Dozens of new malls to be built in Istanbul by end of 2016: Report

ISTANBUL

HÜRRİYET DAILY NEWS PHOTO/ EMRAH GÜREL

Some 40 new malls will be built in Istanbul by the end of 2016, constituting around 37 percent of the 106 planned new malls across the country, according to a newly released sector report.

While the number of malls was 337 across Turkey in 2014, this figure has risen to 361 this year, said the Maptriks report. 

The number of malls across Turkey is expected to increase to over 450 by 2017, according to the report. 

Some 37 percent of the new malls to be built by the end of 2016 will be in Istanbul, which already takes the lions share in the sector. Eleven of the new malls are planned in the Aegean province of İzmir, 10 in the capital Ankara, eight in the Mediterranean resort of Antalya, and six in the northwestern province of Bursa. 

According to a report in daily Hürriyet in June, there are no shopping malls in 24 of Turkey’s provinces. Although one mall is planned to be built in four of them - Burdur, Çorum, Sivas and Yozgat – no malls are planned in the remaining 20 provinces.