Turkish holding Onur Group, which has been operating in Ukraine for more than twenty-one years, has announced plans to invest up to USD 650 million in the development of its Ukrainian business by 2030. The company, which initially entered the market as a road construction contractor, has since evolved into a diversified group with interests in energy, mineral extraction, medical technologies, hospitality, and real estate. Management emphasizes that Ukraine has become the company’s second home, and its long-term investment plans reflect a strategic commitment to the Ukrainian market despite war-related and economic challenges.
One of Onur Group’s key development priorities will be the expansion of its green energy portfolio. The holding plans to increase its energy assets to 690 MW, allocating approximately USD 450 million toward this goal. Another USD 200 million is expected to be invested in additional projects, including the construction of a new hotel and residential complex in Lviv and the expansion of the company’s natural resources division. Onur Group is already implementing projects focused on the development of kaolin, gold, and graphite deposits, accelerating business diversification and strengthening its presence in Ukraine’s raw materials sector.
Over more than two decades of operations in Ukraine, Onur Group has invested around USD 570 million in the country. According to Emre Karaahmetoglu, head of the Ukrainian division, the company has evolved from a major road construction contractor into a significant investor active across multiple strategic industries. Historically, a substantial part of its business focused on road construction, including participation in government infrastructure initiatives such as the “Great Construction” programme. However, following reduced state funding for the road sector, the company shifted its focus to new segments that have proven more promising and strategically resilient.
Despite the war, legal disputes, difficulties in interacting with government institutions, and bureaucratic obstacles, the company decided not to leave the Ukrainian market. Onur Çetinceviz, the owner of the holding, stresses that Onur Group intends to remain in Ukraine as long as it can operate transparently, ethically, and in full compliance with the law. The company highlights the importance of a long-term strategy, confidence in Ukraine’s economic potential, and readiness to increase investments as conditions stabilise.
Exiting the agribusiness sector was among the group’s recent strategic decisions. Management notes that agriculture did not align with the holding’s long-term objectives and lacked the synergy found in projects within energy, medicine, or mineral extraction. The freed-up resources were redirected toward sectors the company views as more stable and promising in the coming years.
Today, Onur Group considers Ukraine one of the key markets in its global portfolio. Its plans for the coming years include deepening its presence in the energy sector, advancing real estate projects, and expanding mining initiatives. The holding reiterates its intention to actively contribute to Ukraine’s reconstruction, strengthen its infrastructure, and create new jobs — maintaining a long-term commitment to the Ukrainian economy even during periods of instability.
