Turkey second place on the list of top international contractors

The head of Renaissance (Rönesans) Holding, the biggest Turkish contracting firm in Russia, Dr. Erman Ilıcak, who I happened to meet during the Saint Petersburg Economic Forum last May, is very happy nowadays. He, indeed, has reason to be.

Let us begin with the visit of Russian President Dmitri Medvedev to Rönesans Holding’s Comcity project in Moscow. Rönesans Holding, which has a $2 billion turnover in Russia, is building the Comcity project in a new settlement in Moscow and this project is evidently very important for the Russian administration.   

Once completed, it will be the biggest and the most prestigious trade center in Moscow with its 11 office buildings, a shopping center, restaurant, hotel, bank and sports areas.

Let us not forget that due to the embargo imposed upon Russia by the U.S. and the EU because of the Ukrainian crisis, grandiose projects such as Comcity are a way of attracting foreign investors. This is the reason Medvedev was accompanied by Moscow Mayor Sergei Sobyanin while visiting Comcity, briefed by Rönenans CEO in Russia Cenk Düzyol.

Another noteworthy development regarding Rönesans occurred a few days ago in Turkmenistan.
In a ceremony, also attended by President Gurbanguly Berdimuhamedov, the foundation was laid for the GTG (Gas to Gasoline) project, contracted by the consortium formed by Rönesans and Japan Kawasaki Heavy Industries LTD.

In a facility to be built 50 kilometers away from the capital city Ashgabat, gasoline will be produced from natural gas.

According to Ilıcak speaking at the groundbreaking ceremony in Ashgabat, the $1.5 billion GTG project is a significant step in advancing Turkmenistan’s petrochemical and gas sectors. ...