What RAMS GLOBAL does

RAMS Global is a privately held, family-controlled diversified conglomerate founded in 1988 by Ramazan Bülbül in Gaziantep, Türkiye, with operational headquarters in Istanbul (Sarıyer) and a primary regional hub in Almaty, Kazakhstan. The group operates across seven sectors — Real Estate and Development, Tourism, Healthcare, Mining, Food and Beverage, Co-Working Spaces, and Furniture — in 6 countries and 11 cities (Kazakhstan, Türkiye, Thailand, Dubai, Germany, Iraq) with 25,000+ employees and 100+ completed projects totaling 6+ million sqm of construction. Core real estate products include large-scale residential and mixed-use developments (e.g., RAMS Park House Maslak with 3,000 residences on a 409,000 sqm site, RAMS City Haliç with 1,772 apartments, RAMS Denizkent with 5,000 apartments), branded luxury residences through the 2024 ETRO partnership (ETRO Residences Istanbul, 471 units), tourism assets (La Green Hotel & Residence in Phuket with 1,000 units; RAMS Exclusive Villas Bodrum), and integrated healthcare facilities (LIV Hospital in Gaziantep with 258 beds and robotic surgery technology, plus Helmir hospitals in Almaty). The company employs modern engineering practices and partners with architects such as Dome+Partners and RDM Design, supported by a sports-marketing GTM (RAMS Park stadium naming rights for Galatasaray, Fenerbahçe Beko jersey sponsorship, Burak Özçivit ambassador deal).

RAMS generates revenue primarily through one-time residential and commercial property sales, with diversified secondary streams from hospitality operations, healthcare services, mining (aluminum/zinc/copper since 2022), F&B (acquired BigChefs brand), subscription-based co-working (HAN Spaces Ataşehir), and licensing/royalty arrangements tied to the ETRO branded-residences partnership. Customer segments are predominantly mass-market and mid-market homebuyers across Türkiye and Kazakhstan, with a luxury buyer overlay for ETRO Residences and Bodrum villas, plus B2C exposure to hospital patients, hotel guests, restaurant patrons, and co-working tenants. Distribution is direct-to-consumer through company-owned sales offices with promotional financing campaigns (0% interest, 48-60 month plans, down payments starting from 3.9 million TL).

Strategic positioning emphasizes the "All-In-One Living Concept" — master-planned communities integrating residential, retail, social amenities, and increasingly adjacent services — combined with cross-border scale, luxury brand partnerships, and aggressive sports sponsorships to drive top-of-funnel demand. The Bülbül family retains primary ownership and executive control (Ramazan Bülbül as Honorary President, Doğan Bülbül as Chairman, Faruk Bülbül as CEO, Devran Bülbül leading RAMS Türkiye). Recent strategic capital deployment includes the December 2025 minority investment in Italian luxury house ETRO (~$70M round alongside L Catterton, Swinger International, and SRI Group), with CEO Faruk Bülbül slated to chair the ETRO board.

Name

RAMS GLOBAL

Legal name

RAMS Global

Website

https://rams-global.com

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

RAMS Global is a privately held, family-controlled diversified conglomerate operating across real estate, tourism, healthcare, mining, F&B, co-working, and furniture in 6 countries with 25,000+ employees and 6M+ sqm of completed construction. It primarily serves mass-market and luxury homebuyers across Türkiye and Kazakhstan via large-scale residential developments and ETRO branded residences.

