İGA was founded on October 7, 2013 to construct and operate Istanbul Airport for 25 years. The airport is under construction on an area of 76.5 million square meters to the north of Istanbul, 35 km away from the city center. The construction will be completed in four phases. The first phase was finalized when two runways and a terminal with a passenger capacity of 90 million were commissioned. Once complete, the airport will host flights to more than 300 destinations with an annual capacity of 200 million passengers.