Saudi Binladin buys 50% stake in Italian company

Deal with marble manufacturer Marmi di Carrara worth $61mn

(Image courtesy:
(Image courtesy:

One of Saudi Arabia’s largest construction companies, Saudi Binladin Group (SBG), has announced that one of its divisions has bought a 50% stake in Italian marble manufacturer Marmi di Carrara in a deal worth $61mn.

SBG’s Saudi Marble & Granite Factory Company already has close ties with the Tuscan firm, having bought around a fifth of the company’s output last year.

Among the projects that Saudi Marble & Granite has worked on include ministry buildings and palaces in Saudi Arabia, as well as Dubai International Airport, Abu Dhabi International Airport and New Delhi Airport.

According to the company’s website, Saudi Marble & Granite already produces 100,000m3 of marble and granite from 14 quarries across the kingdom.

It established two new agencies, in Germany and Turkey, last year to help expand its exports.

Parent company SBG is most famous for having worked on some of Saudi Arabia’s most high-profile projects, including the expansion of the Holy Mosque in Makkah, the Al Faisaliyah Tower and King Abdullah Economic City

Most popular


Deadline approaches for CW Oman Awards 2020 in Muscat
You have until 20 January to submit your nominations for the ninth edition of the


CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 765
Jun 29, 2020