Gaziantep City Hospital will be implemented with a Public Private Partnership model involving Meridiam, the world's biggest global investor and asset manager in its field, Samsung C&T, one of the world leaders in technology and innovative healthcare solutions, Rönesans, the 24th largest contracting company in the world and the 8th largest in Europe, and Istanbul Asset Management, the largest independent asset management company with domestic capital in Turkey. This project will represent the most extensive healthcare campus in the Southeastern Anatolia Region.
Gaziantep City Hospital, which represents Meridiam's most recent large-scale investment in Turkey, will be the group's fifth hospital investment in Turkey. Meridiam specializes in developing, financing, and the long-term management of sustainable public infrastructure while delivering critical public services, sustainable mobility, and innovative low-carbon solutions. Meridiam currently manages projects worth 18 billion USD and has implemented over 100 projects worldwide.
Rönesans Sağlık Yatırım, which has a leading role in renewing Turkey's health infrastructure, will boast six hospitals with a bed capacity of 8,975 in a closed area of 3.2 million square meters when the Gaziantep City Hospital project is completed. With this project, Rönesans Sağlık Yatırım will have realized a total investment of 3 billion Euros in healthcare together with its business partners. As a result, the total investments made by Rönesans Holding in Turkey, together with its partners, will have reached 5.7 billion Euros, including the projects implemented by Rönesans Sağlık Yatırım. Rönesans operates over a vast area, including Europe, Turkey, Central Asia, the Middle East, and Africa. According to Engineering News Record (ENR), with construction, real estate, health, and energy companies and investments established in 30 countries, Rönesans is the 24th largest contracting company worldwide and the 8th largest in Europe. Rönesans aims to continue its investments in health and other social reinforcement projects worldwide. In addition, Rönesans will further contribute to Turkey's development by making 4 billion Euros in new investments over the next five years, reaching a total investment of 10 billion Euros.
Samsung C&T Corporation, which has completed a total of 1200 projects in more than 30 countries worldwide, continues its investments in Turkey with the Gaziantep City Hospital Project. Contributing heavily to Turkey's economy with its investments in technology, transportation, energy, and health since 2012, Samsung C&T Corporation has taken a leading role in the country's development, especially when it comes to Far Eastern investors, providing financing solutions and innovative engineering applications. In addition to constructing 32 projects globally with a total value of 26 billion USD, Samsung C&T Corporation currently aims to continue its investment and construction activities in Turkey.
The ceremony celebrating the commencement of construction of Gaziantep City Hospital was attended by Gaziantep Governor Davut Gül, Gaziantep Deputy and Former Minister of Justice Abdülhamit Gül, Gaziantep Metropolitan Municipality Mayor Fatma Şahin, Meridiam CEO Thierry Deau, Samsung C&T Vice President Jung Wook Kim, Rönesans Holding President Dr. Erman Ilıcak as well as many other distinguished guests.
In his speech, Rönesans Holding President Dr. Erman Ilıcak said, “We will put an end to the unfortunate process regarding the unfinished Gaziantep City Hospital project and start a new page. Over the last ten years, only 35-40 percent of the construction of Gaziantep City Hospital could be completed due to disagreements between the previous parties and bankruptcies.” Emphasizing that after they had taken over the unfinished Gaziantep City Hospital project, they had managed the financing well and maintained advantageous loans from abroad, Dr. Ilıcak stated, "Let's make a promise right now to complete this health campus in June 2023. We have worked on the project for about one year with our outstanding teams. We have made all our plans. We signed our contract in August 2022 and took over the shares. We are here today with all of the problems solved. We have only 8-9 months to finish. A great deal of effort has been made to ensure that the region's people receive this service as soon as possible. Thank you to everyone for their incredible support.”
Dr. Ilıcak announced that a 51 percent share in Gaziantep City Hospital now belongs to MR (The Meridiam, Rönesans Yatırım Sağlık joint venture), while a 49 percent share belongs to Samsung and the other remaining partners. In addition to highlighting that a 50 million Euros investment in medical equipment will be made for the Gaziantep City Hospital project, Dr. Ilıcak pointed out that approximately 36 million people had been treated in hospitals implemented by Rönesans Sağlık Yatırım so far after a total investment of 3 billion Euros.
"We will write a success story for Gaziantep and Turkey”
During his speech at the ceremony, Samsung C&T Vice President Jung Wook Kim said, "Today is an important day for us. We are here for an extraordinary project in front of a great community. We have had our share of ups and downs with this project in the past. However, we are now extremely excited to be working with Rönesans, the country's top healthcare investor. In addition, we are happy to work with a global company like Meridiam. With our new partners, Rönesans and Meridiam, we are confident that we will successfully complete this important project. Together we will write a success story for Gaziantep and Turkey.”
Meridiam CEO Thierry Deau emphasized that the leadership of the Ministry of Health has been crucial in the investments that started 10-12 years ago to ensure that the specific needs of Turkey's healthcare infrastructure are met. Mr. Deau stated they had formed an efficient partnership with Rönesans to complete the Gaziantep City Hospital project. Mr. Deau continued by saying that this new hospital, which is essential for the historical city of Gaziantep, will provide new employment to the region. Announcing that they will utilize the latest technology, Mr. Deau said they would make every effort possible to finish the project early. He concluded by thanking everyone who contributed to the project from the beginning.
Gaziantep Governor Davut Gül stated, "It will be extremely beneficial to the region when Turkey's fourth largest city hospital is completed in Gaziantep. With this hospital, Gaziantep will reach a bed capacity of 3,500, and we will achieve our goal of being a healthy city and the region's center in terms of healthcare. We are tremendously fortunate; it is reassuring to know that Rönesans and its partners have fulfilled their promises in the past years with great success. We trust Dr. Ilıcak and the whole team."
It will employ 6,000 people
Gaziantep City Hospital complex includes seven buildings: the General Hospital (332 beds), the Cardiology-Oncology Hospital (401 beds), the General Hospital and Psychiatric Hospital (400 beds), the Gynecology, Obstetrics and Children's Hospital (459 beds), the High-Security Forensic Psychiatric Hospital (100 beds), the Physical Therapy and Rehabilitation Hospital(150 beds), and the Provincial Health Directorate Building.
In addition, Gaziantep City Hospital has a 199-bed intensive care unit and a 60-bed Newborn Care Unit with a total daily capacity of 18 thousand patients, including 2,000 emergency patients. It is expected that 40 thousand people will visit the Gaziantep City Hospital complex on average each day, providing permanent employment to approximately 6 thousand people, including 3 thousand health personnel. In addition, Gaziantep City Hospital will serve about 9 million people from the surrounding provinces.
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