Every year, the American construction magazine Engineering News Record (ENR) publishes a top list of the 250 largest international development companies in the world. The rating is based on the income of construction companies both at home and abroad. At the end of 2019, 17 Turkish developers entered the top twenty of the list published by ENR! Which Turkish companies made it into the Top 10 of the world ranking, overtaking the leaders of the past years - companies from China, the USA and Europe?
Rönesans Holding (Ankara), 4th place
The Renaissance international construction holding was founded in 1993 in Russia (St. Petersburg). Today Rönesans Holding is the general investor and contractor of large healthcare and industrial facilities in 28 countries. The main activities of the company are construction and development, energy engineering, and design. As of the end of 2019, Rönesans Holding is about to enter the top ten world's largest construction companies. Currently, the company is focusing on the development of healthcare facilities in Turkey.
The company's plans for 2020 (some of them have already been completed) are the construction of healthcare facilities in Turkey: with a total area of 3200 hectares and a capacity of 9200 beds. The company pays special attention to the seismic safety of its projects. Recently, the city hospital, built by Rönesans Holding in Elazig, successfully withstood a 6.8-magnitude earthquake.
Alarko Holding (Istanbul), 5th place in the world ranking
Founded in 1954, it is one of the oldest construction companies in Turkey. The Alarko holding includes 24 subsidiaries (including an international one). The main areas of activity are construction and development, energy engineering, production of pumping and air conditioning equipment, design and construction of cinemas, night clubs and hotels. The company's plans for 2020 are a number of large development projects in different parts of Turkey. The projects the company is working on now include dams, sewage treatment plants, a resort complex (a seaside hotel and recreation facilities), coal and solar power plants, Istanbul metro facilities, shopping centres and many others.
Limak Holding (Ankara), 6th place in the world ranking
Founded in 1976 in Ankara, the Limak construction company has grown into a large holding, which has built the new Istanbul Airport (the largest in the world), the Sabiha Gokcen International Airport, the largest dam in Europe and other large-scale objects in dozens of countries. The main activities of the holding are construction, cement production, energy engineering and tourism. The largest projects of the holding to be implemented in 2020 in Turkey include the construction of the longest suspension bridge in the world (Canakkale), the construction of the 275-meter Yusufeli dam (the third largest in the world!) and dozens of other objects.
Kolin İnşaat(Ankara), 7th place in the world ranking
From a small, family-owned business founded in 1977 by the brothers Kologlu, Kolin İnşaat has grown into a large international construction company. Today the developer employs over 3,500 people including 750 foreign specialists. Among the implemented projects of Kolin İnşaat are highways and railways, metro, ports, residential development projects, industrial facilities, dams. Plans for 2020 are to continue working on projects in Ankara, Istanbul, Izmir, Canakkale, Konya, Bursa, Eskisehir, Adana and other Turkish cities and provinces.
TAV Havalimanları Holding (Istanbul), 8th place in the world ranking
Founded in 1997, the company specializes in design, construction and maintenance of airports in different countries (USA, African countries, Europe, Russia). In total, the company has already built 91 airports in 28 countries and operates 14 airports in seven countries. The holding's projects implemented in Turkey include the Ataturk Airport in Istanbul, the Esenboga Airport in Ankara, the Adnan Menderes Airport in Izmir, the Gazipasa Airport in Alanya, the Antalya International Airport. The company's plans for 2020 are the reconstruction of the Antalya Airport, as well as the development of a new online platform for young entrepreneurs in Turkey working in the field of travel and aviation. The platform's mission is to discuss and develop technologies for the airports of the future.
Cengiz inşaat (Istanbul), 9th place in the world ranking
The construction company is part of the Turkish holding (Cengiz Holding), founded in 1980, which focuses the construction, energy engineering, tourism and mining sectors in Turkey. Among the implemented Cengiz inşaat's projects are airports, dams and transport tunnels, yacht marinas (for example, in Alanya), thousands of kilometers of highways and hundreds of other related projects. The company's plans for 2020 include the construction of the Akkuyu hydroelectric power station in Mersin, the construction of a metro line in Istanbul, the completion of the dam and hydroelectric power plant project in Mardin, the construction of an airport in Artvin (Rize) and a couple of dozen other large-scale projects.
Gap İnşaat (Istanbul), 10th place in the world ranking
objects of urban infrastructure, the renovation of city blocks, roads and transport junctions, ports, cultural, healthcare and social facilities. In 2020, GAP Insaat is going to reconstruct Beyoglu, a popular district in Istanbul. The project developed by Gap İnşaat won a prestigious award in Europe in 2018 in the "Best Urban Renovation Project" category. The project will transform the Tarlabasi slums of Istanbul into modern neighbourhoods.
Why are Turkish developers so successful? Turkey's development companies offer high quality of their projects and ensuring reasonable prices (it is profitable to invest in real estate in Turkey, as property prices are steadily growing). In addition, Turks are good at building a cultural dialogue with buyers and investors. A large share of Turkey's projects are developed internationally.