Ownership category

akta.pro rank

Product category

Real Estate Development

SIC

General Bldg Contractors - Residential Bldgs (1520)

akta.pro primary industry

Residential General Contracting (New Build) (IMAFAAAB)

Keywords

• Real estate development
• Luxury residential construction
• Mixed-use property development
• Hospitality and tourism
• Construction and infrastructure

Headquarters

HQ city

Sariyer

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Real Estate Development and Sales: RAMS Global develops and sells residential and commercial properties across Kazakhstan, Türkiye, Thailand, Dubai, Germany, and Iraq. Revenue is generated from the sale of residential units, villas, and commercial spaces. Projects include RAMS City Haliç (1,772 flats), RAMS Denizkent (5,000 flats), ETRO Residences Istanbul (471 units), and international developments.
2. Tourism and Hospitality: The company operates tourism assets including RAMS Exclusive Villas Bodrum (7 mansions, 17 villas with private pools) and La Green Hotel & Residence in Phuket (1,000 units). Revenue is generated through property sales and hospitality services.
3. Healthcare Services: LIV Hospital in Gaziantep and Helmir Hospital and Helmir Mother & Child Hospital in Almaty operate as healthcare facilities. The hospitals are equipped with robotic surgical technology and provide general treatment, ICU, and specialized care.
4. Mining Operations: RAMS Global entered the mining sector in 2022, focusing on aluminum, zinc, and copper extraction with environmentally friendly approaches and modern technology.
5. Food and Beverage: RAMS Global acquired BigChefs restaurant brand and operates food and beverage establishments, contributing to urban social and cultural life.
6. Co-Working Spaces: HAN Spaces Ataşehir provides hybrid and flex office solutions combining physical and digital components, targeting post-pandemic workspace needs.
7. ETRO Partnership and Fashion/Lifestyle Branding: Following the 2024 ETRO partnership, RAMS Global participates in the luxury fashion brand's global growth, with ETRO Residences Istanbul as the inaugural branded real estate project under this collaboration.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels8 records

Core offering

RAMS Global is a diversified conglomerate that primarily develops, constructs, and sells residential and commercial real estate projects across 6 countries (Kazakhstan, Türkiye, Thailand, Dubai, Germany, and Iraq). The company operates across 7 sectors — real estate and development, tourism, healthcare, mining, food and beverage, co-working spaces, and furniture — with flagship offerings including mixed-use developments, branded luxury residences, hospitals, hotels, villas, mining operations, restaurants, and co-working offices.

Product overview

RAMS GLOBAL is a diversified real estate development and investment company operating across 7 sectors: Real Estate and Development, Tourism, Health, Mining, Food and Beverage, Co-Working Spaces, and Furniture. The company operates in 11 cities across 6 countries (Kazakhstan, Turkey, Thailand, Dubai, Germany, Iraq) with over 100 projects spanning residential complexes (RAMS Signature, RAMS Evo, RAMS City, RAMS Garden, ETRO Residences Istanbul), hospitality (La Green Park Hotel & Residence, RAMS Exclusive Villas Bodrum), healthcare (LIV Hospital, Helmir Hospitals), commercial spaces (HAN Spaces co-working), retail (BigChefs restaurants, Florya Home furniture), and mining (aluminum, zinc, copper). The flagship luxury branded residences partnership with ETRO represents a unique fashion-real estate collaboration.

Differentiator

Problem solved

Functional benefit

Brands

• LIV Hospital: Healthcare facilities in Gaziantep, Turkey
• Helmir Hospital
• BigChefs
• HAN Spaces
• Florya Home
• ETRO Residences Istanbul

