Istanbul is the largest city in Turkey, constituting the country’s economic, cultural, and historical heart. Istanbul is a transcontinental city in Eurasia, with its commercial and historical centre lying on the continental European side and about a third of its population living on the Asian side of Eurasia. With a population of 14.4 million, the city forms the largest urban agglomeration in Europe as well as the largest in the Middle East, and the fifth-largest city proper in the world. Istanbul’s area of 5,343 square kilometers (2,063 sq mi) is coterminous with Istanbul Province, of which the city is the administrative capital. Istanbul straddles the Bosphorus strait in northwestern Turkey, between the Sea of Marmara and the Black Sea. Founded on the Sarayburnu promontory around 660 BC as Byzantium, the city now known as Istanbul developed to become one of the most significant cities in history. For nearly sixteen centuries following its reestablishment as Constantinople or New Rome in 330 AD, it served as an imperial capital for the Roman and Byzantine (330–1204 and 1261–1453), the Latin (1204–1261), and the Ottoman (1453–1922) empires.