As of August 2019, 44 Turkish companies are included in the list of the “Top 250 International Contractors of the World” published by the international construction sector magazine ENR (Engineering News-Record) based on the revenues earned from contractors’ activities abroad. Turkey, while maintaining the second place after China ranks first in the list with that number, and the US with 36 firms ranked third.
Turkish construction firms increased their share in the Middle East market from 9.7% to 10.4% in 2018, while its share of the Asian market shrank from 4% to 2.1%. Their shares in the African and European markets remained unchanged at 5.6% and 7% each. 130 projects with a value of $5.6 billion were undertaken abroad between January and July 2019. Up to the first half of 2019, 9.682 projects of a value of $386 billion have been contracted by Turkish companies for services in 124 countries abroad.
The construction market grew modestly by 1% to $477.3 billion annually in 2018 worldwide, while it increased from about $500 billion to $544 billion between 2012 and 2014.
Seven Turkish companies were listed among the top 100 companies on the Engineering News-Record (ENR) list – Ronesans 33rd, Limak 67th, Tekfen 69th, TAV 71st, Yapi Merkezi 77th, Ant Yapi 87th and Enka 92nd.
Here you can read more about the Turkish construction companies which take place in the top 100 construction companies in the world:
- Rönesans Holding: The holding was established in St. Petersburg, Russia, in 1993. Rönesans Holding is active in different fields such as; real estate development, energy, industrial facilities, and healthcare. The holding is actively working in 23 different countries and ranks 33 in the ENR’s list of the world’s largest construction companies. The holding comes in 9th place among the contracting companies in Europe.
- Limak Group: Limak Group was founded in 1976, and since then the group companies have been working in different fields such as; construction, tourism, cement, infrastructure, energy contraction, aviation and food. The construction company has finished more than 100 projects which worth 10 billion dollars. These projects include airports, dams, power plants, industrial facilities, oil and natural pipelines, holiday villages, building complexes. Limak Group is one of the contracting companies of Çanakkale Bridge project.
- Tekfen Holding: The company was established in 1956, and it is an international contractor with significant accomplishments in Turkey, the Middle East, North Africa, Caucasia & Central Asia, East & Central Europe. The company’s activities cover massive civil engineering works, refineries, petrochemical plants, satellite cities, industrial processing plants, pipelines, marine structures, power plants and electrical and communications works.
- TAV Construction: The company is a member of the TAV Group which was established in 1997 by Tepe Group and Akfen Holding. TAV was created to develop Istanbul Atatürk Airport, then in 2003 TAV construction was established, and in a short time, the company realized important projects in airport construction.
- Yapı Merkezi: The company was founded in 1965 for the construction projects. The company is a holding which includes 8 different companies for its various activities. Those activities can be listed as follows: prefabricated buildings, cable-stay systems, heavy lifting, ground anchorage, education, GRP pipes, rail systems, tunnels, bridges, viaducts, industrial and general service buildings, water collection and supply systems, restoration, mass housing and city planning etc.
- Ant Yapı: The company was established in 1991 in Turkey and based in Istanbul. It has offices in Russia, England and America. The companies in the holding is actively working in the following fields; residences, holiday estates, schools, hospitals, rest and recreation facilities and they maintain contracting and project development works for the main company.
- Enka: The company was established in 1957 in Istanbul. The company has completed 124 projects in Turkey, of which total amount $7 billion and another 396 projects with a value of $40 billion in foreign countries. The holding is working in the following areas: health, safety & environment, design & engineering, human resources, quality management, information technologies, machinery & equipment, finance & accounting, legal affairs and security.
Below you can see the full list of Turkish construction companies which are in the ENR’s top 250 construction companies. The primary objective of these companies is to increase the global share of Turkish companies to 7%, which is equivalent to USD 50 billion in business volume per year by the 2030s.