IZMİR

General Information

Located in the west of Turkey and on the Aegean shores, İzmir, the pearl of the Aegean, is the third largest city in Turkey. With its 8.500 year history, fertile land, favorable climate, 629 km coastline, 300 sunny days a year, a sea that offers every shade of blue and the heritage left behind by the 32 civilizations it has been a home to, İzmir is ready for you to discover.

 

İzmir owes its position as an economically and socially dynamic city to its location, climate and the fact that it has been a home to many different cultures and religions. Persians, Ancient Greeks, Assyrians, Romans, Byzantines and Ottomans are just a few of the dozens of different civilizations that the city has hosted throughout its long history.

The fact that almost half of its population of 4 million are under the age of 30, makes İzmir a city full of life. The city hosts tens of thousands of university students, educates scientists, artists, business leaders and academics.

 

With its perfect climate, İzmir has a wonderful natural environment for agricultural products such as olives, figs, grapes and cotton. Various sea food, wines, local herbs, olive oil and the delicious cuisine make İzmir an attractive city also for gourmets.

Health of İzmir

Health is described as “a human being without illness or disability and physically, spiritually and socially in a good shape”. It is a basic need and it is the source of the daily life, the importance of health is undisputable. Health is a sector that the dynamics change quickly and expand progressively.

The hospitals, special health centers, polyclinics and consulting rooms are businesses that present health service to the society and undertake great missions to create a healthy society. They are the reason of presence of the sector.

Health is very important in Izmir in terms of history. Bergama Asklepion was a health center equally important as Epidaurus and Kos in the old century. According to Pausanias, the first Asklepios temple was established in the first half of the 4th century B.C. The holy area of Asklepios, its yard with a showroom, its theatrical structure of 3500 people, and its cult room that belonged to Emperor Hadrianus, its library and the Asklepios Temple with a round plan was a pretty important health center in the Roman period.

Considering the health facilities in İzmir positive developments are observed in recent years. There are 56 hospitals as private, public and state owned and the designated bed capacity is 11421. Furthermore, there are 7 private oral and dental health centers, 123 private oral and dental health polyclinics, 827 dentist clinics, 44 special branch centers, 30 medical centers, 682 doctor clinics and 29 polyclinics providing services.

In the annual health statistics report of the Ministry of Health published in 2016;

There are 9.813 doctors in Izmir, 5.759 of them are specialist physicians, 2.224 are general practitioners and 1830 doctor assistants. Besides, 1.857 dentists, 1.895 pharmacists, 8.750 nurses, 2.787 midwives (wise women) and 7.454 medical personnel serve in the city.

By February 20018, 3 hospitals and 1 clinic laboratory, 4 medical institution in total have been accredited with Joint Commission International (JCI) which determines, measures and shares the best practices in the field of quality and patient security.

In many developed countries, particularly in EU countries, the elderly population being too much, the cost of healthcare being too high and in the least developed countries, the level of the healthcare system being inadequate made our city  important destination in medical tourism.

The income from the medical tourism is planned to be increased to 20 billion US dollars by 2023. In 2023, the aim is to triple the medical expenses per person and reach 2.000 US Dollars.

Izmir is a city that medical tourism and coastal tourism are tied to each other through the colourful sea, beaches and thermal centers in the west.

The dignity, tranquillity, climate, transportation, sea and sun of Izmir are privileges in the treatment process and it is an important advantage for medical tourism.

Regarding the thermal tourism which is a sub branch of medical tourism; our city has thermal sources that form a method for natural treatment.

The hot springs and spas in Balçova Agamemnon, Bayındır, Bergama, Çeşme, Dikili, Gülbahçe, Menemen and Seferihisar are very beneficial in many illnesses’ cure primarily rheumatism and skin problems. There are 7 licensed thermal facilities in Balçova, Narlıdere and Çeşme, also there are 5 investment licensed thermal facilities in Çeşme, Dikili and Menderes.

There are 7 thermal facilities with business licence in Balçova, Narlıdere and Çeşme. Besides there are 8 therma facilities with investment license in Çeşme, Menderes and Seferiihisar.

It is important that İzmir acquires the rightful share from the health tourism. İzmir with its high tourism potential and health sector infrastructure has the adequate qualifications to host medical tourists.

