2020 CW Power 100: Nesma & Partners' Imad Gholmieh at No. 34
The firm was awarded a $1.6bn (SAR6.2bn) contract for Phase 1 of the $3.5bn (SAR13bn) The Avenue–Riyadh project
Saudi Arabia-based contractor Nesma & Partners, led by its president and chief executive officer, Imad Gholmieh, has returned to Construction Week’s Power 100 list, which ranks the Middle East’s 100 most influential construction leaders of 2020.
The contracting firm was awarded a $1.6bn (SAR6.2bn) construction contract for Phase 1 of the kingdom’s $3.5bn (SAR13bn) The Avenue–Riyadh project from Shomoul Holding Company, which is part of the Kuwait Bourse-listed real estate firm Mabanee.
The scope of work for Phase 1 of The Avenues–Riyadh project comprises the mall, parking area, gardens, and internals roads.
Nesma & Partners, which is well-recognised for its work in the oil and gas, petrochemicals, water, and power sectors, has been a central figure in KSA’s building space since its original formation in 1981.
The KSA contractor has been involved in a number of civil, building, and infrastructure construction services; industrial mechanical construction services; electro-mechanical construction services; and storm-water drainage projects.
To view the full 2020 Construction Week Power 100 ranking, click here.