It’s one of Saudi’s biggest constructors involved in the big projects across the kingdom but 2012 was a tough year which has seen Ali Al-Khodari slip from last year’s number 9 position.
Ali Al-Khodari has successfully overseen the transition of a successful contracting firm into a publicly-listed company as part of an overall growth and diversification strategy.
But in 2012 labour and material woes saw a slight stutter in its continuing success story despite huge spending by the Saudi government.
His company’s projects include the construction, maintenance, operation, and servicing of large highways, roads, bridges, and related works.
The giant contractor blamed rising material and labour costs for a drop in profits to $36.1m. In 2012 the company revealed a staff turnover of up to 40%, blaming the difficulties of getting enough work visas for foreign staff and the costs incurred as part of hiring and training nationals for its workforce to meet government policy.
New contract awards during the year stood at $253.3m - 17% lower than the $305.6m won in 2011. One of the company’s biggest strengths is its ability to compete on many fronts, as well as exploit opportunities to work with fellow contractors. However, it has developed a niche in servicing govermnent clients - around 95% of its current workload comes from public sector bodies.
Al-Khodari will deal with his home problems but his company also has an office in Abu Dhabi and is looking to expand to Qatar.