There are 900 companies operating in the 30th Medical Supply Professional Group of our Chamber and 744 companies in  the 31st Human Health Professional Group, 253 companies in the 32nd Eyeglasses Professional Group and 319 companies in the 33rd Dental Professional Group.

 

Education of İzmir

Nowadays global competition that rises is seriously felt in every sector.

In the past the price was determining the advantage in competition, nowadays together with price, quality and diversity of goods also became significant elements.

Therefore qualified human resources that adopt the changing conditions in the direction of the customer preferences became very important.

In that context a country’s qualified labour is the most important element of that country’s competition capability.

The required labour force that is currently needed can only become feasible through education.

In contrast with the aging population of Europe, our need of qualified labour can be sustained easily.

İzmir became one of the cities that investors prefer due to the labour potential that is qualified.

In 2016 / 2017 academic year, there are 525 preschools, 778 primary schools, 623 middle schools and 478 high schools of which 247 of them are in general education and 231 are in Vocational and Technical education students in İzmir.

School participation in İzmir is 90,01% for primary (elementary) school, 96,25% for secondary school and 87,19% for secondary education. 

There are 270.897 students in the secondary education institutions. 43,1% of them prefer Vocational and Technical education and 56,1% prefer General secondary education.

Universities that might be the most important stage of education of young people, support in general country's growth and development and supports also in private region’s growth and development.

Even though the main mission of universities is contributing to the personal development and people's intellectual sphere but they also have important economic impacts.

There are eight universities in İzmir: Dokuz Eylül University, Aegean University, İzmir Bakırçay University, İzmir University of Economics, İzmir Kâtip Çelebi University, İzmir High Technology University and Yaşar University.

İzmir Bakırçay Univerrsity which is established with the Law related to the Support of Investments on Project Basis and Amendment about Some Legislations or Regulations acting as Legislations which was published on the Official Newspaper dated September 7th 2016, the University foresees to accept student at the next academic year.

Izmir University of Economics is the first private university of İzmir and Aegean Region that is founded on April 14th 2001 with 2 faculties, 5 colleges and two institutes.

İzmir University of Economics trains the labour force that the business sectors require. In that direction, the departments in the university diversify continuously according to the professions that are needed each year.

Education language at this University is in English. For the second language, students are given 9 different language choices.

Universities that are in our city are preferred due to their quality of education.

Another reason for the preference of İzmir’s universities is the international connection that they have.

Today, many young people from different cities and even from abroad come to our city to study at universities in Izmir and they benefit from the social and cultural opportunities of our city.

 

Tourism of İzmir

Izmir with almost 4 million population and 30 districts, with a history of 8500 years, has an important tourism potential.

In almost every district of Izmir; Aliağa, Balçova, Bayındır, Bayraklı, Bergama, Beydağ, Bornova, Buca, Çeşme, Çiğli, Dikili, Foça, Gaziemir, Güzelbahçe, Karabağlar, Karaburun, Karşıyaka, Kemalpaşa, Kınık, Kiraz, Konak, Menderes, Menemen, Narlıdere, Ödemiş, Seferihisar, Selçuk, Tire, Torbalı and Urla, it is possible to find a large variety of tourism.  (Sea, coast, history, religion, health, thermal, mountain, skiing, youth, disabled, agro, fair and congress.

Tepekule, which is the oldest historical city that is extant to present is located in Izmir. InAgora, everyday a new historical issue is found out. Oldest bridge of the world is the bridge established on Meles River.

İzmir has the advantage of being a big city with all kinds of education opportunities, shopping, and health opportunities. Izmir has also the capacity to present a serenity to its people because of being near to different touristic locations.

World’s biggest open-air bazaar Kemeraltı is located in Izmir center. There are also other bazaars in Kemeraltı like; Kestanepazarı, Hisarönü, Kuyumcular Bazaar, Havra Street.

Konak Square, Asansör (Elevator), Alsancak, Karşıyaka, Kadifekale, Clock Tower, Kültürpark, Uşakizade Villa are other touristic places in Izmir. Turkey’s oldest fair area Kulturpark played an important role in establishment of Izmir identity.

In Izmir, 440 (Group A), 10 (Group C) travel agents are active. Accommodation capacity has reached to 50.000.

