Millions of square-meters of land was zoned for commercial and residential use, FOX TV reported on July 24. The land joins those owned by Finance Minister Berat Albayrak and Sheikha Moza bint Nasser, mother of Qatar Emir on the artificial canal's route.
Istanbul Mayor Ekrem İmamoğlu submitted an official complaint against President Recep Tayyip Erdoğan's Kanal Istanbul project. The artificial canal project would split Turkey's European land in half, and has been criticized for severe environmental risks.
Finance Minister Berat Albayrak's lot on the route of Kanal Istanbul, the president's artificial canal project, was opened up to commerce. Albayrak will be allowed to build commercial structures on up to 40 percent of his land.
In the second episode of 'Turkey: The Long View' Luke Frostick talks with Istanbul-based Russian foreign policy expert and independent geo-analyst Yörük Işık about the state of shipping in the Bosphorus and how a new canal might impact it. Frostick's second guest for the same topic is the environment and energy specialist Önder Algedik.