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