Construction of Finance Technopark to begin this year


Borsa Istanbul (BIST) Chairman Himmet Karadağ provided updates on the latest development in the Finance Technopark project, which will come into action in cooperation with Boğaziçi University, within the framework of the Istanbul International Finance Center's (IIFC) construction.

"We are expanding the project's reach with the participation of Boğaziçi University, Istanbul Technical University (ITÜ) and Istanbul Commerce University. At the moment, a study is ongoing about the partnership structure among the universities. Once it is done, we will continue ahead with the project," said Karadağ.

"If they finish it this week or next week, we will sit down and figure out how to proceed with the new partnership. We want to start construction this year," Karadağ added.

The Ministry of Science, Industry and Technology has approved Borsa Istanbul and Boğaziçi University's joint application to establish a Technopark to host firms that develop financial software, systems and products within the context of IIFC, which is set to become one of the world's top 10 financial centers.

The Finance Technopark Technology Development Zone will be established to help Turkey's financial sector gain a more competitive edge and boost its share in global markets.

Moreover, the finance-themed project will not only be a first in Turkey, but also serve as a new model in the international arena, showing that effective technology development is possible through collaboration between a university and a stock exchange.