The opening ceremony of the Istanbul Financial Center was held in Istanbul with the participation of the President.

President Recep Tayyip Erdoğan, at the Istanbul Financial Center Opening Ceremony, said, "Istanbul Financial Center will contribute to our country's economy as domestic and foreign financial institutions start to operate in the region."

In his speech, underlining that the center of gravity of global finance is shifting more and more from the west to the east, Erdoğan said, “In this context, the increasing commercial competition between Asia and Europe and the geopolitical position of our country open new windows of opportunity for Istanbul. We have taken our targets one step further with the 'Turkish Economy Model', which is based on growth through export and current surplus."

Regarding the Istanbul Financial Center, President Erdoğan said, "This center will create a new financial ecosystem in Istanbul, the meeting point of three continents."

"Istanbul Financial Center will contribute to our country's economy as domestic and foreign financial institutions start to operate in the region." President Erdoğan said, "The real value of this center, how many strategic and visionary projects it is, will be understood much better in the coming years."

Minister Nebati: “IFC will also have a share in the reduction of financing costs”

Speaking at the opening ceremony, Minister of Treasury and Finance Nureddin Nebati said:

"Istanbul Financial Center will accelerate the development and deepening of our financial markets as a global sectoral interaction and innovation center as well as being a campus with unique features for financial institutions. This strong ecosystem will also have a share in attracting new investors to our country and reducing financing costs."

Pointing out that IFC will constitute an important platform for financial institutions to make breakthroughs in areas such as digital financial services and sustainable finance, Nebati said, "It will also be an important source of synergy in terms of bringing international sustainable funds to our country and providing green financing to our real sector. Istanbul Financial Center" Another important contribution of the company is that it will enable our Istanbul to become a global center in the fields of participation finance and Islamic banking."