Khaled Musaed El Seif
Khaled Musaed El Seif, chairman of eponymous El Seif Engineering Contracting, retains the number-three spot in Construction Week’s 2016 Power 100.
The kingdom-based construction giant is also the highest-ranking Saudi Arabian on this year’s list.
El Seif has enjoyed a solid year, both in Saudi Arabia and across the wider Middle East. While many of his competitors have floundered amid lacklustre oil prices, his company has succeeded in maintaining – and growing – a healthy project portfolio.
The firm has acted as main contractor on a broad range of projects in the kingdom, including Haramain High-Speed Rail Project passenger stations in King Abdullah Economic City (KAEC), the five-star Millennium Hotel in Ha’il, a large-scale sports hall and athletics stadium in Jeddah, and underpasses, travelators, tunnels, and land bridges in King Abdullah Financial District (KAFD).
El Seif is also executing a selection of architectural and infrastructure projects, both domestically and internationally. During the coming 12 months, the firm will continue to support construction activities on kingdom-based projects including Samba Headquarters Tower in KAFD and another Millennium Hotel in Tabuk, not to mention 10 residential cities in the Southern Region.
In the neighbouring UAE, El Seif will have involvement in Dubai’s Entisar Tower, and Meydan Heights Residential Development, which will feature 2,200 villas.
The firm also enjoys strong ties with Saudi Arabia’s capital city, Riyadh. Historic projects include Kingdom Tower, and infrastructure and utilities works at Princess Nora bint Abdul Rahman University – a contract that was worth over $2.13bn (SAR8bn).
At present, the company boasts a regional workforce of approximately 40,000 construction professionals, and El Seif told CW that his firm has worked hard to diversify its business activities, with fresh inroads in fields such as commercial and industrial investment, precast production, security, power generation, insurance, and facilities management (FM).