Emlak Konut REICH3.B30Emlak Konut, as Türkiye’s largest real estate investment company (REIC), possesses a unique structure that combines the transparency of a publicly traded company with the strategic strength and assurance derived from being a public affiliate. This financial resilience, stemming from a deeply rooted history spanning nearly 75 years, was reaffirmed by the international credit rating agency Fitch Ratings on October 1, 2025, with a "BB-" (Stable) rating.
At the core of this strength lies a proven portfolio of business models, with which the company has developed a total of 404 tenders which are 285 as TurnKey Model projects and 119 as Revenue Sharing Model projects resulting in 255 thousand units since 2003. These projects have achieved a sales revenue of 7.2 Billion USD (Revenue Sharing) and a construction value of 10.8 Billion USD (Turnkey). This dynamic portfolio effectively manages risks while providing a predictable revenue stream of 2.2 Billion USD from ongoing projects. A land stock exceeding 4.1 million square meters, valued at over 1.7 Billion USD, serves as the collateral for this sustainable growth.
Emlak Konut is now transferring this 75 years of accumulated experience and proven project development capacity to Saudi Arabia through a historic collaboration shaped by the common vision of two sister nations. This strategic partnership, which aligns with the ambitious goals of Vision 2030, is more than a project agreement with the National Housing Company (NHC); it is a bridge of trust that will span generations. As a concrete step in this valuable collaboration, Emlak Konut has established its local company in Riyadh, demonstrating its intention for a permanent presence in the region and its unwavering commitment to the project.
This collaboration is built upon Emlak Konut’s financial strength, evidenced by its total assets of 5.9 Billion USD and a Net Asset Value of 4.1 Billion USD. Adhering to the principles of transparency and accountability inherent in its publicly listed structure, Emlak Konut is ready to be a reliable and long-term strategic partner on Saudi Arabia's journey towards achieving its Vision 2030 objectives. This partnership positions Emlak Konut not only as Turkey's market leader but also as a global force shaping the living spaces of the future.
