The Ataturk Olympic Stadium located in İkitelli, a district in the western outskirts of Istanbul, is the largest-capacity stadium of Turkey. The stadium is named after Mustafa Kemal Atatürk, the founder and first President of the Republic of Turkey. Its construction began in 1999 and was completed in 2002. It was built for Turkey's failed bid for the 2008 Olympic Games that were ultimately awarded to Beijing. It cost about 140 million USD.