Turkey has not recently been so developed and progressive, as it was mired in foreign debt and suffering from a suffocating financial crisis until the election of the Justice and Development Party (AKP) to take over the reins of power in 2002 and implement its renaissance plan to transform Turkey from a country mired in debt to one of the most powerful countries in the world.
What aspects of the renaissance included in the journey of development in Turkey?!
After 20 years of relentless government efforts, the Turkish economy has achieved increased and steady growth on an annual basis, where growth during the first quarter of the world 2022 was estimated at 7.3 % according to the Turkish Statistical Authority.
During the first three months of 2022, GDP increased by 7.3% compared to the same period in 2021.
The Authority pointed out that the estimate of GDP at current prices increased by 79.5% in the first quarter of 2022, compared to the same period of 2021, which amounted to two trillion, 496 billion and 328 million Turkish liras
Work is still underway to achieve the Turkish government’s vision for 2023-2053 to make Turkey one of the ten most powerful countries in the world.
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- Tourism Renaissance:
Turkey adds new tourism sites to its list of destinations on an annual basis and the aim is to achieve the Turkish government’s vision for 2023.
This vision is to attract 75 million tourists after the number of tourists in 2019 reached 51.7 million tourists, assisted by ancient historical areas and the beauty of nature, especially in places of association of the sea with land, and the development of hospital tourism where many tourists come to Turkey with the aim of obtaining health care and Turkey is one of the five most visited countries for the purpose of health tourism globally.
The Turkish Ministry of Culture and Tourism has also issued a new program that includes new regulations and strategies to increase visitor numbers and tourism revenues, with the aim of making tourism continuous throughout the year instead of being limited to seasons only.
It is worth mentioning that the income of the Turkish tourism sector in 2019 reached 34.5 billion US dollars.
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- industrial Renaissance:
The Turkish government defined that one of the most crucial factors in a nation’s economic development is the growth of its domestic industry, which reduces the need for imports while increasing exports. As a result, it has built a number of industrial cities, each of which specializes in a particular industry, such as:
- Home furnishings
- Textiles
- Food
- Chemicals
- Shipbuilding
- The military and defense industries
Over time, Turkey was able to reduce its imports, with Turkish Trade Minister Ruhsar Pekcan stating that Turkey’s imports for 2018 amounted to 223.1 billion US dollars while in 2019 they fell to 210.4 billion dollars.
Exports rose from $168.1 billion in 2018 to $180.5 billion in 2019, setting a record year-on-year rise.
The Turkish government also offers many incentives to encourage the export of Turkish products, which has led to an increase in the number of international shipping companies by land, sea and air across the country.
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- Health Renaissance:
The Turkish government has placed the health sector at the top of its priorities as it has increased the allocations of this sector from 18.7 billion Turkish liras in 2002 to 188.6 billion liras in 2020, thus raising the allocations of the health sector in the state budget from 11.3% to 17.2% in 2020.
The results of the government’s interest in the health sector appeared in light of the crisis of the outbreak of the Coronavirus where Turkish hospitals were able to absorb the numbers of infected without the need to switch to the war protocols applied by many European countries (meaning to provide youth care over the care of the elderly).
In the same context, the Turkish Minister of Health, Dr. Fahrettin Koca , stated that at the height of the crisis, the occupancy rate in hospitals or intensive care rooms did not exceed 70%, which is a unique phenomenon in the world.
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- Educational Renaissance:
Education in Turkey is compulsory from the age of six to the age of fourteen years.
The stages of the education system in Turkey are divided into:
- • Primary education
- • Secondary education (academic or vocational)
- • Higher education
Turkey pays great attention to higher education on its territory, where it includes more than 200 universities with a student population of more than 8 million students, and in 2019 82 Turkish universities entered the list of the best universities in the world.
Turkey also offers scholarships, financial aid and student exchange programs to attract the largest possible number of students from Arab, African and European countries, and Turkey has ranked 15th globally in terms of hosting international students for its incentives, and as a result of the relatively small cost compared to the countries of Europe.
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- Urban Renaissance:
Architecture in Turkey began to develop in the period of the Republic that was established in 1923.
Turkish architecture was influenced by the Ottoman architectural style, but in the period of the thirties and forties, Turkey began to invite foreign architects to carry the architectural style at the time of the European character.
But with the passage of time, specifically after the year 2000, and as a result of the spread of the Internet and the openness of countries to each other, Turkey no longer needs to attract foreign architects, and has become dependent in the design of cities and buildings on local designers, to begin the construction of high-rise buildings and tall towers, the latest of which was the “Çamılca” tower in Istanbul, which was inaugurated on May 29, 2021 in the presence of Turkish President Recep Tayyip Erdogan, and this tower is 369 meters long and high 587 meters above sea level.
Of course, residential buildings have their share in the urban renaissance, Turkish President Recep Tayyip Erdogan revealed in a speech delivered on Tuesday 13/9/2022 from inside the presidential complex in the capital Ankara about the project of building 500,000 houses, 250,000 reconstructionable land and 50,000 workplaces in all Turkish states during a period not exceeding 2028.
As for the movement of buying and selling real estate, the Turkish Statistical Authority revealed that the number of houses sold throughout Turkey during August 2022 reached 123,491 houses, an increase of 31.5% compared to sales last July of the same year.
The number of houses sold to foreigners during August 2022 reached 5,273 houses.
Istanbul topped the list of the Turkish states with the most selling houses with 18,485 homes.Today, the Turkish government is implementing the project of building the city of “Yenişehir” in the vicinity of the new Istanbul Canal, which will include strong infrastructure, land, sea and air transport, commercial centers and a conference hall, making it an exceptional city that competes with the most important cities in the world.
All these factors positively affect the real estate sector and make all Turkish lands attractive projects for investment especially istanbul canal lands، If you want to invest in Turkey and wherever you are around the world, Elhaj Group offers you a free consultation to help you reach your goal.
Source Anadolu Agency
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