Başakşehir Çam & Sakura City Hospital is a public-private partnership among Sojitz Corp. of Japan and Rönesans Holding, the leading Turkish construction-and-investment company. The Multilateral Investment Guarantee Agency (MIGA) helped launch the project by insuring Sojitz’s $144 million equity investment in the hospital for 20 years against breach of contract, restriction on transfer of capital, and expropriation.
The hospital officially opened its door in May 2020. As one of the largest health complexes in the world equipped with 2,682 beds, it is helping Turkey better respond to the COVID-19 pandemic as well as address other public health challenges in the country.