TOSFED Istanbul Park, a state-owned entity based in Turkey, was founded in 1991 and operates with approximately 30 employees. The company manages the Intercity Istanbul Park, an FIA Grade 1 motorsport circuit located in Tuzla, Turkey. This circuit, inaugurated in 2005 and designed by Hermann Tilke, spans 5.338 km (3.317 miles). It is notable for its 14 turns and unique counter-clockwise racing direction, and has historically hosted events including the Formula One Turkish Grand Prix.