Opérations
Middle East and Africa
Turquie

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Destination Istanbul: major works on the Bosphorus

8 min reading time

Published on 12/06/07 - Updated on 17/03/22

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The Golden Horn is setting the stage for times of plenty. Hotel groups are hurrying to the crossroads between Europe and Asia. Encouraged by Turkey’s economic development and the appeal of its millennial cultural heritage, Istanbul is seeing significant growth for its tourism. The conversion of historic palaces encourages the development of luxurious boutique hotels, the sign of the rise of a trendy destination.

The off-center hub of a Turkey in full expansion, Istanbul is like its country: in the forefront. This growing role is first and foremost thanks to steady/strong economic development. Surpassing the government’s expectations, growth of the GNP rose to 6% for the year 2006. The financial crisis of...

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