Number of tourists that visited Izmir in years and months are as follows;

Months

2015

2016

2017

January

 17 851

 16 397

 13 330

February

 25 147

 18 989

 16 442

March

 36 269

 37 154

 27 846

April

 71 371

 37 925

 43 211

May

 128 754

 66 015

 57 378

June

 145 968

 73 226

 94 325

July

 218 103

 135 271

 157 459

August

 203 095

 111 838

 146 900

September

 152 941

 76 603

 105 279

October

 127 756

 62 989

 62 447

November

 49 638

 16 691

17203

December

 25 028

 19 201

21.990

TOTAL

1 201 921

  672 299

 763 810

 

Source: İzmir Provincial Directorate of Culture and Tourism 

In 2013, 1 million and 400 thousand, in 2014 1 million and 294 thousand tourists visited Izmir. As of 2017, together with Turkish visitors, 1million and 400 thousand tourists visited İzmir.

Izmir Chamber of Commerce established a “Tourism Directorate” within the structure of the Chamber differentiated from other Chambers.

Izmir Chamber of Commerce Directorate of Tourism is doing researches to provide solution-oriented service to its member companies, participating to domestic and international fairs, taking steps to organize international organizations in Izmir to reach dynamism in tourism.

You can contact Directorate of Tourism about any issue related to tourism.

 

Domestic Trade

Service sector covers 67.7 % of total gross value added of Izmir. Izmir covers 7 % of the total service sector of Turkey. 58.9 % of the total working population of Izmir is employed in the sector of services.

Bazaars in city centres are places in the city where trade is concentrated. The volume of trade activities in the city centre is intense.

Trade centres of the city where trade activities are concentrated are as follows:  Kemeraltı; Mimar Kemalettin Fashion Centre; Yenişehir Trade Centre; Lumberman’s Bazaar; Waste Collector’s Site; Ground Shipment Site; Fashion, Textiles and Garments (MTK) Site; Glassman’s Site; Otokent; Teemer’s Site; Işıkkent Shoeseller’s Site; Recycling Site; Kısıkköy Furniture and Metalworks Site; Izmir Storage Site (İZDEP); Karabağlar Furniture Bazaar; Çankaya Electronics Bazaar; Balçova Industrial Site; Güzelbahçe Industrial Site.

Furthermore, there are also some district bazaars where the volume of trade is intense such as Karşıyaka Bazaar, Bostanlı, Alsancak, Alsancak Kıbrıs Şehitleri Street, Balçova Ata Street, Hatay Street, Bornova Square and surroundings, Buca Forbes Street, Gaziemir, Narlıdere, Güzelbahçe, Hatay, Balçova, Buca, Güzelyalı, and Bornova.

In addition, apart from the metropolitan city centre, there are also touristic attraction centres such as Çeşme, Alaçatı, Eski Foça, Yeni Foça, Seferihisar, Tire, Ödemiş, Şirince, and bazaars in Selçuk along with touristic destinations.

Although there are lots of shopping malls, bazaars and shopping centres in historical and modern places of Izmir; due to the shift of domestic sales to online sales (via the Internet) and to shopping centres located outside the city centre, the desired dynamism cannot be achieved.

Tourists coming to Izmir, the hub of the regional economy, from either other cities in the region for shopping-travelling purposes or foreign countries for sightseeing mostly visit the bazaars in Kemeraltı, Konak, Karabağlar, Alsancak, Karşıyaka, and Yenişehir.

The shopping activities mentioned above is focused on consumer goods such as food (the primary category), clothing, souvenirs, and furniture.

Improving the quality of promotion-advertising and services in the traditional bazaars and organizing bazaar-oriented campaigns at certain times constitute only a small part of the solution; making more use of the online network in shopping activities is crucial for providing a wider range of alternatives to the customer.

The three districts of Kemeraltı, Agora, and Basmane must be re-organized and therefore be integrated into the trade of Izmir.

Supermarket/hypermarket format is developed in coastal and touristic places apart from the city centre like Çeşme, Foça, Dikili, and Seferihisar with the increase in population densities and the improvement of the quality of life in terms of economy. The structure mentioned here can also be observed in concentration ratios.

