2020 CW Power 100: Abdulaziz Al-Duailej ranked at No. 31
KSA’s biggest construction company overhauled its top management, and is led by Abdulaziz Al-Duailej as chairman
Despite a tumultuous couple of years for Saudi Bin Ladin Group (SBG), the contracting giant continues to be an influential name within the GCC’s construction sector.
Known for its high-profile projects such as the Grand Mosque expansion project, Saudi Arabia’s construction company overhauled its top management, and is now led by Abdulaziz Al-Duailej as chairman, and Khalid Al Gwaiz as the chief executive officer.
The firm is also reorganising under a new entity Bin Ladin International Holding Group, with the Saudi Government taking control of 36.22% of the firm through Istidama – a subsidiary of Saudi Arabia’s Ministry of Finance. The group is undertaking a $15bn debt restructuring to overcome delayed payments; and a decrease in oil prices.
Touted as Saudi Arabia’s largest construction firm, its projects have included the King Abdul Aziz International Airport; the King Saud University; the King Abdullah Economic City; the Al-Jamarat Bridge; the new Alhada Highway; the Jabal Omar Project; and the new Hajj Terminals project, among others.
In the UAE, the firm’s projects include the Sharjah International Airport; the Fujairah Airport; and the Al Barsha Traffic Management Centre in Dubai.
To view the full 2020 Construction Week Power 100 ranking, click here.