Invest International is providing a 45 million euros loan to GZT Healthcare Investment B.V., a Rönesans Holding subsidiary, in connection with the new Gaziantep City Hospital, a public-private partnership in Türkiye. The project comprises of design, construction, facility management and provision of non-medical support services of a part of an integrated healthcare campus in the city of Gaziantep. It will increase regional universal health coverage and access to primary healthcare services.
The public city hospital complex, with 1875 new beds, will serve Gaziantep and surrounding cities in south-central Türkiye. The complex will add much needed healthcare capacity to the region, which was hit by a devastating earthquake on the 6th of February 2023. The earthquake and aftershocks led to more than 50.000 casualties across Türkiye and Syria, with thousands still missing and with 15 hospitals significantly damaged.
The new 640.000 m² complex consists of 5 buildings:
Leading Dutch health technology company Royal Philips will also supply high-grade medical equipment to the hospital complex.
The public city hospital complex, with 1875 new beds, will serve Gaziantep and surrounding cities in south-central Türkiye. The complex will add much needed healthcare capacity to the region, which was hit by a devastating earthquake on the 6th of February 2023.
In the short term, the impact of the earthquake and aftershocks will likely pivot the regional health planning to focus on emergency and psychological care. In the long term, the hospital will increase universal health coverage and access to quality essential healthcare services.
The project looks to the future too. There is current and future high population growth in the region, partly due to the large influx of Syrian refugees in recent years. The project is to become one of the major providers of healthcare that accounts for that population growth.
Collectively the project will contribute towards SDG 3 (Good Health and Well-being).
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Image: render of interior new Gaziantep City Hospital.
CEO of Invest International Joost Oorthuizen: “‘We’re proud to be part of the financing solution of this public-private partnership with Rönesans and the Türkiye Ministry of Health to deliver this new hospital complex. The hospital will help to restore, and increase, bed capacity lost to damage from the recent earthquake. Beyond that, it will contribute to improved access to primary healthcare services. Ensuring sustainable and universal access to health care remains of critical importance, even more so in the aftermath of the earthquake, and to meeting the SDGs by 2030. This project contributes to that and we want to ensure Rönesans can deliver the project to help restore that essential healthcare access for everyone in the earthquake affected region.”
Picture made during the signing of the transaction with Rönesans Holding, Invest International’s CEO Joost Oorthuizen ringing the bell together with Investment Manager Decio Tractenberg.
İpek Ilıcak Kayaalp, Chairperson of Board of Ronesans Holding emphasises: “At Rönesans Healthcare Investment, we have successfully combined the contracting and investment experience of Rönesans Group within our organization since 2012, allowing us to execute some of the most important large-scale healthcare projects in Türkiye. As a leading investor in the healthcare sector, we take immense pride in delivering high-quality services in all our projects. For example, the city hospital projects built in the past by Rönesans in the region affected by the February 6th earthquakes have all remained fully intact and operational throughout the disaster, representing optimal earthquake safety in Türkiye and providing essential medical services to 7,500 earthquake victims.”
“It is undoubtedly a remarkable achievement that our subsidiary, GZT Healthcare Investment B.V., has secured EUR 45 million in financing from Invest International Capital for the new Gaziantep City Hospital project. With its 1,875 beds, the Gaziantep City Hospital will significantly increase the bed capacity in the affected region in the aftermath of the earthquake. We plan to inaugurate the hospital as soon as possible. At Rönesans Healthcare Investment, we continuously develop new projects with the Public Private Partnership (PPP) model to expand our healthcare investments in Turkey and abroad while establishing collaborations with international funds and companies.”
Rönesans is a world-leading project development and construction group, building for a better society. Primarily in Türkiye and the Netherlands, but also in other European countries, CIS countries, the Far East, and the Caribbean. Its headquarters are in Ankara, Türkiye, and the company operates in 30 countries worldwide, including the Netherlands.
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Decio Tractenberg
Investment Manager
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