Economy
Istanbul's Transformation Journey: 1.27 Million Independent Units Undergoing Revolutionary Redevelopment
724FinanceHakan Çelik

Istanbul's urban transformation projects have been progressing rapidly since 2012. The number of independent units included in the transformation has reached 1.274 million, with 276 thousand currently undergoing active transformation work. This transformative initiative forms the foundation of Turkey's largest urbanization projects. The redevelopment focuses on reshaping the city center, modernizing infrastructure, and aligning with sustainable growth objectives. While the financial costs and timelines remain officially undisclosed, the transformation is expected to boost economic growth and expand employment opportunities. Istanbul's transformation could be a pivotal step in Turkey's quest for a stronger international position.