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City
Profile
The
city of Istanbul is located in the most
populous area of the country and the area
with the highest rate of population growth.
This region, named Marmara, accounts for
about one-third of GDP. In 2004 the
Greater City Municipality of Istanbul had
a reported consolidated budget of about
US$5bn.
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Country
Rankings
Turkey
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| Ease
of Doing Business World Bank '05 |
93
of 155
|
Med*
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Corruption
Perception
Transparency International '05 |
65
of 159
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Med
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Growth
Competitiveness
World Economic Forum '05 |
66
of 117
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Med
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| National
Literacy |
86.5%
|
Med
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GDP
Growth
(2004 est.) |
8.2%
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High
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This
major port city is also home to the Istanbul Stock
Exchange (ISE) which posted an over 30% gain last
year. According to the Economist Intelligence
Unit, the ISE has proved popular among companies
and savers and has at times attracted significant
foreign investment.
Istanbul
is home to the traditional textiles industry and
is also home to the Black Sea Economic Co-operation
(BSEC) which began operating in 1999. The
organization comprises the heads of state and
government of the member states (Albania, Armenia,
Azerbaijan, Bulgaria, Georgia, Greece, Moldova,
Romania, Russia, Turkey and Ukraine). The BSEC
was formed with the goal of extending economic
co-operation by facilitating contacts between
businesses and eliminating barriers to trade.
In
Oct 2005, the Istanbul Municipality and Dubai
International Properties signed agreements for
US$5 billion investments into greater Istanbul.
The investments would concentrate in the fields
of tourism, transport and energy. The Milliyet
newspaper reported that Dubai International Properties
would play a part in the construction and operation
of projects developed by the city of Istanbul,
Turkey's biggest with a population of about 12
million and a booming real-estate sector.
The projects include the construction of hotels,
business towers, commercial centers, shopping
malls and residential and recreational complexes
on the European and Asian sides of the city, Milliyet
said.
The
Istanbul Metropolitan Municipality has also prepared
the investment program 2005. The total number
of projects is over 1200. These have been
selected in the infrastructure, service, and transportation
sectors, among others with great attention out
of proposals much more then the number to be fixed.
Source:
Population:
2004 or latest: http://www.citypopulation.de;
GDP Data: 2004 CIA Fact Book estimate; Literacy:
UN estimate
*
Country Ranking Codes: A relative color coding
of where the country falls compared to the 20
other Muslim countries represented in this list.
Hgh/Green=Top 3rd; Med/Yellow=Mid 3rd; Low/Orange=Bottom
rd
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