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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.
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Main Page arrow News arrow Rönesans is now listed as the 24th largest contracting company in the world and the 8th largest in Europe

Rönesans is now listed as the 24th largest contracting company in the world and the 8th largest in Europe

25 August 2022
Rönesans Holding has risen to the position of 24th largest contracting company worldwide and 8th largest contracting company in Europe on ENR’s 2022 “World’s Top 250 International Contractors” list, which is regarded as the most established and well-respected international construction industry assessment tool. Receiving 78% of its revenue from international projects, Rönesans has maintained its leadership position among Turkish construction companies.
The “World’s Top 250 International Contractors” list for 2022, based on the revenues of contracting companies accumulated outside the countries where said companies’ headquarters are located, has been announced. This prestigious list was prepared by ENR (Engineering News Record), the international construction industry’s most influential magazine, which has been published for the last 105 years. With its exceptional engineering projects and investments, Rönesans Holding jumped four places in the world rankings this year, reaching 24th place worldwide and 8th place in Europe. Rönesans Holding, among the top 10 contracting companies in Europe since 2015, was ranked 28th worldwide and 9th in Europe last year. Rönesans also maintained its leading position among the Turkish companies on the list.

78% of its annual revenue is acquired from international projects

Rönesans, as a Turkish company operating in multiple foreign markets, has signed many exemplary projects in different world geographies. As a result, Rönesans’ global consolidated turnover was an impressive 4.6 billion dollars in 2021. Operating in nearly 30 countries in different geographies, 78% of Rönesans Holding‘s revenue derives from projects and investments outside Turkey.

Rönesans Holding Board Member Emre Baki stated, “As a Turkish company, we are extremely proud to be listed among the 10 largest European construction companies since 2015. Our most important competency regarding our international growth is our ability to combine international finance with construction skills to create synergy and value in different geographies. We plan to continue to participate in various ambitious projects and make acquisitions to ensure sustainable growth in every geography and sector in which we operate.”

Growing with company acquisitions abroad

Preparing to celebrate its 30th anniversary, Rönesans Holding operates in construction, real estate, health, and energy over a wide geography, including Europe, Turkey, Central Asia, the Middle East, and Africa.

Rönesans, which has grown rapidly since the 2010s both organically and inorganically through acquisitions, continues to develop its strategy, which involves increasing the group’s competitive advantage and technical capacity in new countries. Rönesans has been expanding its activities primarily in the Netherlands, Germany, Switzerland, and England by incorporating German Heitkamp in 2014 and Ballast Nedam, which was founded 145 years ago and is one of the 10 largest construction companies in the Netherlands in 2016. The Gotthard Base Tunnel, the longest railway tunnel in Europe, which was completed in 2016, is one of Rönesans and Heitkamp’s most important projects. One of the last significant acquisitions made in Europe was Ballast Nedam’s acquisition of Williems in late 2021.

Successfully carrying out hundreds of projects simultaneously in every continent of the world and in every climatic condition; Rönesans, which implemented the world’s largest Gas-to-Gasoline (GTG) plant in Turkmenistan, the tallest building in Europe, the world’s longest rail tunnel in Switzerland, the longest land tunnel in the Netherlands, and the structure of the world’s most extensive earthquake insulation unit in Turkey, especially in recent years, has been working with its business partners to increase the capacity of developing countries to implement infrastructure and social reinforcement projects with the EPCF (Engineering, Procurement, Construction, and Financing) model. In addition, Rönesans has been substantially increasing its investments in energy and renewable energy.

About Rönesans Group

Rönesans Holding, the conglomerate's top investment entity headquartered in Ankara, is the 38th largest international contracting company globally and the 9th largest in Europe. With operations spanning 30 countries across Europe, Central Asia, and Africa, including subsidiaries such as Ballast Nedam in the Netherlands and Heitkamp Industrial Solutions GmbH in Germany, Rönesans has been operating as the main contractor and investor successfully for 30 years in construction, real estate development, healthcare and energy. Putting resilience and growth through innovation at the core of the company, with a priority on sustainability and social development, Rönesans has developed projects supporting students with scholarships, academic platforms and initiatives; been a signatory of the UN Global Compact since 2015; and a signatory of the UN Women’s Empowerment Principles since 2016.

Under the leadership of its president, Erman Ilıcak, Rönesans, along with its partners GIC, Meridiam Infrastructure, Sojitz, Samsung C&T, TotalEnergies, and IFC of the World Bank Group (minority shareholder in the group), has invested more than EUR8 billion into pioneering projects globally.

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