Istanbul bid for the 2020 Summer Olympics of the city, while the bottom reflects the Asian side, which are divided by the Bosporus. The colors are orange, which reflects the color of sunset in the city, and turquoise, which is connected to Turkish culture. Istanbul bid for the 2020 Summer Olympics Istanbul 2020 (Turkish: ) was a bid for the 2020 Summer Olympics by the city of Istanbul and the Turkish Olympic Committee. The Turkish Olympic Committee (TMOK) announced the selection of Istanbul as Turkey's candidate on July 7, 2011. Turkey's candidacy was announced officially by Prime Minister Erdogan on August 13, 2011. Hasan Arat, who heads
Economy of Istanbul ITKIB: Pharmaceutical industry started in 1952 with the establishment of "Eczacıbaşı Pharmaceuticals Factory" in Levent, Istanbul. Today, 134 companies operate in the Turkish pharmaceutical industry, a significant part of which is based within or near Istanbul. Istanbul is one of the most important tourism spots of Turkey. There are thousands of hotels and other tourist oriented industries in the city, catering to both vacationers and visiting professionals. In 2006 a total of 23,148,669 tourists visited Turkey, most of whom entered the country through the airports and seaports of Istanbul and Antalya. The total number of tourists who entered Turkey through