Istanbul’s Grand Bazaar launches renovation project
27 November 2009
Istanbul's Grand Bazaar, one of the largest and oldest covered markets in the world, is set to undergo a thorough renovation with an estimated budget of USD 150 million in the next two years.
During the renovation, as Hurriyet daily reports, some older parts of the bazaar currently closed to the public will be opened. The project, which spans 75,000 square meters of the bazaar, also includes restoration of parts of the complex and, for example, reorganizing its electrical wiring and air conditioning.
Istanbul's Grand Bazaar was built in 1461 and has more than 3,600 shops. Grand Bazaar Tradesmen Association President Hasan Firat said the goals of the renovation are to protect the original features of the complex and attract more local visitors. At present, local visitors make up some 30% of all visitors to the Grand Bazaar.
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