Bakr Bin Ladin
Bakr Bin Ladin continues to lead the kingdom’s largest construction firm, and continues to use its vast wealth investing in both iconic and regular building projects across Saudi Arabia.
The Bin Ladin Group has major subsidiaries across the region and the firm has come to work on some of the Saudi Arabia’s largest projects, including the 1,800km North-South railway project, the $36bn King Abdullah Economic City (KAEC), and both the Abraj Al Bait and Jabal Omar schemes in Makkah.
His company has secured the country’s most prestigious projects with the mammoth $7.2 billion contract in 2010 for the first phase of the King Abdulaziz International Airport in Jeddah and the 2011 award of the long-anticipated deal for the Kingdom Tower.
The tower, now set for completion in 2018 following the appointment in February this year of a EC Harris-Mace JV to project manage the iconic build.
BinLadin Group is not only building the 1km-high tower, set to be the world’s tallest, it also owns a 17% stake in the Jeddah Economic Company - the business responsible for developing both the building and the surrounding Kingdom City. In 2012, Saudi Binladin was involved in the expansion of Makkah’s holy mosque.
Recent years have seen a determined push in the Far East and China in what is viewed very much as a Saudi company showing signs of becoming a more approachable company.