The Aegean Region has the maximum concentration ratio in Turkey. In recent years, the modern retail sector has developed significantly in Turkey and in the Aegean Region. With its young, open-minded societal structure with diverse demands, Izmir is the leading city among those where the retail sector is on the rise.

In Izmir, housing costs and rent constitute 27.3 % of the household consumption expenditures while 18 % is for food and non-alcoholic beverages, 15.9 % is for transportation, 7.1 % is for restaurants and hotels, and 6.4 % is for furniture, household appliances and maintenance services.

Housing sales increase each year in Izmir. 84,184 residences were sold in 2017.

1,381,000 motor vehicles are in the traffic circulation in Izmir. The electric consumption value is 4,556 kWh.

In 2017, on one hand, 7,010 companies have been established in Izmir. On the other hand, 1,607 companies have been shut down.

The tax revenue increases each year in Izmir. As of 2017, TL 63 billion is collected as tax revenue.

As of 2017, the amount of constant investments realized with incentives is TL 7,5 billion in Izmir. Within the same time period, the value of public investments is TL 2.7 billion.

Fashion, Textiles and Garments Site (MTK)

The textile sector is among the substantial lines of business in Izmir.

Initially clustering at Mimar Kemalettin Street in the city centre, the leading enterprises of the sector established Mimar Kemalettin Fashion Centre.

As the high density formed due to the rising population of the city brought about the necessity of establishing outside the centre, Drapery, Haberdashery and Garment Wholesalers Business Cooperative, Ltd. (MTK) was founded in 1983 and its current place in Bornova Çamdibi was started to be established.

MTK is the largest clustered sectoral bazaar in Turkey encompassing wholesalers of household linens, carpets, and blankets; clothing machines and materials providers; fabric wholesalers; embroiderers; knitwear sellers; fabric stampers; combed cotton manufacturers; manufacturers of jeans, men’s shirts and bridal gowns; men’s and women’s underwear; menswear; carpet sellers; and soft furnishing sellers.

MTK’s Fashion, Textiles and Garments Site is established on an area of 823,000 square meters with 755 businesses.

The reinforced concrete indoor structure of 400,000 square meters including its entire infrastructure, the pathway of 100,000 square meters made with interlocking paving stones, green spaces, recreational facilities, and the mosque is built only using the funds provided by membership fees.

A total of 20 thousand people are employed within the site.

Apart from its general layout and architectural beauty, MTK’s Fashion, Textiles and Garments Site is also spectacular with regards to its recreational amenities. There are also restaurants, banks and a post office (PTT) on the site.

The pathways and green spaces cover a wide area and there are also parking lots in three different zones. In addition, as there are parking garages in the basement floors of each workplace with a capacity of 2500 vehicles and open parking spaces/garages with a capacity of 2250 vehicles, there are no parking problems in the site.

Çamkule Community Clinic, also built by MTK, is now handed over to the Turkish Ministry of Health and Social Security and provides service to the employees of the site and the regional population.

MTK’s Fashion, Textiles and Garments Site is close to the Highway, the Bus Terminal, storages, Alsancak Port, Adnan Menderes Airport and the city centre. By using the public buses and other means of public transports, reaching the Site is very easy even from the farthest regions of the city.

 

Mimar Kemalettin Fashion Centre

Encompassing companies operating in the sector of ready-to-wear fashion and textiles and established on an area of 75,000 square meters closed to traffic, Mimar Kemalettin Fashion Centre is one of the most important bazaars in Izmir specialized on a sectoral level.

Being a historical centre present for more than a century and spanning from Çankaya at one side to Konak at another, the bazaar has approximately 1000 companies mostly operating in the sector of ready-to-wear fashion and textiles.

The majority of the businesses operate in the field of bridal gowns and evening dresses.

With regards to many product types, the bazaar is among the leading centres not only of Izmir but also of Turkey.

Providing an example of natural clusters, businesses operating in sectors such as bridal gowns, evening dresses, trousers, sportswear, womenswear, menswear, children’s wear along with fabric and accessory manufacturers are present in the bazaar.

Wide spaces being present for pedestrian traffic, the bazaar offers places for sitting and leisure along with an ideal atmosphere for organising various events.

