Feb 5, 2023

The Best Construction Companies in Turkey

The construction industry is considered one of the vital and active sectors in Turkey's economy, as construction companies in Turkey play a major role in developing and building infrastructure that supports economic growth and sustainable development in the country and in the world in general. Turkey, thanks to its strategic location between the European and Asian continents, and its active and diversified economy, is witnessing a great demand from national and international construction companies seeking to benefit from the wide opportunities available in this active market.

Construction companies in Turkey are distinguished by advanced experience and work that enables them to implement large and complex projects in various sectors such as transportation infrastructure, roads, bridges, airports, sports stadiums, residential and commercial projects, and energy projects. These projects contribute to enhancing economic development and creating job opportunities, in addition to improving the quality of life for citizens.

Every year, US construction magazine Engineering News Record (ENR) publishes a list of the world's 250 largest international development companies. The classification is based on the income of contracting companies at home and abroad. At the end of 2023, the magazine announced that Turkey ranked second, so this magazine’s report is based on the increase in its annual income, which results from the projects it undertakes outside its country of origin.

In this article, we will highlight the role and importance of construction companies in Turkey, and review some of the leading companies in this sector, in addition to analyzing their impact on the local economy, international developments, and the future of these companies.

The best construction companies in Turkey 2023

Construction companies in Turkey are currently considered among the best companies in the world. It is requested by investors and businessmen from all over the world. Turkey came in second place in the global construction market, with a share of 4.4%, coming directly after China, which occupied the list with eighty-one companies. Six construction companies in Turkey were able to enter the list of the top 100 companies on the list, and as happened last year, two companies were able to be among the top 50 contracting companies around the world, and the activities of Turkish companies are mainly concentrated in Europe in addition to Russia, at a rate of: 9.2 billion dollars, while The activities of these companies in the Middle East region reached $4.3 billion, in Africa they reached $3.1 billion, while in Asia they reached $1.9 billion. This is at a time when it has been pointed out that there is a high global inflation rate, a shortage of skilled workers, and supply chain problems.

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Rönesans Holding (Ankara)

It comes at the top of the list of the best construction companies in Turkey. Rönesans Holding for construction business was founded in 1993 in Russia (St. Petersburg).

Today, it is the general investor and contractor of the large industrial and health facilities in 28 countries. The main activities of the company are construction, development, power engineering and designing. Starting the end of the year 2019, the company is about to be classified among the top ten. At present, it is focusing on the development of the health care facilities in Turkey.

Health care facilities were built in Turkey with the area of 3200 hectares and the capacity of 9200 beds. The company pays special attention to the seismic safety of its projects. The hospital built by Rönesans Holding in Elazig withstood an earthquake with the seismic magnitude of 6.8.

The International Financial Company (IFC), a member of the World Bank, became a partner in Rönesans Holding in 2016.Today, Rönesans Holding builds shopping centers, offices, hotels, residential facilities, multi p-functional buildings, heavy industrial facilities, infrastructure projects, manufacturing projects, chemical and medical production plants, food and drink production plants, car and machine factories, public buildings, health care compounds and power plants.

Limak Holding (Ankara)

Limak Holding was founded in 1976. It grew to become a great asset. It built the new Istanbul airport (the largest in the world), Sabiha Gokcen International Airport, the largest dam in Europe and many other projects in tens of countries. The main activities of holding are construction, cement production, power engineering and tourism. The projects that are being and will be built in Turkey are the longest suspension bridge in the world ( Çanakkale), Yusufeli Dam with the length of 275 metres. (the third largest dam in the world) and lots of other projects. Limak is among the list of best construction companies in Turkey and occupies the second place.

Alarko Holding (Istanbul)

Alarko Holding was founded in 1954. It is one of the first construction companies in Turkey. It includes 24 companies (some are international). The main activities of the holding are construction and development, power engineering, the production of pumps and air conditioners, designing and construction of cinemas, night clubs and hotels. The plan of the holding for 2022 was the construction of some great development projects all over Turkey. The projects that the holding is working on now are dams, wastewater treatment plants, resorts (hotels by the sea and entertainment facilities), coal and solar energy plants, Istanbul metro, shopping centers, and others.

Kolin Isaat

Started as a small family business in 1977 by the Kologlu brothers, Kolin Insaat grew to become a giant international construction company. Today, the development company has more than 3500 employees including 750 foreign experts. The company has implemented many projects such as highways, railways, metro, ports, residential development projects, industrial plants and dams. The 2022 plans included projects in Ankara, Istanbul, Izmir, çanakkale, Konya, Bursa, Iskeseher, Adana and many other Turkish cities and provinces.

Tav Havalimanlari Holding

Tav Havalimanlari Holding was founded in 1997. It is specialized in designing, constructing and maintaining airports in different countries (USA, Africa, Europe and Russia). As a whole, the company constructed 91 airports in 28 countries. It is also in the management of 14 airports in 7 countries. Its projects in Turkey are Ataturk airport in Istanbul, Ankara Esenboga Airport, Izmir Adnan Menderes Airport, Gasipasa-Alanya Airport and Antalya International Airport. In 2022 the company worked on the re-construction of Antalya Airport and developing a new internet platform for young Turkish entrepreneurs who work in travel and Tourism. The platform discusses and develops different techniques for the future airports.

Cengiz Insaat (Istanbul)

Cengiz Insaat was founded in 1980. It focuses on construction, power engineering tourism and mining in Turkey. The company has done many projects such as airports, dams, tunnels and marinas in addition to thousands of kilometres of highways and hundreds of other similar projects. The plans of the company include the construction of the hydroelectric power plant in Mersin, Istanbul metro, the dam and hydroelectric power plant in Mardin, the construction of an airport in Artvin Rize and many other projects.

Sinpas GYO (Istanbul)

This company has been a pioneer in residential housing since 1974. Many of its projects in the cointry were typical in the sector. They also won prizes abroad. Some of the projects of the company are Aqua City, Bosphorus City, Sancaktepe Lagün, Ege Boyo, Aydos Country, Metro City, Queen Bomonti, and Gökorman in Istanbul. There are Incek Life, Incek Blue, Ege Wadisiin Ankara and Aqua City in Bursa.

Tekfen Holding for construction and Installation

Tekfen is an international construction company with huge accomplishments in Turkey, The Middle East, North Africa, Caucasus, Middle Asia, East and Middle Europe. Its activities include heavy civil Projects, refineries, petrochemical factories, Satellites, Main industrial treatment factories, pipelines, electricity plants and communication.

Tekfen is capable of enlarging its services to cover a huge range of clients all over the world.

Why Turkish developer are successful?

Construction companies in Turkey offer high quality of their projects and guarantee reasonable prices (it is profitable to invest in real estate in Turkey, where real estate prices are growing steadily). In addition, Turks are good at building a cultural dialogue with buyers and investors. A large part of Türkiye's projects are developed internationally.

Turkey is a growing real estate market in Europe and Asia. The largest construction companies in Turkey for residential and commercial projects are investing heavily in this strategic location at the crossroads between Europe, the Middle East and Central Asia.

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