Yet another year, Rönesans ranks among the world’s top contractors

Rönesans Holding ranks 38th on the “ENR (Engineering News Record) Top 250 International Contractors.”

Maintaining stable growth on a global scale, Rönesans is also recognized as the biggest Turkish company on the 2017 list.

Rönesans Holding, a leading contractor in Turkey and across the world, continues to write a sustainable success story both at home and abroad. Since its foundation in 1993, the company has expanded fast in Turkey, Russia and Europe. Thanks to organic and inorganic leaps forward, Rönesans Holding was ranked 38###sup/sup### on this year’s “ENR Top 250 International Contractors” list prepared by Engineering News Record. The survey is considered one of the most prestigious in the world. According to the list, in 2016, the company generated USD 3.9 billion in total revenues, with more than USD 3.25 billion coming from international projects. Recognized as the largest Turkish company on this year’s list, Rönesans climbed to the 10###sup/sup### place among the top international contractors in Europe.


In a statement on the achievement, Dr. Erman Ilıcak said: “Rönesans Holding undertakes projects that shape the sectors including construction, real estate investments, industry, energy and healthcare over a vast geography spanning across Turkey, Europe, the Commonwealth of Independent States, Middle East and North Africa. We have been successfully and steadily representing our country on the ENR list for a long time now. As the largest international construction company of Turkey, to be on the list is a source of pride for us. I would like to thank all of my colleagues who have contributed to this achievement. Our goal is to become one of the top ten contractors in the world. Taking powerful steps, we are drawing closer to this end.” Ilıcak pointed out that the success of Turkish contracting companies attracted the attention of the whole world and added: “The achievements of Turkish contracting companies, with their quality, experience and knowledge are admired around the globe. In addition to the projects we undertake, the biggest evidence of this lies in the achievements of Turkish companies on the ENR list. I would like to congratulate all companies and stakeholders of our sector with whom we share this well-deserved pride.”


Continuing organic and inorganic growth, Rönesans Holding acquired 100% stakes in Heitkamp Ingenieur und Kraſtwerksbau GmbH company. Rönesans Holding also acquired the ownership stakes of the Dutch company Ballast Nedam, consolidating its power in Europe and reaching a turnover of nearly one billion euros in a brief amount of time. As a result of these massive acquisitions, Rönesans made a century-old dream come true in Europe by connecting Zurich and Milan with Gotthard Base Tunnel, the world’s longest railway tunnel. The company is about to launch a PPP (Public Private Partnership) project for road and tunnel constructions in Rotterdam, the Netherlands. The project is worth approximately one billion euros.


The Commonwealth of Independent States is among the most strategic regions for Rönesans where it mostly focuses on infrastructure and superstructure projects. Mega Silk Way, one of the biggest shopping and entertainment centers of the Kazakh capital Astana, was built as part of the EXPO 2017 and opened a few months ago. In Moscow, Russia’s capital, the business world is centered around Moscow City where Federation Tower is built. The construction of the 374m high tower is expected to finish in the last quarter of 2017. Works by Rönesans include a skyscraper project in St. Petersburg, due for completion in 2018. The main tower of the building measures 462 meters, set to become the highest-rising building in Europe when complete. In addition to superstructure projects in Russia, Rönesans Holding builds on its strength with industrial projects run under Rönesans Heavy Industries. The company is beginning to stand out with industrial project investments for the manufacturing of petroleum-based products, predominantly in Russia and Turkmenistan. Rönesans is currently undertaking under harsh weather conditions the Yamal LNG Plant project in the Sabetta Region of Russia which is close to the Arctic where temperatures occasionally drop as low as -50 °C. The company is also building a GTG Project in the Turkmen capital Ashkhabad that will produce gasoline out of natural gas. The project, worth a total of USD 1.5 billion in investment costs, will have the biggest capacity in the world among facilities of its kind.


Rönesans Real Estate which operates under Rönesans Holding, has recently geared up on investments in Turkey. Serving in seven cities with eight shopping centers under Optimum, Piazza and Kozzy brands, Rönesans Real Estate is planning to invest a total of more than EUR 1.7 billion in seven projects to be launched in short and medium term. In March 2017, the company carried out an expansion and transformation project worth EUR 150 million at Optimum Shopping Center in Izmir. Currently underway is the construction of Hilltown Shopping Center and Piazza mixed project on the Asian side of Istanbul. The project stands out among new and important investments. Rönesans Healthcare Investment carries out activities under Rönesans Holding and builds five city hospitals in five provinces of Turkey as well as physiotherapy and rehabilitation centers in seven provinces. Until 2020, the company is planning to invest nearly USD 4.3 billion in hospital projects under contract. Rönesans Healthcare Investment most recently entered the financial closure stage for the İkitelli City Hospital in July 2017 for an amount of JPY 163 billion (USD 1.5 billion). The company is preparing to launch the project in collaboration with Japanese Sojitz within a Private Public Partnership model. The İkitelli City Hospital will be among the biggest hospitals in the world with a bed capacity of 2,700. When complete, the hospital will be the world’s largest seismically isolated building.