The foundations of the buildings that will be at the heart of the Istanbul Finance Center in Ataşehir will be laid down this week as one of the world's biggest centers for finance.

According to an article published by Akşam, foundations for the new buildings of the Capital Markets Board and the Banking Regulation and Supervision Agency will be laid down this week with a groundbreaking ceremony overseen by top government officials. Construction, which is slated for completion in three years, will usher in the construction of another new building for the Central Bank for the Republic of Turkey (CBRT), which is currently in the tender phase. The costs of the two buildings is projected to exceed TL 3 billion ($1 billion).

The Housing Development Administration of Turkey (TOKİ) finalized preparations for the event several months ago and the ceremony comes after postponement due to post-coup attempt developments that took precedent by President Recep Tayyip Erdoğan and Prime Minister Binali Yıldırım. The countdown for the foundation laying of the CBRT's new building at the Istanbul Finance Center began upon completion of the protocols and bidding on the project. The new CBRT building will feature offices, commercial areas and hotels.

Exclusive architectural styles are at the forefront of the Istanbul Finance Center where construction of Turkish banks including Ziraat Bank, Halkbank and Vakıfbank continue. Ottoman and Seljuk architecture will also be featured in the finance center's construction and the building is expected to host not only financial institutions but congress and cultural houses as well as mosques, health centers, a school and a daycare, turning the financial center into a city center where the heart of the economy beats.