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Turnkey Business
(redirected from Turnkey system)

   Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia 0.01 sec.
Turnkey Business
A new company with a business model that has already been set. Most franchises operate in this way. For example, if one wishes to open a McDonald's franchise, everything from the products to the uniforms has already been determined. One merely needs to put up the appropriate capital and start the business.


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There is no proprietary hardware needed for IM, giving the user the choice of using his own hardware or receiving a turnkey system, including all needed hardware and cables.
Highlighted in the brochure are turnkey systems, silos for product intake and storage, dust-free pneumatic conveying featuring low fines generation, high precision mixer feeding, dosing and weighing, oil and small component systems, and a controls package.
Six awards - based on select criteria assessed by the WIBC Awards Committee - were presented including two individual awards to Ithmaar Bank chairman Khalid Abdulla Janahi and Albaraka Banking Group chairman Shaikh Saleh Kamel, plus four corporate awards to Ernst & Young, Samba Financial Group, International Turnkey Systems Group and Kuwait Finance House-Bahrain (KFH-Bahrain).
 
 
 
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