2015 Construction Week Power 25 Saudi Arabia:16-20
Construction Week's annual ranking of the most influential people in the Middle East's construction industry
16. Sheikh Solaiman Abdullah El-Khereiji
Founder, SAK Consulting Office
In 1978 Architect Solaiman Al Khereiji founded Soleiman Abdullah El-Khereiji Consulting Office in Saudi Arabia.
Over the years, this practice has expanded to cover various fields, namely architecture, engineering, project management and others, as well as complementing the government and the private sector’s plans.
Abdullah El-Khereiji Consulting Company has entered into partnerships with sister companies from around the world in many projects.
The company has also established a joint venture with Hyder El Khereiji Consulting Company aiming to serve the growing infrastructure, transportation and vertical sectors in the Kingdom of Saudi Arabia.
The company has managed to complete the design of ten thousand housing units in Jeddah alone.
It is currently overseeing the construction of infrastructure and buildings in Salman Bay in Jeddah.
It is worth mentioning that Sheikh Solaiman Abdullah Al-Khereiji is a former member of the Kingdom of Saudi Arabia’s Shura Council and has chaired several large companies and banks.
He stressed that “The Kingdom of Saudi Arabia must pursue goals to diversify investment in cities other than the three major cities and relentlessly endeavour to stimulate growth there”.
17. Mohammed Bundakji
Managing Director, Initial Saudi Group
Mohammed Bundakji, Managing Director of Initial Saudi Group, holds an MBA in international business from London University and is year 2000 founder of Mohammed Issa Bundakji Holding Group. He is also the former chairman of EBCOL.
Initial PLC Group is a group of Saudi local service companies and institutions that provide levels of expertise and experience befitting multinational corporations, while preserving cultural specificities when it comes to prompt implementation of high level services.
As a group, it provides quick and various services that cover all basic building service needs including facilities management, pest control, landscaping, janitorial and security services, general maintenance and various industrial support services.
Each service section was created to provide customers with the highest individualized service standards; in addition to the benefits available through the entire group’s concerted efforts.
The company was founded in 1975 and registered in the United States of America.
In 1986, it merged with Saudi-Arabian companyInitial Plc, a Saudi-British Joint venture.
And since then, the Group has grown and expanded into many facility management support services.
Many of these services come as a result of the joint collaboration with Mace Macro, the pioneeringBritish company in facilities management.
The company deals with a wide portfolio of clients, including Abdul Latif Jameel group, Savola group, the Kanoo group, whom the company has been offering services for over 52 years.
18. Sheikh Yousef Al-Shelash
Chairman, Dar Al-Arkan Real Estate Development Company
Dar Al-Arkan’s chairman is preparing to achieve a quantum leap in the Saudi real estate market.
Al Shelash sees huge potential for property developers in the Kingdom of Saudi Arabia’ housing sector, especially after official figures indicated that the demand for housing units in Saudi Arabia will increase by four million units over the next 15 years.
Established in 1994, Dar Al Arkan won the “The Number One Real Estate Company in the Middle East” Award for 2014.
Recent residential projects include a gated community in the North of Riyadh, and Riyadh Shams project that will provide more than 1110 housing units.
Furthermore, the company plans for a new multi-purpose project in the eastern region which Al Shelash expects to be the largest real estate project in the country.
Al Shelash pointed out that, “This large number will surely provide a strong opportunity for real estate developers, and to an upsurge demand for commercial and touristic real estates, shopping malls and entertainment centres. These factors mean that the coming ten years will see a boom in the real estate sector in the Kingdom of Saudi Arabia”.
Additionally, Dar Al Arkan announced that its net profits for 2013 reached $181m out of $781 million in total revenues.
(19) Ahmed Al Hatti
Chairman, Cayan Company
Ahmed Al Hatti was born in Riyadh and is the man behind the $272m “twisting tower” named Cayan Tower in Dubai Marina.
The 75-storey skyscraper was delivered after seven years of work in June 2013 following a series of delays.
The “Layali” compound is one of the most important projects that the Group recently launched.
Since its inception in real estate development, Cayan has evolved as one of the leading companies in the Middle East in this field.
Cayan gained a remarkable reputation in developing internationally acclaimed real estate projects.
Cayan Group offices are Located in Riyadh – Kingdom of Saudi Arabia and Dubai – UAE.
The group is specialized in developing distinguished projects from residential and commercial towers, to business centres, hotel projects and multi-purpose gated residential neighbourhoods.
Cayan Real Estate Development Group recently launched a subsidiary named “Cayan Homes”, Real Estate Brokers and Marketers in the UAE and the Kingdom of Saudi Arabia.
20. Engineer Muammar Alatawi
Executive Manager- Bin-Shihon Contracting Company
Engineer Muammar Alatawi has several key roles in the Kingdom of Saudi Arabia’s contracting field.
His most important role is developing the sector by chairing the Contractors’ Committee in Jeddah’s Chamber of Commerce and Industry and as a member of the Contractor’s National Committee.
Of course, Al Attawi is an astute engineer and an Executive Manager at Bin-Shihon Contracting Company. He has a Master's Degree in project management from the University of New South Wales in Sydney, Australia - Faculty of Engineering.
Bin Shihon is considered one of the Kingdom of Saudi Arabia’s fastest growing Contracting Institutions in recent years.It aspires to become one of the major names in the Kingdom of Saudi Arabia and the Arabian Gulf’s contracting enterprisesin the coming years.
It is considered a modern company, generally specializing in buildings, but also has numerous road projects as well.
It received the General Authority for Investment’s award for "the fastest growing Saudi Company” for two consecutive years, and managed to be classified to a “grade one” Contractor which allows it to participate in major project tenders in the Kingdom of Saudi Arabia. In recent years, the volume of the Company’s executed works over passed SR1.5 billion and the general volume of projects under construction reached SR500 million a year.
Ben Shihon has developed its business expertise to include not only medical or university construction projects but also gained technical know-how in the implementation of industrial buildings and steel structures, road works especially in rugged areas, in addition to infrastructure works and wastewater networks.