Turkish President Recep Tayyip Erdogan has inaugurated Istanbul Airport as the 'world's new hub' and said its architecture, construction, operation, and financing is a model to the world.

Iran Press/Asia: According to Turkish newspaper Yeni ?afak, the new Istanbul airport officially opened on Monday, the 95th anniversary of the founding of the Turkish Republic.

Iranian Foreign Minister Mohammad Javad Zarif ,on Monday during the first day of his trip to Turkey participated in the opening ceremony of Istanbul International Airport.

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Speaking at the inauguration ceremony, Erdogan said: "We see Istanbul Airport as an investment not only in our country but also in our region and the world".

Turkish President said Istanbul Airport will serve 150 million passengers annually. "If needed, the annual capacity can be raised to 200 million".

Turkish President Tayyip Erdogan and participants during the official opening ceremony of the new airport in Istanbul, October 29, 2018

He said the new airport represents $11.6 billion investment in all its phases, adding that it will provide nearly $25.3 billion in revenue to the Turkish government.

At full capacity - with the completion of all four phases with six runways - Istanbul Airport is set to become a global aviation hub by hosting more than 100 airlines and flights to over 300 destinations around the world.

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