On the economic sector, Turkey is developing. In recent years it has become a center of attraction for foreign investors who are interested in real estate investment and buying apartments in Istanbul.
Istanbul has always been the first destination as the economic capital of Turkey in addition to the giant projects that are being built in it.
Where the Turkish government is concerned with the establishment of large infrastructure projects in Istanbul, the last of the largest airport in the world Istanbul third airport.
And among the projects planned for the implementation of the Istanbul Canal project.
It is an industrial canal linking the Sea of Marmara to the Black Sea in the European part of Istanbul with a length ranging from 45 to 50 km and a width of 150 meters and a depth of 25 meters. The budget for the project is $ 15 billion.
The Turkish government aims, through the establishment of the Istanbul Canal, to reduce the movement of ships across the Bosporus Strait, and seeks to mitigate the damage caused by oil tankers, as about 56,000 ships pass through the Bosporus annually, including 10,000 tankers carrying 145 million tons of crude oil.
Exploration work on the project started in 2017 and ended with the beginning of 2018. The Ministry of Transport and Maritime Navigation also cooperated with a large number of institutions, including the Ministries of Environment, Forestry, Water, Food, Agriculture, Livestock, Energy and Human Resources.
In addition to the Istanbul Municipality and the Department of collective housing "Toki" of the Turkish Prime Minister.
During the designation of the canal route, the Ministry of Transport also hired a large number of Turkish and international experts.
The Ministry of Transport has drawn up a preliminary plan for the project. The soils that were produced from digging the canal is to be used to construct industrial islands in the Marmara Sea and fill the coal mine.
It was found during the preparation of the preliminary scheme of the project that the channel will not suffer any adverse effects due to the possibility of seismic tsunami
In the preparation of the chart, the statistics of wind blowing for the next 25 years were taken into consideration. Storms and deep waves in the Black Sea and Marmara were studied.
The new Istanbul Canal project will play an important role in Turkey's economic future
And is going to be the project of the times at the Turkish and international level
It is also a qualitative leap in the history of Istanbul, as it affects the high prices of land and properties in the city in general and the prices of properties in the areas surrounding the canal project. It is noteworthy that many foreign investors looking for apartments for sale in Istanbul are going to buy properties in the areas surrounding the canal to take advantage of the high prices after the completion of the project.