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Turkish contractors secure 2nd place in global construction rankings

Turkish contractors have undertaken projects worth some $8.93 billion in first 7 months of 2023. (IHA Photo)
Turkish contractors have undertaken projects worth some $8.93 billion in first 7 months of 2023. (IHA Photo)
September 19, 2024 04:44 PM GMT+03:00

Turkish contractors have maintained their position as the second-largest group on the "World's Top 250 International Contractors" list, according to Engineering News-Record (ENR) for 2024.

This year, 43 firms from Türkiye were included, reflecting the country's strong presence in the global construction market despite various challenges.

Turkish company's work in Ukraine amid the ongoing conflict. (Photos via Onur Group)
Turkish company's work in Ukraine amid the ongoing conflict. (Photos via Onur Group)

Turkish construction firms expand market reaching 137 countries in 2024

Türkiye's contractors continue to be key players in the global construction industry. M. Erdal Eren, President of the Turkish Contractors Association (TMB), emphasized the sector's achievements: “Despite the ongoing war, Russia remained our largest market in 2023. We are also actively preparing to take part in Ukraine’s post-war reconstruction.” Eren highlighted their efforts to expand activities in markets like Saudi Arabia, Iraq, Algeria, Poland, Romania, and Sub-Saharan African countries. The number of countries where Turkish contractors are active has increased to 137 in 2024, with the addition of Portugal.

Turkish contractors overcoming global challenges with proactive strategies

The global construction market, valued at $499.7 billion in 2023, has been affected by inflation, regional conflicts, and supply chain disruptions. To manage these risks, contractors have taken proactive steps to diversify their operations and support key market investments.

“Turkish contractors, who celebrated the 100th anniversary of our Republic by completing over 12,000 projects in 136 countries in 2023, have shown exceptional resilience,” Eren stated. Six Turkish firms made it into the top 100 construction rankings, with one ranked among the top 50.

Turkish company working in Ukraine. The workers load what is left of a burned vehicle with a crane. (Photos via Onur Group)
Turkish company working in Ukraine. The workers load what is left of a burned vehicle with a crane. (Photos via Onur Group)

Turkish firms in ENR's top 250 international contractors 2024

No

2024 Rank

2023 Rank

Company

1

48

50

Limak

2

53

53

Ronesans

3

54

58

Enka

4

58

66

Yapi Merkezi

5

66

81

Ant Yapi

6

81

84

Esta

7

104

112

Cengiz

8

105

117

Gulermak

9

106

115

Aslan Yapi

10

108

110

Calik Enerji

11

113

114

Tav

12

115

121

Kuzu

13

117

107

Nurol

14

121

144

Tekfen

15

144

159

Metag

16

145

141

Eser

17

151

188

Kolin

18

155

223

Polat Yol

19

156

127

Bayburt Grup

20

162

163

Ilk

21

163

206

Alarko

22

170

183

Sembol

23

173

190

Yenigun

24

176

153

Gap

25

178

177

Onur

26

181

154

Mbd

27

185

198

Dekinsan

28

188

196

Yuksel

29

190

195

Ustay

30

199

123

Duygu

31

202

201

Summa

32

204

151

Tepe

33

206

201

Iris

34

209

151

Mapa

35

211

208

Stea

36

219

164

Makyol

37

222

221

Smk

38

224

217

Nata

39

225

210

Ic Ictas

40

227

249

Dorce

41

229

225

Feka

42

234

234

Zafer

43

246

247

Dogus

Sustainable construction projects pave way in international market

Ronesans Holding's subsidiary Ballast Nedam, one of Europe's largest construction firms, is making significant contributions to sustainable construction. Their Cartesius project aims to integrate modern urban living with sustainability and well-being, inspired by the Blue Zones.

The company is also working on the A24 Blankenburgverbinding road connection project in Rotterdam, designed to enhance accessibility and support economic growth in the region. Project director Patrick van Os noted, “Our team has demonstrated exceptional technical skills and innovation. We are eager to see the project in use by the end of 2024.”

Turkish contractors are well-positioned to benefit from the recovery of the global construction market, especially in green and sustainable projects. With a focus on innovative solutions and government support, they continue to strengthen their presence in international markets.

September 19, 2024 04:44 PM GMT+03:00
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