Rönesans is a world-leading project development and construction group, building for a better society.
Primarily in Turkey and the Netherlands, but also in other European countries, CIS countries, the Far East, and the Caribbean,
we operate as a main contractor and investor in the construction, real estate, health, energy, and petrochemistry sectors.
At Rönesans, we are deeply saddened by the devastation caused by the earthquakes that struck on February 6. We offer our heartfelt condolences to the entire country.
We understand that by working collectively, we can heal the nation’s wounds and recover faster and become even more resilient. We are deeply committed to working towards realizing this goal.
Since the first earthquake struck, our 2,000-strong volunteer Rönesans team has been present in the field. Colleagues from our construction sites in the region have participated in search and rescue operations and have played a vital role in saving 190 people from the rubble. Within the first hours of the initial earthquake, our teams dispatched 147 pieces of construction machinery and equipment to the area and worked tirelessly to support the search and rescue efforts.
In addition, our Rönesans volunteers have been mobilized from the very beginning to provide critical aid to those affected by the earthquakes. To date, we have distributed over 1 million meals and have shipped 254 trucks of supplies to the region.
To address the urgent temporary shelter needs of the earthquake victims in the region, who at times had to endure below -10°C temperatures, our team opened the Malatya Erman Ilıcak Science High School and construction site camping areas. We accommodated over 2,000 earthquake victims on the first night in these shelters. To date, we have continued to host 3,500 earthquake victims daily in our first container city, 'Malatya Yaşam Kent,' and other temporary shelter centers in Malatya, with crucial support provided by our inspirational employees who volunteered to help in the region.
Moreover, we aim to start occupying all 2,000 of our containers, 1,500 in Malatya and 500 in Adıyaman, by mid-April; this will enable us to provide a solution to the temporary shelter problem for nearly 10,000 earthquake victims before the upcoming Ramadan Feast.
Thanks to the high-quality earthquake safety technologies we employed during construction, the city hospital projects we built in the region have provided exceptional non-stop public services in the aftermath of the earthquakes. For example, our Adana, Elazığ, İstanbul Başakşehir, and Bursa City Hospitals, which are now symbols of earthquake safety in Turkey, have provided inpatient healthcare services to 7,500 earthquake victims with referrals from the region.
We have been one of the most active communities in the region in providing psychological support, which is often overshadowed by other crucial issues such as search and rescue, food, and temporary shelter. We continue to offer uninterrupted psychological support to earthquake victims, particularly women and children, to help them overcome the severe traumas they have experienced. With the contributions of health group managers and employees, we contacted UCIM, which focuses on children's rights, as soon as the first unaccompanied child arrived at one of the hospitals constructed by Rönesans. We took immediate action during the first week of the disaster together with UCIM (Association for Combating Child Abuse / NGO) to care for unaccompanied minors. We assigned volunteer psychologists who have been working 24-hour shifts at Adana City Hospital to create psycho-social and post-traumatic support mechanisms. We have tried to support children in the best way possible, especially during this immensely challenging time. As a result, we established baby care rooms and a children's cinema in the region with the efforts of the real estate team. We also set up the BİNEFES Special Education Tent in the outdoor parking lot of the Rönesans constructed shopping mall in Kahramanmaraş in cooperation with TODEV (Turkish Autism Support and Education Foundation).
At Rönesans, we will continue to stand by our country and our fellow citizens during this incredibly difficult period, and we will overcome this disaster together, hand in hand.
We started our operations in 1993. Today, we operate as the main contractor and investor in construction, real estate, health, energy, and petrochemistry in a wide geographical area extending from the Netherlands to the Far East, the Caribbean, and the Africa; our main operating regions being Turkey and Europe.
Since our establishment, we have worked tirelessly for the positive transformation of the construction industry by doing our job efficiently, constantly improving ourselves, and keeping our promises. We support business diversity with our employee diversity, being empowered as more than 18000 Rönesans people from 64 different nations. We place our employees and their health and safety at the center of the change we promise and aim for, and we are committed to fulfilling the needs of our customers in cooperation with all our stakeholders.
Since our establishment, we have worked tirelessly for the positive transformation of the construction industry by doing our job efficiently, constantly improving ourselves, and keeping our promises. We support business diversity with our employee diversity, being empowered as more than 18000 Rönesans people from 64 different nations. We place our employees and their health and safety at the center of the change we promise and aim for, and we are committed to fulfilling the needs of our customers in cooperation with all our stakeholders.
In our operations, we act on the ideals of corporate governance, customer satisfaction, sustainability, and corporate social responsibility to international standards. In each of our operating markets, we prioritize permanence and patient, step-by-step growth with innovative works, in compliance with the universal principles of competition.
