ICD and Partners Sign €40M PPP Deal for Landmark Kokshetau Hospital Project in Kazakhstan

The project marks the first healthcare Public-Private Partnership in Central Asia and aims to set new standards for green healthcare infrastructure and digitalization.

The Islamic Corporation for the Development of the Private Sector (ICD) has entered into a pioneering Public-Private Partnership (PPP) agreement to co-finance the Kokshetau Hospital Project in Kazakhstan with a commitment of €40 million. The project is a first of its kind for ICD’s PPP financing in Kazakhstan and represents Central Asia’s inaugural healthcare PPP initiative. Envisioned as a modern healthcare facility, the hospital will cover an area of 110,000 m² and will provide services to over 730,000 residents in Kokshetau and the surrounding Akmola region.

The total project financing amounts to approximately €365 million, supported by an international consortium including the European Bank for Reconstruction and Development (EBRD), the Asian Infrastructure Investment Bank (AIIB), the German Investment Corporation (DEG), Proparco (a subsidiary of Agence Française de Développement), and the Development Bank of Kazakhstan (DBK). This coalition of partners underscores the strategic importance of the project, which aims to improve healthcare standards and infrastructure across Kazakhstan and serves as a model for future projects in Central Asia.

Digital Innovation and Sustainable Development

Under the PPP agreement, the private partner will be responsible for maintaining the facility and will implement a 24-hour hospital information management system (HIMS), setting a digital benchmark for Kazakhstan’s healthcare sector. The hospital operations will be managed by Turar Healthcare, a state-owned, non-profit entity tasked with delivering high-quality medical services to the community. The HIMS will streamline patient data, scheduling, and treatment management, promoting a digital transformation within the healthcare infrastructure in Kazakhstan.

The hospital’s design also emphasizes sustainability and energy efficiency. The project is aiming for both a “Silver” rating in Leadership in Energy and Environmental Design (LEED) and an EDGE certification, which highlights water and energy conservation. By prioritizing sustainable building practices, the hospital project aligns with international green building standards and aims to minimize environmental impact.

A Strategic Boost for Healthcare Access in Central Asia

The Kokshetau Hospital Project is expected to provide a significant boost to the healthcare capacity and services available to the Akmola region’s residents. Once completed, the facility will serve as a primary healthcare hub, offering advanced medical treatments and contributing to public health improvements in the region. The project’s commitment to sustainable design and digital integration not only enhances patient care but also addresses broader development goals for Kazakhstan’s healthcare system. The project could serve as a model for other regional countries to integrate sustainable and digital approaches into healthcare infrastructure.

This partnership signifies a strong commitment from both public and private sectors to bring transformative, sustainable healthcare to Central Asia. The Kokshetau Hospital Project is positioned to be a catalyst for further PPP healthcare projects in the region, fostering innovative practices and partnerships that could transform healthcare access and quality across Central Asia.