Products and services

• ETRO Residences Istanbul Branded luxury residences in Istanbul's Maslak district featuring ETRO's iconic interior design with paisley motif. Includes infinity pool, helipad, Michelin-starred restaurant, concierge services, and direct metro access.
• RAMS Park House Maslak Large-scale urban regeneration project in Istanbul's Maslak district; 3,000 residences across 10 blocks on 409,000 sqm; features All In One living concept with retail area, pools, fitness center, and co-working spaces.
• RAMS Signature Premium living environment targeting those seeking to transcend conventional boundaries; 496 apartments; 80,000 sqm project area; located in Kazakhstan.
• RAMS Evo Luxury residential project in Almaty region with sleek modern architecture; 3,966 apartments; 148,295 sqm; completion expected 2026.
• RAMS City Haliç Residential complex in Istanbul featuring Golden Horn views; 1,772 apartments; 71,034 sqm; completion targeted 2026.
• RAMS City Kazakhstan Large-scale residential development in Kazakhstan; 2,645 apartments; 600,121 sqm; first stage completed.
• RAMS Garden Kazakhstan First residential complex in new 'All In One' format; 643 apartments; 87,021 sqm; innovative concept combining nature and urban life with private pond.
• RAMS Garden Bahçelievler Nature-focused residential project in Istanbul; 796 apartments; 74,500 sqm; designed for those seeking escape from city noise.
• RAMS Denizkent Luxury development in Bayramoglu area; 5,000 apartments; 298,842 sqm on 300,000 sqm land; completion expected 2027.
• RAMS Magdeburg All-in-one concept project in Magdeburg, Germany; 257,000 sqm land; 440,000 sqm mixed-use area; integrated with nature.
• La Green Park Hotel & Residence Luxury hotel and residence in Phuket, Thailand; 1,000 units; 65,000 sqm; two-phase project combining luxury and comfort.
• RAMS Exclusive Villas Bodrum Luxury villa project in Gümüşlük, Bodrum; 7 mansions and 17 villas; each with private pool and garden.
• LIV Hospital Gaziantep 258-bed hospital; 93 intensive care beds; 9 operating rooms with robotic technology; regional healthcare hub.
• Helmir Hospital Almaty Hospital facility in Almaty, Kazakhstan; part of RAMS Global's healthcare investments.
• Helmir Mother & Kids Hospital Mother and child hospital in Almaty, Kazakhstan; specialized healthcare services.
• HAN Spaces Ataşehir Hybrid and flex office spaces; new-generation shared offices combining physical and digital components; bridging traditional office and flexible work.
• BigChefs Restaurants Restaurant chain known for pioneering positions and unique flavors; acquired by RAMS Global to strengthen food and beverage sector.
• Florya Home Almaty's largest furniture store; 5,000 sqm; supports furniture sector investments.
• Mining Operations (Aluminum, Zinc, Copper) Mining extraction operations for aluminum, zinc, and copper; modern technology and environmentally friendly approaches.

Quantifiable outcome

• RAMS Qazaqstan ranked 2nd among construction companies in Kazakhstan by total volume of residential square meters commissioned in 2023, with 625,000 sqm of 17.8 million sqm national total.
• +3 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core, flagship and minor.

