News Middle East17 Aug 2020

Turkey:Total economic loss of Istanbul giant quake could exceed US$16bn

| 17 Aug 2020

The total damage caused by a possible massive magnitude-7.5 earthquake that hits Istanbul can reach TRY120bn ($16.3bn), of which building structural damage alone can amount to TRY68bn, according to two reports published in June and July by the Istanbul Metropolitan Municipality (IMM).

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