Turkey to speed up Istanbul Finance Center project
Turkiye Wealth Fund will back the acceleration of The Istanbul Finance Center (IFC) project, general manager of the fund said on August 27. “We aim to complete the project in 2021-end or at the beginning of 2022,” Zafer Sonmez told Anadolu Agency. The fund will be the initial financial investor in IFC’s structure, he said. “We envision not only finance companies but also firms run totally overseas,” Sonmez added. Established in 2016, Turkiye Wealth Fund holds total or partial shares of several Turkish companies such as national flag carrier Turkish Airlines, telecommunications giant Turk Telekom, private lenders Ziraat and Halk banks, as well as Turkish Petroleum and Borsa Istanbul.