Challenges of Entering International Markets for Russian Construction Companies

Abstract

The paper reviews key challenges faced by Russian construction companies while entering the international markets. International construction company ratings demonstrate that the amount of work performed by Russian companies is several times less than the ones performed by international contractors. At the same time the world level companies successfully work overseas. Instead of waiting for beneficial investment climate changes, Russian companies must shift the focus from national market towards foreign expansion and extending operations abroad. That would allow extension of foreign operations and positive changes in the system of values and mentality of Russian contractors. © 2019 Published under licence by IOP Publishing Ltd.