Global Trade Alert
Global Trade Alert

Turkiye: The government rescues the contractor companies in the Istanbul Finance Center Project

Announcement

25 Sep 2019

On 25 September 2019, Turkiye’s Wealth Fund (TWF) announced taking over all the rights of three main contractor companies in the Istanbul Finance Center Project for 1.67 billion TRY (294 million USD).  

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

25 Sep 2019

Revocation date:

No revocation date

Updated: 25 Sep 2019
Debt purchase In force

On 25 September 2019, Türkiye’s Wealth Fund (TWF) announced taking over all the rights of three main contractor companies in the Istanbul Finance Center Project for 1.67 billion TRY (294 mill...

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