The Turkish company Rönesans Holding has ceased its operations in the Russian Federation.

This information is reported by the company's website.

It is noted that the company has exited the Russian market and is focusing on an ambitious growth strategy worldwide.

Rönesans Holding is a Turkish contracting and investment company involved in construction, real estate development, energy, industrial facilities, and healthcare. The holding operates in Turkey, CIS countries, Europe, the Middle East, and North Africa.

The company's headquarters is located in Ankara, and the owner of the company is Erman Ilıcak.

Rönesans Holding constructs shopping centers, offices, hotels, residential buildings, composite structures, heavy industrial plants, infrastructure facilities, light metal construction factories, factories, government buildings, and energy facilities as the main contractor or investor.

The group has set a target turnover of 4.5 billion euros for the year 2024, expecting significant revenue growth from construction due to international and local investment projects, including hospitals and wind power plants.