Abdullah Saad Al-Rashid
This giant Saudi contractor, established in 1957 and led by Abdullah Saad Al Rashid, continues to be a dominant force in the country’s construction boom.
Abdullah Al Rashid & Brothers was established in 1957 in Al Hufof city and after relocating its headquarters to Riyadh, the company merged with Rashid Abdulrahman Al Rashid Company to form Al Rashid Trading & Contracting Company.
Its chairman is one of the most powerful men in the construction industry and its involvement in the all areas of construction growth in the region is enormous.
Awarded ‘Class A contractor’ status by the Ministry of Housing & Public Works, RTCC has also established affiliates with several international companies, collaborating on successful joint venture projects.
In partnership with Germany’s EADS, RTCC secured one of the most high-profile but sensitive projects to be tendered in Saudi Arabia in years - its border fences.
The kingdom’s $3 billion border fence project covers a distance of about 6,000km to detect incursions along its border with Iraq, Yemen, Jordan, Kuwait and Qatar.
Another of its high-profile contracts came back in 2009 when it won a $427 million contract to build residences for staff at King Saud University in Riyadh.
RTCC has invested in housing projects, agriculture, industry and banking. It also built a vast shopping mall, the Al Rashid Mall in Al Khobar.
And since its inception in 1976, Saudi Services for Electro Mechanic Works Company Ltd (SSEM) has established itself as one of the leading Saudi companies in the execution of large and diverse construction projects. SSEM is a 100%-Saudi owned company of the Al Rashid Group.
Additionally, Al Rashid Abetong Co Ltd (ARA) was formed in 1977 as a joint venture company between RTCC and Abetong AB of Heidelberg Cement Norden Europe.
ARA is specialised in pre-cast, ready mixed concrete and building systems through three plants in Riyadh, and in 1984 introduced Saudi to the most modern pre-cast system for long-span construction, known as the ‘Swede Beam System’.