TURKEY. In a major coup, Spain-based Global Exchange has captured the 15-year foreign currency exchange contract at Istanbul New Airport. Global Exchange said it was “the most important contract in the history of the company”.

The opening of Istanbul New Airport, scheduled for 29 October, will see Global Exchange opening 40 branches. The company’s Turkish staff will grow by +25% in number, the company added.

Global Exchange has been steadily growing its international network (new locations at Hong Kong Airport pictured above and below); Istanbul New Airport will catapult it into another league.

As we reported recently, Global Exchange won a seven-year contract at Istanbul Sabiha Gökçen International Airport to extend its presence in Turkey. It has run a foreign exchange concession at Antalya Airport since 2017.

Global Exchange Group President Isidoro Alanís said: “This is the largest expansion project both by the number of branches and the duration of the contract. At the Global Exchange Group this is a strategic bet for Turkey, as we are convinced that the evolution of the Turkish Lira will assure a double-digit growth in tourism in the upcoming years. Turkey will become again one of the main touristic destinations worldwide.”

Once open, Istanbul New Airport will become the fifth largest in Europe by passenger traffic. Commercial space is around 100,000sq m, with long-term capacity set to reach 200 million passengers.

Global Exchange has a network of more than 260 branches in 55 international airports. Key markets in which it is present include Brazil, Colombia, Costa Rica, Denmark, Ecuador, Spain, Guatemala, Jamaica, Jordan, Morocco, Mexico, Nicaragua, Paraguay, Dominican Republic, Switzerland, Trinidad & Tobago, Uruguay, Russia, Australia, Hong Kong and Turkey.

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