There are some spatial problems in the fashion centre.

City surveillance cameras must be installed in the bazaar, enabling to monitor the entire fashion centre. With these cameras, the bazaar will be a safer place.

Better-looking and more modern lighting solutions must be implemented and the empty space in the middle of the bazaar must be put to better use.

As the Chamber of Commerce, we are taking action in order to increase the brand value of Mimar Kemalettin Fashion Centre.

In this respect, we offer support to our members for fairs and the aids of the Ministry of Economy for the development of international competitiveness to bridal gown and evening dress manufacturers.

With the aim of transferring our cultural heritage under the control of universal enforcement mechanisms, as the Izmir Chamber of Commerce, we have launched in 2006 a project for the inclusion of the historical city centre in Izmir in the UNESCO World Heritage List.

Regarding this issue which has become once again an important issue with the inclusion of Ephesus in the UNESCO World Heritage list in 2015, it was announced by the Metropolitan Mayor of Izmir that the steps were being taken for the inclusion of Kemeraltı, Agora, and Kadifekale, i.e. the historical triangle of the city centre.

It would increase the attractiveness of Mimar Kemalettin Fashion Centre along with its prominence in Izmir and Turkey if the historical zone between Kadifekale, Agora, and Kemeraltı was brought to light and included in the UNESCO World Heritage list.

Kemeraltı Bazaar is a living witness of history with its historical inns, hotels, mosques, synagogues, churches, shrines along with Turkish, Greek, Levantine and Republican Era buildings and Mimar Kemalettin Fashion Centre cannot be thought separately from Kemeraltı.

Our members, especially taking action in order to become brands in the field of bridal gown and evening dress manufacturing, would gain more revenues from tourism and the giant textile brands in the sector would become aware of the potential of the Centre with the historical heritage becoming widely known.

As Mimar Kemalettin Fashion Centre, a majority of the businesses of which being members of our Chamber, is established on a wide area, actions must be taken in order to transform it into a venue where different recreational spaces can be included and fashion events can be organised.

The promotional activities of the Fashion Centre must be increased and necessary steps for the attraction of the tourists coming with cruise ships to the Centre must be taken.

 

Industry in İzmir

The share of industry within the gross added value that İzmir produces is 26.9%.

İzmir’s industry covers 6.5% of Turkish industry on its own. The 31.1% of the employees are employed in the industry sector.

Small industry sites, organized industry zones, free zones, and techno parks contribute to the development of İzmir’s industry.

The development of İzmir relies upon the 1st İzmir Economic Congress organized between 17th February and 4th March 1923.  After the Congress, important steps were taken for planned industrialization.

Aliağa, Bornova, Çiğli, Gaziemir, Kemalpaşa, Menderes, Menemen and Torbalı are the districts, the industry investments are concentrated. 

Textile, manufacturing of outfit and readymade garment, food, beverages, tobacco, petrochemicals, furniture, plastics, construction materials, medical equipment, packaging, moulding, aerospace, defense industry, renewable energy, automotive, iron-steel and shoe sector are important industry branches in İzmir.

Alcoholic drinks and tobacco products are the sectors that produce the highest added value in the sectors related to agriculture; they create employment and are an important branch of industry which contribute directly or indirectly to each part of society from agriculture to transportation.

The petrochemical sector, representing 25% of the total chemicals production of our country, is a locomotive sector which provides input for other sectors. Petkim Petrokimya Holding  INC. (PETKİM) Aliağa facilities, one of the biggest petrochemical companies, in Turkey, are located in İzmir.

İzmir hosts the first refinery investment realized by the private sector with the Project of Star Refinery, which is still under construction, in Petkim peninsula, of 10 million tons of capacity per year. Besides one of the 4 petroleum refineries of Turkey Petrol Refineries A.Ş (TÜPRAŞ) which is Europe’s 7th and the world’s 28th biggest petrol refinery is located in İzmir.

The Automotive sector is among the locomotive sectors of our country. Therefore it is extremely important that the continuous growth of the sector is essential for the country’s economy, development, and employment.  There are large scaled companies in the automotive sector, operating in Izmir, and making foreign trade at high rates.  The number of automotive per 1000 persons is 110. Considering that this ratio is low compared to European Union countries such as France and Germany and the fact that young population rate is higher in our country compared to other countries; the high consumption potential in the automotive sector.

