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FOCUS ON TURKEY MIPIM Palais des Festivals, Cannes, France METROPOLITAN MUNICIPALITY FOCUS ON TURKEY MIPIM Palais des Festivals, Cannes, France Turkey’s mega projects to whet your appetite! CONTENTS 8 Turkey Programme of Conferences 10 Floorplans 12 “Turkey, an Attractve Investment Destnaton” Invest n Turkey Report 22 • Wth ts mega projects Antalya s set to establsh tself as a global center of attracton • Many more reasons to nvest n İstanbul • Beyoğlu welcomes nternatonal nvestors wth 5 major projects to buld ts future 58 Index FOCUS ON TURKEY MIPIM Palais des Festivals, Cannes, France 4 FOCUS ON TURKEY MIPIM Palais des Festivals, Cannes, France 5 FOCUS ON TURKEY MIPIM Palais des Festivals, Cannes, France MEHMET ÖZHASEKİ Minister of Environment and Urbanisation of the Republic of Turkey 2017 wll be the year of nvestment for Turkey. The natonal budget s an embodment of our commtment n makng ths the year of nvestment for our country. One of the man factors that ensured AKP government’s sustaned economc success over the years has been ts focus on fscal dscplne. We upheld ths as a prorty and dd not compromse for any reason. In terms of monetary polcy, we based decson makng on prce stablty and fought the nfl aton war wth a hgh level of determnaton. Ths s how we managed to attan sngle dgt fgures n nfl aton after 36 years. The man pllars of 2017 budget are targets pertanng to growth, employment and nvestment wth an eye on macro economc stablty – an approach whch has already ensured a postve ndcaton as to how the rest of the year wll shape up. Agan, as the Budget mples, there wll hgher publc spendng ths year where we wll see partcular ncentves ntroduced for agrculture, manufacturng, exports and regonal growth. In short, 2017 wll be the year of nvestment. To gve an example, we am to ncrease our nvestments three tmes as much of the annual nfl aton rate. Therefore, nvestment level wll be hgher, ensurng a breath of fresh ar for the Turksh economy. As one mght recall, the world wtnessed a global economc crss n 2008, the aftershocks of whch are stll felt n many ways. Weakenng of global trade, the unexpected decson of Brtan to leave the EU, declne n captal fl ows and surge n global debt rates created pressure on natonal economes, accordngly hamperng ther GDP growth. Whle many economes su ered deeply wth growth rates declnng by an average 2.1 %, Turkey managed to over perform despte many unfortunate events. Ths has made Turkey a safe haven n the eyes of nternatonal nvestors. We have created jobs for more than 7 mln people n the last 9 years. Turkey s now the second hghest job-creatng economy among OECD countres. 2017 wll be a postve year for employment thanks to hgher nvestment through drect publc spendng as well as planned ncentves. As a result of the above, Turkey contnues to enjoy a strong stablty. Developed countres derve strength from and rely on havng strong governments. Snce 2002, Turkey provded great returns for all who nvested n ts economy. The geographcal postonng of Turkey, ts qualfed workforce and strong government that supports the busness world are great ponts of reference for nvestors. 6 FOCUS ON TURKEY MIPIM Palais des Festivals, Cannes, France TURKEY PROGRAMME @MIPIM 2017 14 MARCH, TUESDAY 10.00 Turkey O cal Inauguraton @İstanbul Tent – C14 10.15 İstanbul Chamber of Commerce (ICOC) Press Conference @İstanbul Tent – C14 14.00 – 15.00 Why s Turkey a hot spot for nvestors? @Ruby Room (Palas 5) After a keynote address by Mehmet Özhasek, Mnster of Envronment and Urbansaton of the Republc of Turkey, on the consderable economc growth over the past decade, the panel detals the man drvng forces and the postve e ect of these. Dscover what are the urban mega projects revvng the real estate market n Turkey! Opening Speech MEHMET ÖZHASEKİ Minister of Environment and Urbanisation of the Republic of Turkey Co-organiser ARDA ERMUT President, Investment Support and Promotion Agency of Turkey (ISPAT) Moderator Co-organiser AVİ ALKAŞ CANSEL TURGUT YAZICI ŞENAY AZAK-MATT Country Chairman, Board Member General Manager Turkey, JLL Turkey GYODER Aareal Bank Group 17.45 – 18.30 EMEA: What are the mega projects n key ctes and how do they mpact cty development? @Market Trends Room (Palas 3) Speakers: Alberto Mna, Internatonal Relatons Department, Arexpo spa Alexandra Notay, Drector of Product and Servce Innovaton, Places for People Group Ayhan Ökmen, İstanbul Arport Cty Manager, İGA - İstanbul Grand Arport 8 FOCUS ON TURKEY MIPIM Palais des Festivals, Cannes, France 15 MARCH, WEDNESDAY 10:00 -10:45 Tabanlıoğlu Talks on “Archtecture from Turkey on the World Map.” @İstanbul Tent – C14 12.00 – 14.00 Esas Propertes Lunch @InterContnental Carlton Cannes