We combine our international experience with our advanced engineering knowledge and financial strength to lead the way in the construction industry; Some of the hundreds of projects Rönesans Holding has built to date include Lakhta Center, Europe’s tallest building; Gotthard Base Tunnel, the world’s longest and deepest railway tunnel through the Swiss Alps; Gaasperdammertunnel, the Netherlands’ longest road tunnel; Turkmenistan GTG, the world’s longest road tunnel; Arctic LNG, the world’s largest reinforced concrete floating natural gas platform in the Arctic Sea; Yamal LNG production facilities, which enabled the opening of a new global energy line; hospital projects in the Caribbean; and water treatment plants in Sri Lanka…
For the last 15 years, we have been on the “World’s Largest International Contracting Companies” list published by Engineering News Record (ENR). According to ENR 2021, we are the 24th largest international contracting company in the world and the 8th in Europe.
Together with our partners, we have made a total investment of 5.7 billion euros in Turkey so far. For these investments, we have obtained 1.6 billion euros of direct foreign investment and 3.2 billion euros of project finance loans from foreign financial institutions.
We aim to make Rönesans Holding one of the world’s top 10 companies in the construction industry.
Field of Activity
Using its extensive experience and competitive advantage, Rönesans Holding implements a business model that aims to achieve sustainable and profitable growth. In addition to the earnings to be generated from third-party projects, Rönesans also focuses on creating value via operational and financial synergies between its units and from the business segments in which it operates.
The capital provided through ordinary activities of the Group together with the funds raised by strategic and financial stakeholders makes it possible for Rönesans to finance its new investment projects in the fields of real estate, Public-Private Partnership, energy, and petrochemistry. These investments do not only pay the way for generating construction revenues but also enable the Holding to make returns on its capital.
Our Values
INNOVATIVE
Be innovative for competition!
COMPETITIVE
Be competitive for success!
RESILIENT
Be resilient for change!
Our Story
1993
2001
2004
2006
2007
2009
2010
2011
2012
2013
2014
2015
2016
2017
2019
2020
2021
2022
1993
Foundations of Rönesans
Rönesans Construction is established
2001
Starts to operate in different fields
Rönesans enters into the Real Estate Development sector.
2004
The company's first real estate investment, the Ankara Optimum Shopping Center, is opened
2006
Growth with global achievements
The company entered the ENR "International Best 225 Contractors" list for the first time; one of the world's most prestigious classifications.
2007
Rönesans Energy is established, with a focus on renewable energy.
2009
With the purchase of shares from PORR AGA, a period of investment in construction commences in Europe
2009
Rönesans Energy's first project, the Yalnızca Hydroelectric Power Plant, began operations
2009
The foundation carries out social responsibility projects...
The Rönesas Education Foundation (REV) is established and all social responsibility works are gathered under a single umbrella
2010
New markets
The company started operating in Turkmenistan
2011
Goals for the industry
Rönesans Industrial Facilities are established
2012
Rönesans Health Investment Corporation started operations
2013
Together with Hergiswill Switzerland, the company realized their first company acquisition in Europe.
2013
Singapore Government Fund GIC
Invests in 3 shopping centers of Rönesans in Turkey, then became a partner of RGY (Rönesans Gayrimenkul Yatırım A.Ş.).
2014
A partnership agreement is signed between Singapore Government Fund GIC and Rönesans Real Estate
2014
TED Rönesans Private School is initiated in cooperation with REV and the Turkish Education association
2014
A partnership is established with French Meridiam for the development of te Adana, Bursa, Elazığ, and Yozgat City Hospitals projects 2015
2014
Heitkamp, Germany
Acquired 100%
2015
The United Nations Global Compact is signed
2015
The "Design a Sustainable Future" competition - whose aim is to shape the future and create synergy with young people - is launched
2015
Acquisitions at full steam
European Operations are expanded with the acquisition of the German Heitkamp company
2016
Signs the UN Women's Empowerment Principles (WEPs)
2016
The construction of Gothard Base, the longest and deepest railway tunnel in the world, is completed
2016
A shareholder agreement is signed with the World Bank's IFC institution
2016
The company started employing personnel to train through its Pusula (Compass) Program
2017
A partnership is established with the Japanese corporation Sojitz for the İkitelli City Hospital project
2017
The company's "Young Discovery Program Compass" is awarded the GAN (Global Apprenticeship Network) Turkey Special Award
2019
Hilltown Karşıyaka Shopping Center opens its doors to visitors in İzmir.
With the opening of the İzmir Hilltown Karşıyaka shopping center, which is the last link in the company's three-year investment plan, Rönesans Real Estate Investment's (Turkey's largest real estate company) total leasable area exceeded 650 thousand m².
2019
The Lakhta Center project, the tallest building in Europe at 462 meters, was completed by Rönesans at a construction cost of USD2 billion
2019
Construction of the world's first and largest GTG facility that produces gasoline from natural gas is completed
2020
Following the inauguration of services at the Başakşehir Çam and Sakura City Hospital, the company became the leader in this field by increasing the number of hospitals it implemented through the Public-Private Partnership Model to five, and raising its t
2020
Nakkaş – Başakşehir Highway
Becomes the preferred concessionaire under the BoT scheme.
