Turkish businesses back Istanbul 2020 Olympic bid

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Associated Press

Posted on March 25, 2013 at 8:01 AM

Updated Monday, Mar 25 at 11:07 AM

ISTANBUL (AP) — A Turkish business leader has assured the IOC of the private sector's support for Istanbul's bid to host the 2020 Olympics.

Ali Koc, board member of Turkey's Koc Holding conglomerate, says the country's business community is ready "to help one of the most important projects in Turkey's history."

He addressed the International Olympic Committee's evaluation commission Monday on the second day of its four-day assessment of Istanbul's bid. The IOC panel has already visited bidders Tokyo and Madrid.

In January, the Istanbul bid secured $20 million in sponsorship from seven leading companies, including Koc Holding.

The bid committee is pitching its growing economy, plans for modern venues and two-continent backdrop for the games in Istanbul, which straddles Europe and Asia.

Istanbul is bidding for the Olympics after four previous unsuccessful attempts.

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