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.
Turkey detains Gulen's nephew after attempted coup, refresh for updates
The detention period to not exceed 30 days during state of emergency, official gazette reveals
EU has consistently criticized Turkey since the coup bid but Turkish President Recep Tayyip Erdogan has hit back saying that the EU was prejudiced and their statements contradictory
Istanbul judge Irfan Karagoz was remanded in custody on Friday
Rifles, grenades found by gendarmes near Marmaris hotel
Articles in Western media mischaracterize the state of emergency, ignore FETO's threat to democracy
Erdogan visits parliament for first time since failed overthrow
73 suspects have alleged links to Fetullah Gulen Extremist Organization
Since the power cut, US forces at Incirlik used back-up generators so they could continue aerial strikes against ISIL targets in neighboring Syria.
21-year-old Omer Halid Dervise remains in a coma after being shot from behind during July 15 coup attempt
With Turkish flags in hand, tens of thousands gather at night on Istanbul's Bosphorus bridge, the symbol of the fight against coup attempt, where tanks opened fire on civilians on July 15
For first time since July 15 failed putsch, Turkish president will inspect parts of parliament hit by bombs and gunfire
Normalization process between Russia, Turkey continues despite military coup attempt: Russian Embassy in Ankara
More than 20 wounded in Manisa, when train crashes into minibus carrying farm workers in the early morning
Turkish Deputy PM Kurtulmus says state of emergency is declared to more effectively put coup supporters to justice
Former economy star Ali Babacan says ratings agencies should talk to Turkish officials, public first