Hotel – Terrace by nvtaton only 14.00 MIPIM 2017 – ICOC Cocktal & Networkng Event @İstanbul Tent – C14 15.00 – 16.00 Bandırma Park Competton @Salon Crosette (Palas 1) 18.00 - 21.30 TSKB Real Estate Apprasal Company Dnner @Grand Hyatt Cannes Hotel Martnez - Galuchat Ballroom by nvtaton only 16 MARCH, THURSDAY 08.00 – 10.30 İstanbul Arport Cty Breakfast @Hotel Barrère Le Majestc Cannes – Salon Dane by nvtaton only 18.30 MIPIM Awards Prze-Gvng Ceremony followed by Awards Cocktal @Grand Audtorum (Palas 1) Fnalst from Turkey Best Refurbshed Buldng Beyazıt State Lbrary, İstanbul, Turkey Developer: Republc of Turkey, Mnstry of Culture and Toursm / Aydın Doğan Foundaton Archtect: Tabanlıoğlu Archtects 9 FOCUS ON TURKEY MIPIM Palais des Festivals, Cannes, France GENERAL PLAN GENERAL PLAN MOSCOW PARIS REGION C14 İSTANBUL CHAMBER OF COMMERCE (ICOC) C14 C19.A TURKISHCERAMICS R9 LONDON TURKISHCERAMICS SEAVIEW VILLAGE MANCHESTER C19.A DEPARTMENT OF INTERNATIONAL MIDLANS UK TRADE, UK DUBAI HOLDING REGISTRATION PALAISPALAIS -1 -1 P-1.M8, P-1.N7 P-1.K51 SABRI PASAYIGIT TABANLIOĞLU ARCHITECTS ARCHITECTS P-1.J10 KOCAELİ METROPOLITAN MUNICIPALITY P-1.M8/N7 P-1.K72 P-1.K72 P-1.H28 PROPLAN PROJECT MANAGEMENT HATAY AND CONSULTANCY METROPOLITAN MUNICIPALITY P-1.H28 P-1.J10 P-1.G64 GAD ARCHITECTURE P-1.H16 P-1.K51 P-1.J15 P-1.E23 AVCI ARCHITECTS P-1.G64 P-1.G61 EFEKTA P-1.G61 P-1.F68 ARCHITECTS P-1.G51 P-1.E23 P-1.B75 P-1.F68 P-1.A78 BOYTORUN P-1.A85 ARCHITECTS P-1.A81 P-1.H16, P-1.J15 P-1.A79 P-1.A77 ISTANBUL P-1.B61 P-1.A75 P-1.A73 MINERAL P-1.A71 P-1.B51 P-1.A60 P-1.A69 P-1.A56 P-1.G51 EXPORTERS’ P-1.A54 P-1.A52 ASSOCIATION P-1.A50 BALIKESİR METROPOLITAN P-1.A55 MUNICIPALITY 10 FOCUS ON TURKEY MIPIM Palais des Festivals, Cannes, France RIVIERARIVIERA 7 7 R7.G15 R7.G26 R7.G15 ESAS PROPERTIES R7.E68 R7 E68 LAL REAL ESTATE R7.B19 APPRAISAL INC. ÇELEN GROUP R7.B19 R7.A18 R7.D13 TSKB REAL ESTATE APPRAISAL COMPANY R7.A18 R7.D17 R7 R7.C24 D13 R7.A4 R7.A4 İSTANBUL AIRPORT CITY R7.C24 BEYOĞLU INVESTORS GROUP RIVIERA 8 RIVIERA 8 R8.D24 ANTALYA METROPOLITAN MUNICIPALITY R8 D24 11 FOCUS ON TURKEY MIPIM Palais des Festivals, Cannes, France TURKEY, AN ATTRACTIVE INVESTMENT DESTINATION 12 urkey has gone through a profound in the world, but with its economic growth, transformation over the past sound policy framework, sizeable domestic fourteen years. While creating an market, and competitive labor costs, Turkey investor-friendly environment has ambitions to become one of the top 10 Tthrough reforms and new legislations, the economies in the world by 2023. The dynamics country has also been pro-actively supporting of the Turkish economy are aligned towards investors through eicient and efective this goal thanks to the top-down approach institutions. The irst and foremost of these implemented by Turkish President Recep institutions is the Investment Support and Tayyip Erdoğan. Promotion Agency of Turkey (ISPAT) which was established in 2006 under the auspices of President Recep Tayyip Erdoğan, when he was Prime Minister. Since its foundation, ISPAT has been providing assistance to foreign investors, before, during and after their entry into Turkey. Turkey is currently the 17th largest economy 17TH LARGEST ECONOMY IN THE WORLD 13 FOCUS ON TURKEY MIPIM Palais des Festivals, Cannes, France Under the leadership of President Erdoğan, eight decades before 2003. Similarly, the the Turkish economy has posted an annual number of foreign companies investing in average real GDP growth rate of 5.9 percent Turkeys has exceeded ifty-two, up from during the 2002-2015 period, and GDP per around six thousand in 2003. capita has more than tripled during that period. With modern management practices, Reforms and Incentives in a young and qualiied work force, a stable 2016 and early 2017 economy, a reformist investment climate, Turkey for many years now has been developed infrastructure, a central location introducing and implementing reforms with easy access to 1.6 billion customers within a four-hour flight radius, low taxes, generous incentives, and a sizeable domestic market, Turkey welcomes all companies to come and explore its opportunities. Source: UNCTAD & CBRT and incentives to improve the country’s investment and business climate as well as to make Turkey one of the most attractive investment destinations in the world. In February 2016, an R&D Reform was implemented that included tax discounts Source: OECD Economic Outlook No. 97 (Edition 2015/1) for companies engaged in R&D, equal treatment of design centers and R&D centers Attracting foreign direct investment is a regarding incentives, and the establishment top priority for Turkey, as it is considered a of Technology Development Zones (TDZ) main component of economic development.