Astaldi and Türkeler win $1bn contract

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Astaldi and Türkeler win $1bn contract

A joint venture between Italian construction group Astaldi and Turkish firm Türkeler has announced that it has won a deal to build and operate one of the largest healthcare facilities in the world.

The $980m contract is for the Etlik Integrated Health Campus in Ankara, Turkey, and the total investment amounts to $1.2bn

Astaldi’s contract involves the construction and operation of a specialised hospital facility that will provide 3,566 beds and occupy an area of 1 million square metres.

The construction of a hotel is also planned, together with a conference centre, commercial areas, a car park offering 11,000 spaces and a range of medical equipment.

The project has been commissioned by the Turkish Ministry of Health, but international and domestic financial institutions have helped to finance the project.

Astaldi will hold a 51% stake in the venture and Türkeler will have a 49% stake.

The signing ceremony was held in Ankara and was attended by the Mehmet Muezzinoglu, the minister of health.

Source and Link: Global Construction Review

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.