There are big scale companies operating in the automotive sector in İzmir and have an intense foreign trade. Most of the industrial plants are located in the Organized İndustrial Zones (OIZ) and in small industrial sites. There are many small industrial sites in the city. 49 out of the total 311 OIZ, in Turkey, are located in the Aegean Region while 13 of the 49 OIZ are located in İzmir.

These OIZs are; İTOB OIZ, Aliağa Chemicals Specialisation and Mixed OIZ, Bağyurdu OIZ, Bergama OIZ, İzmir Atatürk OIZ, Buca Aegean Clothing OIZ, İzmir Kemalpaşa OIZ, İzmir Pancar OIZ, Kınık OIZ, Menemen Plastical Specialisation OIZ, Ödemiş OIZ, Tire OIZ and Torbalı OIZ.

Aegean Free Zone (ESBAŞ), in Gaziemir, and the İzmir Free Zone (İZBAŞ), in Menemen, are the 2 important free zones of the city.  Particularly İZBAŞ is one of the OIZ’s, that has the biggest trade volume and has great a contribution to the Izmir economy in terms of employment. Aegean OIZ is operating since 1990. Moreover, currently, it is regarded as one of the most successful OIZ’s in Europe.  The OIZ in Menemen, Izmir, is 16 miles away from Aliağa port area and is nearby the Çandarlı Port to be one of the biggest ports in the world after its ongoing construction period is finalized.

The number of technology zones that provide cooperation between industry and university with the aim of producing goods and services of advanced technology in İzmir increase from day to day. Especially, the Aegean Free Zone is among the biggest free zones of Turkey in terms of trade volume.

The total number reached up to 4 with the İzmir Science Park founded by our Chamber,  the Dokuz Eylül Technology Development Zone,  the Aegean Techno Park Technology Development Zone,  and the İzmir Technology Development Zone.

Within the development strategy based on export, the free zones that are seen as an important means for the increase of the country’s exports contribute greatly to the development of İzmir’s foreign trade. Izmir Science Park, located in Menderes, Izmir in ITOB, was declared and established as the 42nd Techno park of Turkey, in October 2012 with the leadership of İzmir University of Economics and İzmir Chamber of Commerce with the participation of ITOB OIZ, İzmir Commodity Exchange,  Aegean Exporters Union,  Aegean University, Gazi Techno park and the private sector’s leading companies upon the suggestion of the Minister of Science, Industry and Technology Mr. Nihat Ergün about establishing a techno park focusing on agriculture in the end of 2010 at the İzmir Chamber of Commerce Tax Award Ceremony.

Techno park Izmir was established on a 218-hectare area, in 2002 and is operating within Izmir Institute of Technology. Dokuz Eylül Technology Development area is operating in Dokuz Eylül University, one is at the campus of Tınaztepe while the other is at the campus of Inciraltı. The companies practicing in software, informatics, electronics, advanced material technology, design, and nanotechnology, automotive and renewable energy are in the campus of Tınaztepe. 

ideEge is a techno park located in the campus of Ege University and it began operating, in 2002. Currently, furthermore, over 50 R&D companies are conducting their studies, in ideEge.

İzmir Science Park identified particularly the sectors of software and informatics and the sectors of sustainable agriculture and sustainable energy as a target sector because nowadays technology and internet penetrate each area; agriculture, food, and energy sectors are to become the main strategic sectors at global scale and also because İzmir has great animal and agricultural potential hosting many fertile plains cultivable three times a year along with its renewable energy covering wind, solar and wave energies and İzmir’s unique strategic and geographical position.  

İzmir Science Park’s first building, called Işık Building which has a basement  floor, ground floor and + 2 floors covers 29 research - development offices with a total of 1.598 net square metres rentable area, an Embryonic centre of 200 square metres, 3 meeting rooms of total 84 square metres and 4.599 square metres of storage areas.

 

İzmir Science Park’s facilities are not only limited to those. Entrepreneurs of the area can also use the facilities of the ITOB OIZ Direction Building hosting a conference hall of 200 persons, a meeting room, interview rooms, the restaurant and the sports complex that will be launched very soon, for free.