• Fenerbahçe Beko (Basketball)coreGTM or Marketing Partner · 1 October 2025RAMS Global signed a sponsorship agreement with Fenerbahçe Beko Men's Basketball Team for the 2025-2026 season. RAMS logo appears on jersey backs for EuroLeague matches and jersey fronts for Turkish Basketball Super League. Additionally sponsors Fenerbahçe Koleji Men's Basketball Team (renamed 'Fenerbahçe Koleji RAMS Erkek Basketbol Takımı').
• Dome+Partners (Architect)coreTechnology or Integration · 1 March 2025Dome+Partners is the architect of ETRO Residences Istanbul, the flagship branded residence project combining ETRO's design heritage with RAMS Global's real estate expertise. The project won the 'Best Mixed Use Development' award at the International Property Awards 2023-2024.
• Burak Özçivit (Brand Ambassador)coreGTM or Marketing Partner · 1 March 2025Turkish actor Burak Özçivit serves as a brand ambassador for RAMS Global, representing the Pavilion by RAMS project in Northern Iraq (Erbil) and RAMS Beyond Almaty in Kazakhstan. The partnership is framed as 'Building the Future Together' with the ambassador sharing project excitement publicly.
• ETRO (Italian Luxury Fashion House)flagshipStrategic or Co-development Partner · 1 October 2024RAMS Global entered into a strategic partnership with Italian luxury fashion house ETRO, marking ETRO's first global venture into real estate. The 20+20 year collaboration was launched at ETRO's headquarters in Milan. The inaugural project is ETRO Residences Istanbul (also called RAMS Beyond Istanbul) in Maslak, featuring ETRO's iconic Paisley motif in interior design. RAMS CEO Faruk Bülbül is planned to assume the role of Chairman of the Board of ETRO. RAMS, together with Swinger International and SRI Group, participated in the minority share transfer of ETRO in agreement with majority shareholder L Catterton.
• Oniro GroupcoreStrategic or Co-development Partner · 1 October 2024Oniro Group, led by Chairman & CEO Moreno Brambilla, contributed to the realization of the ETRO Residences project. Oniro Group facilitated the ETRO-RAMS Global partnership and describes it as a new chapter in branded residences expansion strategy, bringing together ETRO (Italian fashion), RAMS Global (real estate), and Oniro Group (brand development).
• Galatasaray Sports ClubflagshipGTM or Marketing Partner · 1 January 2024RAMS Global has a multi-faceted partnership with Galatasaray, including stadium naming rights (RAMS Park), championship celebration events at ETRO Residences Istanbul, and player visits to RAMS Park House Maslak. Galatasaray President Dursun Özbek has publicly endorsed the collaboration. RAMS Park is the named sanctuary of Galatasaray Football Team.
• BigChefsminorOEM/ Whitelabel/ Licensing Partner · 1 January 2022RAMS Global acquired the BigChefs restaurant brand, expanding into the food and beverage sector. BigChefs operates at Dostyk location (Kazakhstan) and is known for its unique flavors and pioneering positioning in its markets.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Aldar Properties: Leading Abu Dhabi real estate developer with diversified residential, commercial, and mixed-use projects. Comparable to RAMS as a master-planned community developer with a focus on integrated living concepts.
• DAMAC Properties: Dubai-based luxury real estate developer with a strong branded-residences playbook (e.g., DAMAC Hills, partnerships with fashion/luxury brands including Versace, Fendi). Closest analog to RAMS's ETRO partnership and luxury positioning.
• Majid Al Futtaim: UAE-based conglomerate operating shopping malls, hotels, and mixed-use real estate across the Middle East and North Africa. Comparable as a diversified developer-operator with integrated retail, hospitality, and residential portfolios.
• EMAAR Properties: One of the largest real estate developers in the Middle East/globally, with a diversified conglomerate model (real estate, hospitality, retail, malls). Comparable to RAMS as a global, multi-sector developer with master-planned communities and branded residences.

Direct peers

• Kalyon Group: Turkish conglomerate active in construction, infrastructure, energy, and concessions. Comparable to RAMS as a large, diversified Turkish group with major project execution capabilities.
• Nurol Holding: Turkish conglomerate active in construction, real estate, defense, and infrastructure. Comparable to RAMS as a privately held Turkish family/group with construction and real estate as core verticals.
• Ant Yapı: Large Turkish construction and real estate development group with international projects in Russia, CIS, and the Middle East. Directly comparable to RAMS in scale, Turkish origin, and Central Asian / CIS exposure.
• BI Group (Kazakhstan): Kazakhstan's largest construction and development company, building residential, commercial, and mixed-use projects. Directly comparable to RAMS Qazaqstan as a leading Central Asian residential developer with multi-thousand-unit projects.
• Rönesans Holding: Major Turkish conglomerate with construction, real estate, energy, and healthcare operations. Comparable as a diversified Turkish group with international project execution and a similar multi-sector portfolio structure.

Regional players

• Kaspi KZ (Halyk / real estate adjacents): Kazakhstan's dominant consumer finance and digital platform with adjacent home/mortgage operations. Comparable as a large Kazakhstan-based player with deep penetration of the residential buyer market alongside RAMS Qazaqstan.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/RamsGlobal
• Facebookfacebook.com/RamsGlobal
• LinkedInlinkedin.com/company/ramsglobal

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about RAMS GLOBAL