The Turkish government is working hard to develop the country's infrastructure.
So, whenever a project’s instruction is done the Turkish government begins to establish a new big infrastructural project.
Being the bridge between the East and the West, Turkey is an attracting point for foreign investment. And the infrastructure development projects are undoubtedly contributing to the growing number of foreign investment projects in the country.
The world's largest airport in Istanbul, Istanbul III Airport, was recently opened on 29 October 2019.
Airport location and construction:
On October 29, 2019 the third airport was established in Istanbul, and the largest airport in the world. The airport is located in Arnavutkoy, near Lake Terkus, on the European side of Istanbul.
The third airport is the Century Project. Because the project will secure entry into Turkey among the ten strongest economies in the world. The airport is expected to increase domestic income by 4.9%, in addition to $ 79 billion in additional benefits.
The most important characteristics of Istanbul's third airport:
The airport has an area of 765,900 hectares and can accommodate 150 million passengers annually.
And the airport contains 165 reception bridges to receive passengers and has a train line that can connect to all parts of the airport. In addition, the airport carries 6 runways for landing and take off, and can provide the parking of 500 aircraft at the same time. With 3 electronic communication towers, 8 watchtowers, and parking spaces with a capacity of 70 thousand cars.
Also, a bird-watching radar is available to ensure the safety and security of birds, making it the first airport to have a similar feature.
It is worth mentioning that the opening of this third Istanbul Airport will also increase properties prices in the area surrounding the airport and its vicinity, and increase interest in investment in it as well.
While the Istanbul real estate market is already witnessing a high demand from foreign investors to buy properties and apartments in Istanbul.
In general, this period is considered a golden period in Istanbul in the field of real estate and real estate investment in general, due to the huge projects adopted by the government, such as the airport and Istanbul Canal projects.