World Bulletin / News Desk 

The 3rd Bosphorus Regional Cooperation Summit will host world leaders from 49 countries this year.

The summit will take place at the Ciragan Palace in Istanbul with attendance of government officials and businessmen from 49 countries spanning the Middle East, North Africa, and Gulf regions, Turkic republics and the Balkans.

Organized by the International Cooperation Platform (ICP) under the auspices of The President of the Republic of Turkey, the event will have "the potential of Eurasia in the restructuring of the global order" as a theme.

International Cooperation Platform High Advisory Board Deputy President and retired Ambassador Nuzhet Kandemir stated that the world became an ocean of uncertainties and added, "it is important to have skillful captains as well as strong boats that won't be overturned in big waves. Turkey should take the duty of game setter by making use of its historical and geostrategic bonds with neighboring countries."

The 3rd Bosphorus Regional Cooperation Summit will host important cooperations in its third year which includes the Russian Federation Northern Caucasus Region Social and Economic Development Project "ELBRUS."

International Cooperation Platform Executive Committee Member Fehmi Akın said that this project was worth 80 million dollars and stated that it was going to take place in a 140 kilometre area from the Caspian Sea to Black Sea in which winter sports complexes, hotels, airports and seaports would be built.