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Home / Power 100 / 2011 Construction Week Power 100: 1-10

2011 Construction Week Power 100: 1-10

by CW Staff on Jul 2, 2011


Bakr bin Laden
Bakr bin Laden
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2011 CONSTRUCTION WEEK POWER 100

1-10 | 11-20 | 21-30 | 31-40 | 41-50 | 51-60 | 61-7071-80 | 81-90 | 91-100

> The Power 100 - Full List

2. BAKR BIN LADEN
CHAIRMAN

SAUDI BINLADIN GROUP

As head of the board at Saudi Binladin Group (SBG), Bakr bin Laden heads one of the world’s largest construction dynasties, with subsidiaries across the region.

The second son of founder Mohammed bin Laden, Bakr has controlled the family firm after the death of Salem, Mohammed’s eldest son, in 1988. He is one of 13 of Mohammed’s sons who sit on the board of the company.

SBG started its growth when it was entrusted by the Royal Court with the task of expanding Islamic Holy Sites in Makkah and Madinah. It has also built several palaces in Riyadh and Jeddah for the Royal Family, and carried out restoration work following an arson attack on Jerusalem’s Al Aqsa Mosque in 1969. The firm acts as a developer on a number of projects.

It is involved with some of Saudi Arabia’s major infrastructure and real-estate projects, including the North-South railway project, the King Abdullah Economic City, Abraj Al Bait residential scheme in Makkah and the Jabal Omar scheme in Makkah.

It is also overseeing construction of 30 towers at the King Abdullah Financial District, a mandate that requires the company to sub-contract to Saudi companies to boost local industry. It is also aiming for a LEED rating on the upcoming buildings.

In recent years, Bakr bin Laden has overseen the company’s expansion plans beyond the MENA region, with China a particular target. The company has sought to establish ties with key Chinese companies and government initiatives -- moves that are likely to boost the group’s bottom line in the medium- and long-term.

In 2005, SBG received two IRF Global Road Achievement awards for its involvement with the Al Qassim-Al Madinah-Yanbu-Rabigh Expressway project, in the categories of Construction Methodology and Innovative Finance.
 

Next: RIAD KAMAL



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