2018 Power 100: Top five Saudi contractors
Find out who are the five highest-ranking individuals on Construction Week’s 2018 Power 100 whose companies are headquartered in Saudi Arabia
1. Bakr Bin Laden, Saudi Binladin Group (Power 100 ranking: 16)
Saudi Binladin Group (SBG) remains a force to be reckoned with in the kingdom, despite reports that a major restructuring process is under way at the beleaguered building contractor.
SBG's chairman, Bakr Bin Laden, has kept the ship steady during a period of profound difficulty and helped the ailing heavyweight secure much-needed work on new projects.
With historic projects spanning aviation, healthcare, and education segments under its belt, SBG has continued to win new contracts in the kingdom. Among the new work was a contract to build a palace within the $500bn (SAR1.9trn) Neom megaproject, which many market followers have touted as the most ambitious construction project in the world today.
Its completed projects include the expansion of the Holy Mosque of Makkah, the King Abdullah Economic City, and the Al-Faisaliah Tower.
2. Khaled El Seif, El Seif Engineering (Power 100 ranking: 17)
El Seif Engineering Contracting Company's chairman, Khaled El Seif, leads what some claim is one of the largest and most efficient construction contractors in the entire Kingdom of Saudi Arabia.
With a workforce of more than 40,000 construction professionals, El Seif Engineering Contracting Company has presided over an admirable number of projects spanning high-rise towers, military bases, oil pipelines, roads, airports, and power plants. Its notable projects include the 99-storey Kingdom Centre in Riyadh.
Its pipeline of projects includes large-scale developments in Saudi Arabia and the UAE, including the 520m-tall Entisar Tower in Dubai for Meydan Group.
3. Fakher Al Shawaf, Al-Bawani Construction Power 100 ranking: 19)
Led by chief executive officer Fakher Al-Shawaf, Al-Bawani Construction has struck the right balance between diversification and focusing on core competencies, much as the country evolves to reduce its dependency on petrodollars.
The Riyadh-headquartered company has numerous high-profile projects in Saudi Arabia's most populous cities: Riyadh and Jeddah. In the former, the company's portfolio includes projects for the kingdom's Ministry of Foreign Affairs, in addition to projects for the Financial Plaza, and Arriyadh Development Authority's Arabsat.
In Jeddah, Al-Bawani Construction is involved in a Four Seasons-branded hotel, and is reportedly building Saudia Cargo's new cargo handling facility at the King Abdulaziz International Airport.
Blessed with a keen and analytical mind, Al-Shawaf has a reputation for identifying trends in the kingdom's building market and tapping into them successfully.
4. HRH Prince Khaled bin Alwaleed bin Talal, KBW Investments (Power 100 ranking: 20)
While the KBW Investments conglomerate focuses on a broad spectrum of work, construction and development within the UAE and Saudi Arabia is a key area of focus for a firm that was only founded in 2013.
Led by the group's founder and chairman, HRH Prince Khaled bin Alwaleed bin Talal, KBW Investments has jointly founded Arada with Basma Group. Now, Arada is developing Sharjah's $408m (AED1.5bn) Nasma Residences, as well as the multi-phase $6.5bn (AED24bn) Aljada megaproject.
Bin Talal is a member of Saudi Arabia’s royal family and has grown the conglomerate into an industry giant with a portfolio of companies spanning two continents.
5. Imad Gholmieh, Nesma & Partners (Power 100 ranking: 27)
President and chief executive officer of Saudi Arabian-headquartered Nesma & Partners, Imad Gholmieh, is a long-standing name on Construction Week's Power 100 ranking.
The construction and engineering division of Nesma Holdings was formed in 1981 and has been active in the kingdom's oil, gas, and petrochemical sectors ever since. Its completed projects include civil work for
This year the company broken ground on an 800,000m² residential camp for workers at the greenfield Fadhili gas plant in Jubail, Saudi Arabia, which is a collaboration project with Masic Investment Company.