BAKU, Azerbaijan, June 18. The Islamic
Corporation for the Insurance of Investment and Export Credit
(ICIEC), a Shariah-based multilateral credit and political risk
insurer and member of the Islamic Development Bank Group, is
pleased to announce its support for the financing of the
Kınalı–Malkara section of the Kınalı–Tekirdağ–Çanakkale–Savaştepe
Motorway Project in the Republic of Türkiye. The transaction was
signed on the sidelines of the IsDB Group 2026 Annual Meetings,
held in Baku, Azerbaijan, from 16 to 19 June 2026.


The EUR 150 million financing facility was arranged by Standard
Chartered on behalf of a pool of banks involving Standard
Chartered, DZ Bank AG, and ING Bank. ICIEC provides 95% insurance
cover through its Non-Honouring of Sovereign Financial Obligations
(NHSFO) Policy, supporting a strategic transport infrastructure
project developed by Çanakkale Otoyol ve Köprüsü İnşaat Yatırım ve
İşletme A.Ş.


The Kınalı–Malkara Motorway forms a key segment of Türkiye’s
wider Kınalı–Tekirdağ–Çanakkale–Savaştepe Motorway corridor. Once
completed, the project is expected to reduce travel times, improve
journey reliability, lower transport costs, and strengthen
connectivity across the Thrace region and beyond. The motorway is
also expected to support regional economic development by improving
the movement of goods and people, enhancing industrial and
agricultural logistics, attracting investment, and creating
employment opportunities across transportation, logistics,
construction, tourism, and related sectors. By diverting traffic
from existing roads and populated areas, the project will also help
reduce congestion and improve road safety.







Commenting on the transaction, Dr. Khalid Khalafalla, Chief
Executive Officer of ICIEC, said: “Strategic transport
infrastructure is a catalyst for economic transformation. Through
this transaction, ICIEC is helping unlock long-term financing for a
project that will strengthen regional connectivity, facilitate
trade, improve logistics efficiency, and create new opportunities
for businesses and communities across Türkiye. We are proud to
support an initiative that not only enhances mobility but also
contributes to sustainable economic development and regional
competitiveness. The signing of this agreement during the IsDB
Group Annual Meetings in Baku further underscores the value of
partnership in delivering tangible development outcomes."