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AKTÜEL<br />
100 mio financing support from “Kuveyt Türk” to<br />
Medical Research Center<br />
Breaking grounds in the participation banking market, Kuveyt Türk<br />
provided financing of 100 million euros to the Medical Research Center<br />
of Ministry of Health, the first and the only institution given its properties.<br />
Kuveyt Türk has made the biggest support in this respect by participating<br />
in the financing of the center with 100 million euros against the financing<br />
support of 494.5 million euros provided by 12 other lenders.<br />
Ufuk Uyan / CEO of Kuveyt Türk<br />
Providing financing support<br />
to the institutions and<br />
entities contributing to<br />
today and future, Kuveyt<br />
Türk has now provided financing<br />
support for the first medical research<br />
center that will support<br />
the healthcare research activities<br />
and provide access to hi-tech laboratories<br />
in Turkey. The medical<br />
research center to house the administrative<br />
buildings and biosecurity-assigned<br />
research centers<br />
of the Ministry of Health will satisfy<br />
the needs of the patients and<br />
healthcare professionals with its<br />
advanced technologic infrastructure.<br />
Kuveyt Türk has participated in<br />
the syndicate of 12 funding partners<br />
including the international<br />
financing institutions such as European<br />
Bank for Reconstruction<br />
and Development (EBRD), Black<br />
Sea Trade and Development Bank<br />
(BSTDB), Islamic Development<br />
Bank (ISDB) for the financing of<br />
the medical research center with<br />
a total investment cost of 711 million<br />
Euros. Kuveyt Türk has made<br />
the largest support in this project<br />
by funding it with 100 million<br />
euros to the overall financing of<br />
494.5 million euros provided by 12<br />
other funding partners with a tenure<br />
of 15 years.<br />
Mr. Ufuk Uyan, the CEO of Kuveyt<br />
Türk, was quoted as saying in a<br />
statement made on this matter,<br />
“We are pleased to provide financing<br />
for such a strategically important<br />
for the public healthcare<br />
in Turkey. The medical research<br />
center will invest in high-tech biological<br />
laboratories and make<br />
remarkable contributions to the<br />
research activities in our country<br />
and neighboring countries. In<br />
addition, this project will provide<br />
a modern working environment<br />
for the healthcare institutions of<br />
Turkey and their employees and<br />
efficiently respond to the need for<br />
ever developing medical technologies.<br />
We are also pleased that 40%<br />
of the financing of such a project<br />
has been funded together with Islamic<br />
Development Bank and its<br />
subsidiaries through interest-free<br />
banking principles”.<br />
The medical research center the<br />
project of which has been prepared<br />
by Turkish Public Health Institution<br />
and Turkish Pharmaceuticals<br />
and Medical Device Authority<br />
will be built in Bilkent, Ankara as a<br />
campus to shelter all the research<br />
and development activities to be<br />
carried out in an effort to be prepared<br />
against the incidents that<br />
may pose risks in terms of national<br />
bio-security. The project whereby<br />
the first medical research center<br />
of Turkey will be built shall be implemented<br />
through Public-Private<br />
Sector Participation (PPP) model<br />
by the contractor CCN Yatırım<br />
Holding A.Ş.<br />
36<br />
<strong>Ocak</strong> <strong>2018</strong>