Global turkish contractors

By making the top 250 construction list, global Turkish contractors demonstrate their growing excellence and expanding economic gains. Turkish firms’ names appear on the same list as those with high revenues and high-quality services. In this sense, these construction firms are quietly building a reputation for themselves and the Turkish economy.

It is important to note that The Engineering News-Record (ENR), which is widely regarded as the most reputable list publisher in the civil engineering field worldwide, has released a list of the top 250 international contractors. Turkish enterprises account for about a quarter of the list, indicating Turkey’s rapid business and investment expansion.

In the top 100 list, seven Turkish firms have achieved such a high rating. These Turkish firms are Rönesans Holding, Limak Group of Companies, ANT Yapı Industry & Trade Inc., Yapı Merkezi İnşaat ve Sanayi A.Ş., ENKA Insaat ve Sanayi A.Ş., TEKFEN Construction and Installation Co. Inc., and ONUR Taahhut Taşımacılık İnşaat Tic. ve Sanayi.

On the other hand, Turkey was in second place in regards to contractor numbers the previous year but eighth in terms of income this year. To name the other nations that made it to the list, China came out on top, with 74 firms on the list, including 35 from the United States. The top three companies on the list were the Spanish enterprise ACS, the German company Hochtief, and the French company Vinci. They were followed by CCC, a Chinese firm, and Bouygues, a French firm.

Each of the Turkish companies that made it to the list has proved their global quality due to their tremendous success in their supply chain and Turkey’s rapidly rising economy. It is necessary to mention each of these international Turkish contractors and write about their characteristics and business understanding that paved the way for their vast global success and profit.

Rönesans Holding

Rönesans Holding was founded in 1993. Currently, the firm acts as the leading contractor and investor in construction, real estate, health, energy, and petrochemistry throughout a broad geographical region that includes Europe, the Far East, and the Caribbean. The principal operational nations of Rönesans Holding, on the other hand, are Turkey, CIS countries, and the Netherlands.

For the previous 15 years, the firm has been named to Engineering News Record’s list of the “World’s Largest International Contracting Companies” (ENR). Rönesans Holding is the world’s 28^th most extensive international contracting business and Europe’s 9th largest, according to ENR 2021.

Yapı Merkezi İnşaat ve Sanayi A.Ş.

Yapı Merkezi was created in 1965 to ” develop and realize building projects that would assist humanity by creating joyful settings.” Yapı Merkezi achieves projects of global scope and always meets its objectives by providing goods and services on schedule, within budget, and with the excellence that has been required.

Besides, it is essential to note that Yapı Merkezi has been listed in ENR-Engineering News Record’s annual “TOP 250 International Contractors Edition” and was rated 68^th on the 2021 list.

ENKA Insaat ve Sanayi A.Ş.

ENKA was founded in 1957 in Turkey, intending to be one of the best and most innovative engineering & construction companies serving globally. ENKA’s mission is to design, build and deliver safe and cost-effective building projects on schedule for the customers while providing quality employment and career growth opportunities for ENKA Employees.

ENKA’s values guide how they do business. ENKA will not initiate or carry out any project that jeopardizes these ideals. The company believes that by committing to working within ENKA’s objectives, the process will produce better results in the industry.

Being one of the best global Turkish contractors, ENKA was ranked at 70^th place in ENR’s top 250 global contractor list in 2021.

TEKFEN Construction and Installation Co. Inc.

The most excellent method to secure a company’s earnings today and tomorrow is to always assure pleasure to customers and staff. The best approach to ensure this continuity is through a well-informed quality policy. Just like Tekfen has done for the past 58 years.

Having been founded in 1957, Tekfen has been focusing on its operational areas, producing the best quality goods and services, becoming sector leaders, and generating value for all of its stakeholders, including its customers, suppliers, workers, shareholders, and society.

Therefore, Tekfen has proved its quality by being ranked at the 80^th place in ENR’s 2021 list of top contractors globally.

ONUR Taahhüt Taşımacılık İnşaat Tic. ve Sanayi

ONUR Construction Company, a premier construction firm with significant successes in constructing highways, airports, dams, and infrastructure projects, was created in 1981 under the name Çetin İşletmeleri.

The company has completed many large-scale construction projects in Croatia, Ukraine, Tunisia, Moldova, Saudi Arabia, Oman, Equatorial Guinea, and Turkmenistan. It is still operating in several of these countries.

The firm was listed as the 135th – 138th – 158th – 151st – 140th – 147th – 131st among International Contractors in 2013 – 2014 – 2015 – 2016 – 2017 – 2018 – 2019 and 116th in 2020 and eventually made it to the top 100 in 2021 as ranked 92^nd as revealed.

Rönesans Holding

Yapı Merkezi İnşaat ve Sanayi A.Ş.

Besides, it is essential to note that Yapı Merkezi has been listed in ENR-Engineering News Record’s annual “TOP 250 International Contractors Edition” and was rated 68^th on the 2021 list.

ENKA Insaat ve Sanayi A.Ş.

Being one of the best global Turkish contractors, ENKA was ranked at 70^th place in ENR’s top 250 global contractor list in 2021.

TEKFEN Construction and Installation Co. Inc.

Therefore, Tekfen has proved its quality by being ranked at the 80^th place in ENR’s 2021 list of top contractors globally.

