ICD Commits EUR 40 Million to Türkiye’s Northern Marmara Highway Project

Stronger Regional Trade and Economic Growth on the Horizon

Nakkas-Basaksehir Section to Benefit from Vital Funding

The Islamic Corporation for the Development of the Private Sector (ICD) has announced a significant investment of EUR 40 million in the Nakkas-Basaksehir section of Türkiye’s Northern Marmara Highway Project. This strategic investment will play a pivotal role in strengthening regional trade and economic growth while enhancing connectivity and transportation infrastructure.

The Nakkas-Basaksehir section forms a crucial segment of the larger Northern Marmara Highway Project, which aims to improve road connectivity between Istanbul, the economic hub of Türkiye, and the surrounding regions. The ICD's funding will contribute to the construction of a 20-kilometer, four-lane highway, including bridges, tunnels, and interchanges. Upon completion, the upgraded highway is expected to significantly reduce travel time, enhance safety, and facilitate the flow of goods and services, boosting economic activity in the region.

The ICD's commitment to this project underscores its mission to support infrastructure development and private sector growth in its member countries. By investing in critical transportation infrastructure, the ICD aims to promote regional integration, create jobs, and stimulate economic growth. The Northern Marmara Highway Project is a prime example of how infrastructure development can serve as a catalyst for socioeconomic progress. The improved connectivity and efficiency provided by the new highway will enhance trade opportunities, attract foreign investment, and contribute to the overall prosperity of Türkiye and the wider region.