Development

Is Istanbul, Turkey Technologically Developed?

Turkey is one of the biggest quality textile manufacturing countries in the world, it “is mostly known as a hub for fashion manufacture. The country has 59,000 companies in textile, footwear, and apparel manufacturing, which yearly produce over 65 billion dollars per garment and fashion goods” (Fashion United Business Intelligence Team, 2016).  Moreover, in this age of technology, Turkey is no far behind than the G7 as the country has “invested heavily in technology over the past two decades. The number of internet users in Turkey has surged from just three percent in 2000 to 44% today, and 96% of the population now owns a mobile phone. The Turkish people are increasingly interconnected and technologically advanced, and it’s having a ripple effect across many aspects of life in the country – from education and infrastructure to business and research” (THO, 2020). Knowing that it is a developed country with a trusted economy, we have made a decision to work in Turkey. 

We are concentrating on the Turkish city named Istanbul, which was known as Constantinople for centuries. Istanbul is the fifth most popular tourist destination (city) in the world as it is fully developed and has always been known as the financial capital of Turkey. “Considered a global city, Istanbul is one of the fastest-growing metropolitan economies in the world. It hosts the headquarters of many Turkish companies and media outlets and accounts for more than a quarter of the country’s gross domestic product” (Earth Watching Team, 2020). Trade wise, Istanbul is not only the largest city in Turkey but also has the biggest port with ancient ties to the strategic location of the Silk Road and the Mediterranean Sea route. Have a look at the infrastructure development of Megacity Istanbul down below!

Since we are a business that offers modest apparel and accessories for fashion-forward women, there is no place better than Istanbul, Turkey that has a market for it as “in 2020, Modest Fashion Week will be the capital of the Modest Fashion in Istanbul” (MFW, 2020). The fact that out of all countries Turkey was picked to host a fashion week in its modest fashion capital city, really made us visualize the caliber of Istanbul, Turkey as the focal point of our business operations.

Page Author: Musarat Merchant