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Turkey approves new law to boost foreign investment in hospitals

Turkey has passed a law opening the doors to private investment in healthcare.

The government says the private healthcare sector is growing, but the lack of a clear regulatory framework has been a barrier to foreign investment.

Under the new law on public-private partnerships (PPP) passed by parliament, the state will rent city hospitals built and run by the private sector for 25 years.

The new rules aim to cut red tape and pave the way for government guarantees for international project financing investments of $279m and above.

Three Turkish hospitals are currently under construction under PPP frameworks, while six are in the contract stage, seven in final bids stage and two are awaiting pre-qualification applications.

The projects are expected to add 28,000 beds to Turkey’s existing 200,000-bed capacity.