There is an easy and comfortable access to İzmir Science Park and ITOB OIZ thanks to the İZBAN subway. There are free shuttles from the İZBAN Pancar subway station to the İzmir Science Park.

İzmir Science Park established a technology development centre roof deriving its force from the İzmir University of Economics and the İzmir Chamber of Commerce. This roof rises on three pillars: İzmir Science Park Technology Development Centre, İzmir University of Economics Embryonic Technology Transfer Office and the İzmir Chamber of Commerce Business Angels and Mentor Network.

İzmir is a centre of attraction for foreign capital particularly due to its human resources, its geographical position, and the advantages that it offers.

The number of foreign capital companies in the city is 2.633 as from 2018 April.

 

Finance of İzmir

Banking activities cover 60% of the Turkish finance sector which is mainly consisted of the banking sector.

Insurance services and other financial activities have also big potential in growth. Financial Services sector consists of many sectors like deposit banks, development and investment banks, participation banks, capital markets, insurance, financial leasing, factoring, consumer finance and individual pension system.

The share of banks is also very high in the finance sector in İzmir.

According to the Banking Regulatory and Supervisory Authority data;

By December 2017, total bank deposits reached to 89,6 billion TL, total cash credits reached  109,1 billion TL in İzmir. Tracking receivables reached 3,4 billion TL.

The ratio of total cash credits to total deposits is 121,81% . The ratio of tracking receivables to total cash credits is 3,4%.

By December 2017, the credits with the amount of 9,9 billion TL was extended to trade and broking sector, 5,2 billion TL was extended to agriculture and fishing sector, 3,5 billion was extended to metal and processed mining sector, 4,5 billion TL was extended to food, beverage, tobacco sector, 5 billion TL was extended to construction sector, 3,8 billion TL was extended to energy sector and 1 billion TL was extended to tourism sector in İzmir.

By December 2017, there are 7666 bank offices in İzmir and population per bank office in İzmir is 5513.

According to the individual pension system data of İzmir, by the end of 2016, when we consider the ratio of the participants to the population between the ages of 18-56 in their cities of residence; the top three cities with the largest participants are respectively Muğla (25%), İstanbul (21%) and Antalya (20%). Ankara and İzmir follow these cities both with 19%.

According to the distribution of contribution margin among the cities, İstanbul ranks first with a share of 34,7%, Ankara ranks second with a share of 10,7% and İzmir ranks third with a share of 7,6%. İzmir ranks third after İstanbul and Ankara at the highest average state contribution rate paid for each participant with 1504 TL.

There are 880 active companies in the 47nd Banking, Assets/Bonds and Holding Companies Profession Group at our Chamber and 1139 active companies in the 48th Insurance Profession Group of our Chamber.

Logistics of İzmir

İzmir has many capabilities with the properties of being a city of military, trade, transportation, port and university.

With its natural harbour and its connection to other cities, Izmir has become a major industry and commerce city.

İzmir with its location, proximity to European and world markets, location of its investment areas and organized industrial zones, universities, skilled labour force, other foreign investment in the Aegean region, it has the potential to become a logistic base.

It is sufficient to have a look at Izmir's contribution to foreign trade for its logistic potential. In 2017, according to customs data, in export, Izmir contributed 12.4% to country's exports with 19.4 billion dollars. İzmir imports from customs in 2017 reached 20.8 billion dollars. In other words, with its foreign trade that exceeds 40 billion dollars, Izmir will clearly be one of the leading logistic centres in Turkey.

A large part of trade in İzmir; Turkey’s third largest city, is provided by maritime transport. Port of Izmir is very effective and has a great role in the transportation system of the city. In İzmir, large part of the exports are carried by sea and İzmir port takes its place among the main container ports in Turkey.

Also; Izmir Alsancak Port is conveniently situated in terms of transportation. Adnan Menderes Airport is 25 minutes, the Aegean Free Zone Area 20 minutes, Bornova is 10 minutes, where industrial organization is vast, Torbalı and Kemalpaşa is 35 minutes, Çiğli Atatürk Organized Industrial Zone is 25 minutes, the Manisa Organized Industrial Zone is 35 minutes and the Aliağa Industrial Zone 50 minutes away. When we take all these factors into consideration, İzmir Alsancak Port is an important port city for both İzmir and Aegean Region in terms of foreign trade.

