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Erdogan | Istanbul Canal Project Cannot be Postponed

President of the Republic of Turkey Recep Tayyip Erdogan stated that the Istanbul Canal project is a project that cannot be relinquished and underestimated, stressing that the project is of great importance for Istanbul and Turkey.

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2019-12-13 Last update 2020-02-13

Erdogan | Istanbul Canal Project Cannot be Postponed

In a festive ceremony aimed at introducing the 100-unit housing project for the low-income people that took place in the Turkish presidential compound in the capital, Ankara, the President of the Republic of Turkey Recep Tayyip Erdogan stated that the Istanbul Canal project is a project that cannot be relinquished and underestimated, stressing that the project is of great importance for Istanbul and Turkey.

The new Istanbul Canal project cannot be relinquished and underestimated

In the statement of the President Erdogan, he said: «Those who opposed the project on the pretext that it is inappropriate, will know its importance when it is completed, we have studied the project in a very detailed and accurate way, we have commissioned universities and research teams to study it to the smallest details, and we will have a tender for the project and we will start it as soon as possible».

Stressing the importance of the new Istanbul Canal project, Erdogan added: «Do you know what the Istanbul Canal Project is? It is a project aims to save the Bosphorus Strait from catastrophic problems staring at it, for I remember that about 7 ships burned there, and, no doubt, you remember the ships which used to hit the mainland from time to time because of the transit crises in the strait, but when we complete the new Canal the importance of the project will not be limited to only preserving the environment; it will also have results of great political aspects, which we will mention when the time comes.

This project will be a great success for us worldwide, and for all of this, we cannot postpone a project of such strategic importance».

 Istanbul Canal

 

The most important sectors benefiting from the water Canal Project

Many sectors are counting on the benefit of the New Istanbul Canal project, which the President Erdogan mentioned during his speech.

Perhaps the real estate sector is one of the most prominent sectors benefiting from the Second Istanbul Canal Project, where it is expected that the areas surrounding the Canal will have a significant increase in their prices, which we have mentioned in Imtilak Real Estate in more than one article and news previously.

For example, read our article: The New Istanbul Water Canal: A Pioneering Project and Wonderful Opportunities

Read also: The Countdown to the Istanbul Canal Project Tender Begins

It is also expected that both banks of the Canal will turn into a new Bosphorus region, in terms of the rapid increase in its real estate value, and it would be wise for new investors to think about the vicinity of the new Istanbul Water Canal as a strategic goal for their real estate investments in the European Istanbul.

Edited by: Imtilak Real Estate ©

Sources: Anadolu Agency + Emlakta Son Dakika

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