2021
Rönesans Holding added petrochemistry to its portfolio by laying the foundations of the Ceyhan Polypropylene Facility, which will be built in partnership with Algeria's national oil and gas company Sonatrach, with a total investment value of 1.7 billion d
2021
MAG
Financial closure of Mersin-Adana-Gaziantep railway project under EPC-F structure
2022
Acquired %51 of Gaziantep City Hospital PPP Project and establish partnership with Samsung.
The Rönesans and Meridiam partnership has acquired 51% of the shares in the Gaziantep City Hospital Project, which will be executed under the Public Private Partnership model. Additionally, they have formed a partnership with the South Korean company Samsung.
Rönesans in Brief
Construction backlog is €5 billion.
Countries
30
Employees
18.000+
Revenue
4,1 Billion €
Nationalities
64
ENR Top 250 Contractors
#24International #8Europe
3.200.000 m2 Total Construction Area PPP Hospitals in Turkey
7.100Bed Capacity
Scholarships Granted
11.000
Largest Contract Value
2 Billion $
Total Installed Capacity of Hydropower
163MW
Total GLA Owned Appr.
1 Millionm2
H&S-Environment Year 2021 Training
5+ MillionEmployee-Hours
Year 2021 Total Work
149+ MillionEmployee-Hours
Challenging Working Conditions Min Max Temperatures
-52Celcius +50Celcius
De Groene Loper Maastricht 5 kilometers of park connecting natural areas with the city
2020Sustainable Housing Development Award
Worlds Largest Building With Earthquake Isolators
Başakşehir Çam & Sakura City Hospital
Worlds Largest Gas-to-Gasoline Facility
GTGTürkmenistan
Ceyhan Polypropylene Production Facility 450.000 tons capacity production/year
1.7 Billion $Investment
Longest Railway Tunnel in the World Gotthard Base Switzerland
57 km
Key Financial Information
Please click to be directed to the Public Disclosure Platform.
All figures are expressed in USD millions
All figures are take from the Independent Auditor’s Reports, prepared in accordance with International Financial Reporting Standars (IFRS)
Average and year-end USD/TRY exchange rates were used for the Income Statement and the Balance Sheet, respectively, as announced by the CBRT
EBITDA is calculated as Revenue – Cost of Sales – General Administrative Expenses Marketing, Selling & Distribution Expense + Depreciation & Amortization Expense
Total Equity includes minority
Board of Directors
İPEK ILICAK KAYAALP
Chairperson of the Board
İpek Ilıcak Kayaalp graduated from the Economics Department of the Middle East Technical University in 2000. She worked in the field of asset management and finance at various international companies until 2006. İpek Ilıcak Kayaalp has been the Executive Board member of Rönesans Holding and the Head of Treasury of Rönesans since 2006. As of 2014, she is the Chairperson of the Board of Directors of Rönesans Holding. İpek Ilıcak Kayaalp is a member of TÜSİAD (Turkish Industry & Business Association), Kançoder (Association for Children with Cancer) and Rönesans Education Foundation.
HÜSEYİN ÖZDEMİR
Vice Chairman of the Board
Hüseyin Özdemir graduated from TED Ankara College in 1998. He had his bachelor’s degree at METU Civil Engineering Department in 2003 and his master's degree at METU Industrial Engineering Department in 2005. Following his experience at construction companies since he had his bachelor’s degree, he joined the Rönesans group in 2008 and worked as the member of Rönesans Türkiye İnşaat Group’s Executive Board and Board Member after holding different positions in Turkish projects. Since 2021, he has been a Rönesans Holding Board Member.
BERNARD CHARLES LEONARD PASQUIER
Board Member
KAAN ARSLAN
Board Member
Kaan Arslan graduated from Middle East Technical University Department of Electrical and Electronics Engineering and afterwards, he completed his MBA program at Bilkent University. He began his career at Interbank and he assumed different roles in this bank between the years 1990-1998. After working as the General Manager of Commercial Banking at Bayındır Bank from 1998 until 2001, he assumed several positions as Executive Vice President of Ziraat Bankası and Finansbank before he joined Rönesans Holding and he acts as the Member of the Executive Board and Member of the Board of Directors at Rönesans Holding since 2010.
TANER BİLGİN
Board Member
After graduating from the Middle East Technical University’s Department of Industrial Engineering in 2000, he started his career in the finance industry as an internal auditor. After ten years of experience in this position, he joined Rönesans Holding, where he served in various departments, including finance, compliance, internal auditing and risk management. In 2020, he was appointed a member of the Board of Directors.
EMRE HATEM
Board Member
After graduating from the Civil Engineering Department of Boğaziçi University in 2000, Emre Hatem completed the Marmara University Management and Organization Master's program. After working in various banks for five years, he worked at Garanti BBVA between 2005 and 2022, in charge of Investment Banking and Finance, Corporate Loans, as well as Project Finance Structuring, and Sustainability activities. He has been a Board Member of Rönesans Holding since 2022.
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