Built to inform

Sign up for the daily newsletters

No, Thank you

Construction chiefs among world's richest Arabs

Orascom's Sawiris family ranked third in Arabian Business listing with $11.3bn fortune

Orascom's Nassef Sawiris
Orascom's Nassef Sawiris

Leading figures from the world of construction were named among a list of the world's wealthiest Arabs by Construction Week's sister title Arabian Business.

In its annual ranking of the wealthiest figures in the Arab world, the Sawiris family - founders of Orascom Construction Industries, as well as a number of telecoms and IT businesses, are ranked fourth with an estimated wealth of $11.3bn.

Issam Al Zahid's, whose Zahid Group started in construction and is still a major player in the industry as well as owning divisions in mining, general industry and trading, is ranked fifth with a fortune of $11.2bn.

Other high-ranking Arabs with significant interests in construction include the Binladin family (8), whose Saudi Binladin Group has allowed them to amass a fortune of $8.4bn, Mubarak Al Suweiket of Saudi-based Suweiket Trading & Contracting (21) with a fortune of $4.3bn, and Damac Group chairman and founder Hussein Sajwani (22).

Sajwani has a fortune estimated to be worth $4bn on the back of the float of 15% of the development company on the London Stock Exchange earlier this year.

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 758
Feb 08, 2020