Türkiye’s landmark project of the Istanbul Finance Center is projected to spike Türkiye's financial services exports by 3 times by 2036.

Speaking at the inauguration ceremony, Treasury and Finance Minister Nurettin Nebati said: “The IFC is expected to spike Türkiye’s financial services exports by three times by 2036, and its contributions to the country’s gross domestic product may reach $130 billion within 15 years”.

According to Anadolu Agency, the IFC will generate 102,000 qualified new jobs over 15 years, he added.

A wide range of institutions, from banks to insurance companies, will unite in a single location under the IFC.

The state-of-the-art center boasts 1.4 million square meters (15 million feet) of office space, a 100,000-square-meter (nearly 1.1 million-square-foot) shopping center, a conference and performance center for 2,100 people, a five-star hotel spanning 30,000 square meters (nearly 323,000 square feet), and a parking lot with a capacity of 26,000 vehicles.

The IFC aims to host nearly 100,000 employees and visitors daily and its campus will feature a 1.2-kilometer (0.75-mile) social paraphernalia area along its middle axis.