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Ayman Hariri
4

Ayman Hariri

Vice Chairman and Deputy CEO, Saudi Oger
Bakr Bin Ladin
Said T Khoury

Ayman Hariri, who is just 35, typifies the new breed of dynamic constructors in the region and looks set to take his company forward in 2013.

With a personal wealth estimated at $1.35 billion, he is the son of Rafic Hariri, the Lebanese Prime Minister who was killed in 2005 when his motorcade was blown up in Beirut.

Hariri has seen his company deeply involved in the massive redevelopment of Saudi Arabia including the King Abdulaziz Centre for World Culture in Riyadh and four towers in the King Abdullah Economic City development.

Elsewhere, Saudi Oger is part of the Arabtec-led consortium named in January as the builders of the $653 Louvre Museum in Abu Dhabi.

While construction is at its heart, Hariri has overseen the company’s diversification into facilities management, telecoms and utilities proving his willingness to expand.

Its venture into banking has been less successful and company took out a $1.03bn syndicated loan in February, which will be used to replace debt related to its shares in Jordan’s Arab Bank.

Saudi Oger tapped the international loan market in August 2011 for a $2bn loan to build new police training facilities in Saudi Arabia.

At the time it was reported the company had reached its lending limits in some places but it was seen as a major recipient of the kingdom’s $400 billion spending plans over the next five years, so a three bank, dual currency loan was agreed.

Other player

Kez Taylor
1
ALEC
Yu Tao
2
CSCEC ME
Hamish Tyrwhitt
3
Arabtec Holding / Depa Group
Emad Azmy
4
Emad Azmy
Dr Eng Sani Sener
5
TAV Group
Samer Khoury
6
Consolidated Contractors Company (CCC)
Mohamed Alabbar
8
Emaar Properties
Stephen Flint
9
Khansaheb Civil Engineering
Patrick McKinney
10
BAM International

Awards

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Conferences

Construction Week's Leaders Kuwait 2019 summit kicks off today
More than 100 decision-makers from Kuwait's construction industry to convene at conference in Kuwait City
HKA: Volume of construction disputes to stay consistent in 2019
EXCLUSIVE: Consultancy’s Michael McSorley talks about methods to avoid and ‘speedily resolve’ construction disputes

Latest Issue

Construction Week - Issue 751
Oct 13, 2019