HomeBussinessTurkish contractors secure 2nd place in global construction rankings - Türkiye Today

Turkish contractors secure 2nd place in global construction rankings – Türkiye Today

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Turkish contractors have maintained their position as the second-largest group on the “World’s Top 250 International Contractors” list, according to Engineering News-Record (ENR) for 2024.

This year, 43 firms from Türkiye were included, reflecting the country’s strong presence in the global construction market despite various challenges.

Turkish company’s work in Ukraine amid the ongoing conflict. (Photos via Onur Group)

Turkish construction firms expand market reaching 137 countries in 2024

Türkiye’s contractors continue to be key players in the global construction industry. M. Erdal Eren, President of the Turkish Contractors Association (TMB), emphasized the sector’s achievements: “Despite the ongoing war, Russia remained our largest market in 2023. We are also actively preparing to take part in Ukraine’s post-war reconstruction.” Eren highlighted their efforts to expand activities in markets like Saudi Arabia, Iraq, Algeria, Poland, Romania, and Sub-Saharan African countries. The number of countries where Turkish contractors are active has increased to 137 in 2024, with the addition of Portugal.

Turkish contractors overcoming global challenges with proactive strategies

The global construction market, valued at $499.7 billion in 2023, has been affected by inflation, regional conflicts, and supply chain disruptions. To manage these risks, contractors have taken proactive steps to diversify their operations and support key market investments.

“Turkish contractors, who celebrated the 100th anniversary of our Republic by completing over 12,000 projects in 136 countries in 2023, have shown exceptional resilience,” Eren stated. Six Turkish firms made it into the top 100 construction rankings, with one ranked among the top 50.

Turkish contractors secure 2nd place in global construction rankings
Turkish company working in Ukraine. The workers load what is left of a burned vehicle with a crane. (Photos via Onur Group)

Turkish firms in ENR’s top 250 international contractors 2024

No 2024 Rank 2023 Rank Company
1 48 50 Limak
2 53 53 Ronesans
3 54 58 Enka
4 58 66 Yapi Merkezi
5 66 81 Ant Yapi
6 81 84 Esta
7 104 112 Cengiz
8 105 117 Gulermak
9 106 115 Aslan Yapi
10 108 110 Calik Enerji
11 113 114 Tav
12 115 121 Kuzu
13 117 107 Nurol
14 121 144 Tekfen
15 144 159 Metag
16 145 141 Eser
17 151 188 Kolin
18 155 223 Polat Yol
19 156 127 Bayburt Grup
20 162 163 Ilk
21 163 206 Alarko
22 170 183 Sembol
23 173 190 Yenigun
24 176 153 Gap
25 178 177 Onur
26 181 154 Mbd
27 185 198 Dekinsan
28 188 196 Yuksel
29 190 195 Ustay
30 199 123 Duygu
31 202 201 Summa
32 204 151 Tepe
33 206 201 Iris
34 209 151 Mapa
35 211 208 Stea
36 219 164 Makyol
37 222 221 Smk
38 224 217 Nata
39 225 210 Ic Ictas
40 227 249 Dorce
41 229 225 Feka
42 234 234 Zafer
43 246 247 Dogus

Sustainable construction projects pave way in international market

Ronesans Holding’s subsidiary Ballast Nedam, one of Europe’s largest construction firms, is making significant contributions to sustainable construction. Their Cartesius project aims to integrate modern urban living with sustainability and well-being, inspired by the Blue Zones.

The company is also working on the A24 Blankenburgverbinding road connection project in Rotterdam, designed to enhance accessibility and support economic growth in the region. Project director Patrick van Os noted, “Our team has demonstrated exceptional technical skills and innovation. We are eager to see the project in use by the end of 2024.”

Turkish contractors are well-positioned to benefit from the recovery of the global construction market, especially in green and sustainable projects. With a focus on innovative solutions and government support, they continue to strengthen their presence in international markets.

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