8/27/2019
44 Turkish Companies Ranking in the World's Top 250 International Contractors
TMB Chairman Yenigün: "Our contractors have recently shifted their focus to overseas projects due to increased challenges in Turkey, and undertaken 130 projects worth $5.6 billion in January to July 2019. We aim to achieve the new project amount of $20 billion as we did in 2018. It is very important to grow the scales of companies, improve their inter-operability and enhance our technical consultancy industry in order to enhance our position in international markets further"...
According to the statement made by the Turkish Contractors Association (TMB), Turkey had 44 companies, making it only second to China, in the list of the "World's Top 250 International Contractors) published by the international construction industry magazine ENR (Engineering News Record) based on the overseas operations of contractors in the previous year. According to the ENR data, construction industry was among the industries most affected by the global economic uncertainty, and the size of the construction market grew from $482.4 billion to $487.3 billion with only a 1-percent increase. The size of the global market was $500 to 544 billion in 2012 to 2014. It is stated in the ENR newsletter titled "The Global Market Bears Risks" that the global construction industry showed a weak performance in 2018 and the risks prevailed in the industry. According to the statement of TMB, there were 44 Turkish companies in the ENR's list in 2018. The Turkish companies in the list had a total market share of 4.6% in 2018. The share of Turkish contractors in regional revenues increased from 9.7% to 10.4% for Middle East, a primary market, decreased from 4% to 2.1% in Asia. The market share of Turkish companies had a small change with 5.6% in Africa, and a limited increase in Europe with 7%. TMB Chairman Mithat Yenigün: Turkish Contractors Association (TMB) Chairman Mithat Yenigün made the following statement after the ENR's list was announced: "Despite fragilities in the global and national economies, it was very remarkable to maintain our position in the 'global giants' league' with 44 companies, out of which 40 companies are TMB members. Our contractors have recently shifted their focus to overseas projects due to increased challenges in Turkey, and undertaken 130 projects worth $5.6 billion in January to July 2019. This means that 9,782 projects worth $386 billion were carried out in 124 countries as part of our contracting services overseas. We aim to achieve the new project amount of $20 billion as we did in 2018. It is very important to grow the scales of companies, improve their inter-operability and enhance our technical consultancy industry in order to enhance our position in international markets further." Turkish contractors in ENR's list: Companies Ranking for Revenue in 2018 1 Rönesans 33 2 Limak 67 3 Tekfen 69 4 TAV 71 5 Yapı Merkezi 77 6 ANT Yapı 87 7 ENKA 92 8 Alarko 105 9 GAMA 118 10 Çalık Enerji 119 11 MAPA 126 12 Gülermak 127 13 Nurol 128 14 Onur 131 15 Doğuş 135 16 IC İçtaş 139 17 Yüksel 142 18 Kuzu 147 19 Dekinsan 148 20 Kolin 151 21 ESTA 156 22 TACA 159 23 Yenigün 163 24 Eser 164 25 Kayı 168 26 AD Konut 170 27 GAP 172 28 Anel 175 29 AE Arma-Elektropanç 176 30 STFA 179 31 TEPE 184 32 Summa 188 33 Gürbağ 190 34 NATA 193 35 İlk 203 36 Cengiz 211 37 Üstay 216 38 Kur 217 39 Polat Yol 219 40 Özkar 222 41 Zafer 228 42 Bayburt 229 43 Makyol 231 44 MBD 248
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