Alsancak Port capacity is 1 million TEU. Its capacity would reach 3 million TEU within the “İzmir Gulf and Alsancak Port Rehabilitation Project” which would deepen the approach / Access canal and the establishment of the new container terminal. Besides there are Ro-Ro expeditions once every week. Cruise ships coming to İzmir also approach the Alsancak Port.

In Nemrut Docks District, there are 5 pieces pier made ​​for transportation for bulk cargo. Piers operator companies like Ege Gübre, Akdeniz Kimya witnessed the problems and needs in Alsancak Port and started providing services since 2012.

Ege Gübre Port provides services with 4.000-8.000 Tons/Day in general Cargo handling, 10.000-30.000 Tons/Day in bulk solid handling, 250-400 m3/hour in bulk liquid handling and 75 Units / Hour in Cargo handling capacity.

Nemport Port has a capacity of 500.000 Tons/Year in general Cargo, 500.000 Tons/Year in bulk solid Cargo, 450.000 TEU/Year in container handling.

Other ports; Batıçim port has a handling capacity of 3 million tons, Egeçelik has 7.5 million tons, HABAŞ has 5.6 million tons and İDÇ has 755.000 tons handling capacity.

The Petkim, started constructing a port with an initial capacity of 1.5 million TEU; will reach 4 million TEUs when fully operational. In February 22, 2013, Petkim signed 28 -year contract with APM Terminals that is one the world's leading operator; stated that they will carry the distinction of being the first port to dock ships of 11.000 TEU.

Also in the south west of the city there is Çeşme Ro-Ro and Ferry Port. Trucking rigs are carried with Ro-Ro expeditions from Çeşme to Trieste in Italy.

Ongoing construction of North Aegean Çandarlı Port will not only be a transit port but also main port of İzmir and will create new added value to the national economy.

It is not possible for İzmir to become a logistic centre only with its ports. There is also a need to create logistic fields and centres on land.

Works on Kemalpaşa Logistics Center which was planned by the Ministry of Maritime Transport and Communications are still carried on. Kemalpaşa is the most adequate logistic centre due to its location on the corridor that opens to central Anatolia from İzmir and due to its proximity to industry centres.

Based on the worldwide example, intermodal transport systems will be transferred to our city; so costs for our members in dealing with foreign trade will be lowered; customs areas and services of the Alsancak Port will be relieved. Goods entering the city from the south and the other axles will be gathered in one centre and future burden will be eliminated. Together with the establishment of a logistics centre at the intersection of highway, railroad, and goods will be gathered in one spot without a negative impact on the city and will be sent all over the world.

Within this perspective, our Chamber is planning to establish a logistic centre in the south within the South İzmir Logistic project.

BALL Project, gathering production in certain centers in order to export them to Europe via railroad, started with the leadership of TOBB was launched in 2004 in Turkey. BALL - Greater Anatolia Logistics Organizations after experiencing some delays Corporation was founded in 2012. Our Chamber became a partner of BALL in 2012 in order to assess the logistics potential of Izmir and provide convenience for the member companies those exporting.

The company's objective is to lower transportation cost in order to achieve competitive advantage in the international market by sending the containers to Continental Europe via railroad instead of land or sea transportation as railroad is much more cost-effective.

Besides, large scale projects such as the İzmir- Istanbul highway, İzmir-Antalya Highway, İzmir - Çanakkale Highway that would connect İzmir to Europe, İzmir-Ankara high speed train line would expand İzmir’s logistic network and bring great added value to the city.

Important developments are taking place in Izmir's air transport infrastructure. Izmir's airport capacity has been increased. Together with the new domestic terminal, the capacity of Izmir Adnan Menderes Airport has reached a total of 30 million passengers.

İzmir, due to the capacity that it has, it is possible to make some of the international transportations directly from İzmir instead of via Istanbul. Besides new international lines can also be integrated.

Works are carried out to make İzmir Adnan Menderes Airport Turkey’s second hub airport after İstanbul.

In sum, İzmir uses the advantages of its geographical location and infrastructure and superstructure works continues in order to increase foreign trade and logistics activities.

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