Defense Industry Financing Turkey: A New Support Model
**The Presidency of the Defense Industry of the Republic of Turkey has launched an innovative financing model designed to assist suppliers in the defense sector. On April 22, 2025, a promotional ceremony for the “Defense Industry Presidency and Kuwait Turkish Financial Leasing and Operating Program” took place at the Directorate of Defense Industries, attended by key figures including Defense Industry President, Prof. Dr. Haluk Görgün, and Kuwait Turkish Participation Bank’s General Manager, Ufuk Uyan. This initiative aims to bolster the resources available to companies operating within this critical sector, ensuring a sustainable and robust supply chain.**
During the promotional event, Prof. Dr. Haluk Görgün highlighted the ongoing success of various support models introduced to aid suppliers at the end of 2024. He noted that since the launch of these initiatives, over 900 companies have engaged with the programs, leading to an impressive resource utilization of 5.7 billion TL. The Defense Industry President expressed satisfaction that small and medium enterprises (SMEs) are seeing tangible benefits from these operational models.
Görgün emphasized the swift responsiveness of the Presidency to the needs of defense industry companies. He conveyed that with the new financing model being implemented, suppliers are poised to strengthen their financial infrastructures, thereby enhancing their project execution capacities. The Kuwait Turkish Financial Leasing and Operating Finance Program specifically aims to provide essential financial support for machinery and operational needs within the manufacturing segment of the defense industry.
In his remarks regarding the recently signed protocol, Ufuk Uyan, General Manager of Kuwait Turkish, remarked on the importance of this initiative in bolstering Turkey’s position in high technology and expanding its defense industry capabilities. He acknowledged that the collaboration aligns with participation finance principles, paving the way for manufacturing companies to acquire necessary machinery under favorable conditions that will directly benefit the real economy.
Notably, the program is designed to particularly assist EYDEP certified firms, which underscores its commitment to fostering systematic development within the sector. Uyan expressed optimism that this financing model would further enhance the National Technology Initiative and yield significant advantages for businesses in the field.
The financing program will cater to both small and corporate firms, facilitating the acquisition of new machinery and equipment through leasing options. Moreover, operational financing needs will be addressed through business loans. The total financial scope of this program is set at 600 million euros, comprising 500 million euros allocated for leasing and 100 million euros earmarked for operational expenses.
Companies interested in this support can submit their applications at Kuwait Turkish Participation Bank branches until December 31, 2025. This initiative marks a significant step forward for Turkey’s defense industry, promising enhanced capabilities and a more resilient economic framework.
