The developed infrastructure is one of the reasons for the success of real estate investment in Turk

Updated: Aug 17

The developed infrastructure is one of the reasons for the success of real estate investment in Turkey

Turkey in general and Istanbul in particular, in addition to being a destination for tourists from everywhere, has also become a destination for foreign investors in general and Arabs in particular,

The real estate market in Turkey in general, and Istanbul in particular in the recent period have witnessed a remarkable flourish and development, and this has led to the emergence of many types of real estate in different shapes and sizes .

This is due to the urban renaissance that witnessed by Turkey and the high percentage of real estate ownership in addition to the facilities which the Turkish state provided it to investors on its lands, by reducing taxes and granting Turkish citizenship to investors.

All of this factors was attract investors from all over the world, in addition to guaranteed investment returns and a strong economy that encouraged them to take a step and invest in Turkey.

there are many factors in Turkey that lead to the success of real estate investment in Turkey, including ,The strong Turkish economy, which witnessed a remarkable recovery along with stability ,

the investment environment that the Turkish state provides to all investors through the laws it has put and the facilities that it provided to investors

Also, Turkey's strategic location, which made it an economic passage to all the world, contributed to the success of investments on its lands in addition to the advanced infrastructure in Turkey, which we will talk about it in our article today, how the developed infrastructure plays an important role in the success of real estate investments.

Advanced infrastructure projects in Turkey

The advanced infrastructure in Turkey encouraged real estate investment and contributed to the success of real estate investments on Turkish lands, the Turkish state allocated its largest budgets for the development of infrastructure whose budget allocated to it amounted to about 350 billion US dollars In order to develop the infrastructure in several areas, where transportation means such as ,road networks, trains, railways, bridges and tunnels in addition to airports and public transport sector facilities have witnessed the most attention, whose budgets amounted to about $ 130 billion.

the most important infrastructure projects:

In the field of transportation

The third Istanbul Airport project, which is one of the largest airports in the world and one of the largest projects for infrastructure development in Turkey, with a budget of about 11 billion US dollars. The airport is far from the center of Istanbul 30 km

The airport consists of an internal area of about 3400 square kilometers consisting of 120 units, and airport runway with an area of 7500 square kilometers, which can accommodate more than 300 aircraft with an annual capacity of more than 200 million passengers, departure points for more than 150 destinations in more than 100 countries around the world . The airport, which was opened by Turkish President Recep Tayyip Erdogan in November 2018.

the new Istanbul airport with its strategically located, connects the countries of the world from north to south and from east to west.

The Istanbul Water Canal project, which is one of the giant projects in which all of the Black Sea will be linked to the Sea of Marmara to the Mediterranean Sea, and its budget has reached about 10 billion US dollars, this project will strengthens Turkey's position in the field of water crossings,

project of the era, as it was called by the Turks, the Turkish state aims through its establishment to reduce the movement of ships in the Bosphorus strait in addition to reducing the damage caused by ships transporting dangerous materials. It is planned that the canal will expand to 150 ships a daily , and the General Directorate of Roads will construct bridges and a port for emergency cases .

The project was launched during 2019 and the project is scheduled to be completed in 2023.

In the field of energy

The Turkish government has paid attention to energy fields and its sources, where it has did many of energy projects, such as setting up a solar energy station , wind energy, and nuclear energy .

The Turkish government also began implementing the renewable energy resources area model in 2016 in order to start implementing a large number of renewable energy projects through the exploitation of locally manufactured components in renewable energy plants.

In 2017, Turkey witnessed the establishment of the largest energy auction in its history, and in the same year saw a similar tender for the construction of wind power plants with a production capacity of 1 GW, which fulfills the local requirements for manufacturing, research and development.

The conservation of the environment through the use of renewable energy sources is accompanied by a number of procedures and systems that will be implemented soon, as these regulations reduce carbon emissions, increase the efficiency of energy generation / transfer of energy and encourage the use of waste management techniques.

All these factors had a great impact on the energy sector in Turkey, which turned it into one of the most attractive investment destinations in the world, where the energy sector in Turkey became more dynamic and competitive, and attracts more investors.

The total required investment to fulfills the expected demand on energy in Turkey by 2023 is estimated at $ 110 billion, which means , more than twice the total amount invested during the past decade.

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