center (IFC), which was set to take place on Aug. 8, has been delayed to Aug. 31.
The reason given for the delay is that there have been changes to the tender requirements. The Emlak Konut real estate partnership is responsible for the assignment of the tender, and experts predict the tender will be contracted at a price between $800 million and $1 billion.
According to the Ministry of Environment and Urban Planning, which is overseeing the project, it will be completed in three-and-a-half years and consist of a congress center, trade centers, hotel and health center as well as a center for cultural activities. Project plans indicate revenues made from the sale of properties in the first two years will be used towards infrastructure expenses.
Turkish Defense Minister Fikri Isik attends opening ceremony of International Defense Industry Fair in Baku
Mevlut Cavusoglu reminds US of pledge to push back armed wing of PYD/PKK to east of Euphrates
If the pro-FETÖ coup had succeeded in Turkey, the Formula One Circuit in Istanbul would have been used as a mass prison, according to new information acquired by intelligence units
Out of 87 National Intelligence Organization personnel dismissed, 52 to face criminal complaints
Antony Blinken pays tribute to 'those who stood up [for] Turkish democracy and stood against the coup'
Operation launched in 18 provinces to nab members of 'Kimse Yok Mu' relief organization
Just days after President Erdogan's meeting with Rothschild and Jewish leaders in New York, Moody's had downgraded Turkey's rating which has now bounced back
Ankara demands investigation on whereabouts of former prosecutors Zekeriya Oz and Celal Kara
Lindsay Lohan reportedly sobs as she greets paralyzed Syrian refugee in Istanbul
This is an important and positive development for Turkey, Numan Kurtulmus says
Foreign Minister Cavusoglu uses Miami Herald article to say Turkey expects 'full solidarity' from US
Military says airstrike took place in Hakkari province
Crown Prince Mohammed bin Naif will meet with President Recep Tayyip Erdogan and Prime Minister Binali Yildirim on Thursday for the first time since the attempted coup in Turkey in July.
Boris Johnson arrived for his first official visit to Turkey on Sunday