ONUR Taahhüt Taşımacılık İnşaat Tic. ve Sanayi

The 2022 results of the “World’s 250 Largest International Contractors List”, published

annually by ENR (Engineering News Record), the globally referenced construction industry

magazine, based on the revenues of contractors from their activities outside their countries

in the previous year, have been announced. After a one‐year break, Turkey rose to second

place in the list with 42 companies. In 2020 and 2021, the contracting companies that made

the ENR lists received their awards,

The Turkish Contractors Association (TCA), 2022 “World’s 250 Largest International

Contractor List” announced the results for Turkey. Accordingly, ENR noted in its bulletin that

the size of the global construction market, which it stated has become increasingly complex

following the Covid‐19 pandemic and the Russia‐Ukraine war, decreased from USD 420

billion to USD 398 billion in 2021.

ENR’s bulletin also pointed to the supply chain crisis that emerged during the pandemic in

the global construction market, which is still not fully resolved, and the negative effects of

the war in Ukraine for some economies, and the difficulty of keeping rising construction costs and risks under control in this context. In general, the bulletin stated that the revenues of the top 250 contractors recovered in 2021.

Turkish firms increase turnover as market shrinks

In the “List of the World’s 250 Largest International Contractors”, China was the leader with

79 companies, while the number of US companies was 41. While the global market

contracted, the increase in the revenues of Turkish contractors also stood out. It was

noteworthy that in 2021, when vaccination in the Covid‐19 pandemic became widespread

and rising oil prices came to the fore, Turkey increased its performance and took back the

second place in the list, which it left to the USA last year.

2 Turkish companies among the top 50

With revenues of USD 20.4 billion, Turkish companies increased their share in the total

revenues of the companies on the list to 5.1% from 4.4% in the previous year. Thus, Turkey

moved up one place to 7th in the 2022 list based on international revenues. With this figure,

Turkey is ahead of the UK, Austria and Japan. According to the international project revenues of contracting companies in 2021, the number of Turkish contractors among the top 100 companies in the list of 2022 was 8. Two Turkish companies found a place among the top 50 companies.

Regionally, Turkish companies’ activities in 2021 were mainly concentrated in Europe

including Russia (USD 8.8 billion), the Middle East (USD 5.6 billion), Africa (USD 3 billion) and

Asia (USD 2.5 billion).

“Turkish contractors succeeded in the global market”

TMB President M. Erdal Eren made the following assessments: “Despite the increasing

problems in the international market, our contractors succeeded despite the difficulties and,

as promised, brought our country’s name back to second place in the league of global

giants. We are proud that 42 of our companies have been included in the ENR list for 2022.

‘Turkish contracting’ has become a brand in the world. Our contractors stand out in the

international construction industry with their ability to perform work at international

standards, on time, and at affordable costs, their work experience in complex and risky

geographies, and their ability to develop cooperation. It is also essential to achieve this

success at a time when problems persist in our traditional markets and our need for financing increases. The increase in our share of the global construction market is also pleasing.

Last year, with the pandemic under control to a certain extent and the increase in oil prices,

we reached a new project size of USD 31 billion abroad, and accordingly, we revised our

annual new project target to USD 30 billion in the short term. However, at the very beginning of 2022, we were shaken by the Russia‐Ukraine war. It is our greatest wish that the human tragedy will come to an end. It is also inevitable that regional business losses will occur due to the war. High oil prices and warming political relations with the Gulf countries may support our sector, while financing sources are needed to compete in the sub‐Saharan African market, which has become the center of attention of the global construction industry.

Our other prominent target is to increase the number of Turkish labor employed in our overseas projects from the current level of 35 thousand to 100 thousand if the necessary regulations are made.”

APPENDIX TABLE:

TURKISH COMPANIES IN ENR’S “LIST OF THE WORLDS 250 LARGEST INTERNATIONAL CONTRACTORS”

NO	Company List	2021 position on the list	2020 position in the list ranking
1	RENAISSANCE	24	28
2	LIMAK	50	56
3	BUILDING CENTER	58	68
4	ENKA	59	70
5	ANT YAPI	62	57
6	TEKFEN	76	80
7	HONOR	82	92
8	ESTA	93	115
9	ALARKO	108	165
10	TAV	110	101
11	SYMBOL	111	133
12	MAPA	114	**
13	ÇALIK ENERGY	117	157
14	ASLAN YAPI	118	125
15	SMILERMAK	120	122
16	LAMB	125	136
17	NUROL	129	102
18	SUMMA	130	203
19	ESER	144	145
20	HIGHER	146	144
21	MAKYOL	151	185
22	FIRST	159	158
23	CENGIZ	161	206
24	KOLIN	162	137
25	METAG	165	188
26	GAP	168	162
27	ÜSTAY	171	198
28	MBD	175	212
29	POLAT ROAD	177	163
30	DEKINSAN	178	168
31	NEW DAY	192	201
32	TEPE CONSTRUCTION	196	183
33	GURBAG	207	181
34	IC İÇTAŞ	208	151
35	FEKA	210	215
36	BAYBURT GROUP	215	**
37	STFA	219	238
38	SMK	223	223
39	NATA	224	205
40	IRIS	231	222
41	VICTORY	242	**
42	BIRTH	243	239