Turkish company to invest nearly $286 million to build two multi-regional hospitals in Kazakhstan

NUR-SULTAN – Turkish YDA Holding company will invest 110 billion tenge (US$286.24 million) in the construction and equipment of two medical facilities in Petropavlovsk and Turkestan. The construction is to be completed by 2022.

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North Kazakhstan Region Akim (Governor) Kumar Aksakalov and YDA Company Holding Chair Arslan Hussein. Photo credit: primeminister.kz.

North Kazakhstan Region Akim (Governor) Kumar Aksakalov and YDA Company Holding Chair Arslan Hussein signed June 12 a document on the construction of a multi-regional hospital for 500 beds with a consultative and diagnostic centre in Petropavlovsk. The hospital complex will replace seven older, single-disease facilities.
Another multi-type hospital will be built in Turkestan. Turkish company chair, Turkestan Region Akim Umirzak Shukeyev and BI Holding CEO Aidyn Rakhimbayev signed a document on the cooperation in the construction of a multi-type regional centre for 610 beds. The hospital plans to open oncology and cardiology departments, a perinatal centre and an ambulance station, among other facilities.
Hussein said Kazakhstan has a favourable investment climate and all conditions to realise the projects.

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The projects closely align with regional long-term health infrastructure development plans. The projects will be built as part of Aleumettіk Qamqorlyq (Social Care) national programme and in line with the instructions given by Kazakh President Kassym-Jomart Tokayev.
The projects will update the country’s healthcare infrastructure, meet domestic demand, improve the quality and availability of medical services and create centres for medical tourism.

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Founded in 1954, YDA Group has grown into one of the leading conglomerates in Turkey. It holds construction and contracting companies, such as AKSA Construction and YDA Construction.
YDA Group has had projects in Kazakhstan, Ukraine, the United Arab Emirates, Russia, Saudi Arabia, Afghanistan and Moldova since 2000s.
It has experience in build-operate-transfer and public private partnership infrastructure projects, particularly for city hospitals, in Turkey and abroad in addition to its real estate investment projects.



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