< Previous| POWER 100 | 38 JUNE 2023 Appearing once again in the Power 100 list this year is Khaled Musaed El Seif, the Chairman of El Seif Engineering Contracting Company. Since the establishment of the group in 1951, El Seif Engineering has become synonymous with excellence, delivering remarkable projects that have left a mark on the ever-evolving skylines of major urban centres in the region. Under the visionary leadership of El Seif, the company has been entrusted with numerous landmark ventures that showcase their expertise and commitment to exceptional construction. One such notable project is the iconic Kingdom Tower in Riyadh, an architectural marvel that reaches astonishing heights exceeding 302 metres. El Seif Engineering has also contributed to the development of multiple towers within the King Abdullah Financial District (KAFD) in Riyadh, as well as impressive high-rise buildings in Dubai, Doha, and Beirut. El Seif Engineering sets itself apart by offering an extensive range of services that cater to diverse construction needs. From general contracting and project construction management to design and build services, procurement and construction (EPC), international procurement, logistics, public-private partnerships (PPP), build-operate-transfer (BOT), and operation and maintenance contracts, they have established themselves as a comprehensive solution provider. With Khaled Musaed El Seif at the helm, El Seif Engineering continues to exemplify excellence, innovation, and unwavering commitment to delivering exceptional results. Their impressive portfolio of projects and comprehensive range of services have solidified their position as a leading force in the construction industry. KHALED MUSAED EL SEIF Chairman, El Seif 18 Next up on the list is Riad Bsaibes, the president and CEO of AMANA Contracting, a leading regional player in the design- build construction industry. With a strong background in business strategy, business development, and operational management spanning over 25 years, Bsaibes joined AMANA in 2002, infusing the company with his extensive expertise. In the past year, AMANA has actively pursued digital transformation, focusing on the widespread implementation of Building Information Modeling (BIM) across the organisation. This advanced technology has been seamlessly integrated into project management, manufacturing, finance, and procurement modules, allowing AMANA to leverage smart solutions and optimise their operations. To establish a unified and reliable source of information across their core business processes, AMANA Contracting has successfully integrated the Oracle Fusion Cloud Applications Suite and seamlessly connected with third-party solutions, including BIM. This integration further strengthens their capabilities and enhances their overall efficiency. AMANA has been involved in several significant projects in the UAE, such as the vertical farm for Emirates Crop in Dubai South, the Regional HQ and R&D Centre in Dubai, the Nautilus Data Centre and Offices in Dubai Silicon Oasis, the DB Schenker Central Logistics Centre in Dubai South, and the Nautilus Data Centre and Offices in Kizad, Abu Dhabi. Additionally, AMANA has also contributed to projects like the Al Futtaim Auto Park in Al Ain and various service stations for ADNOC Distribution in Ajman and Sharjah. Furthermore, they have undertaken the construction of the Canada Pavilion at Expo 2020 Dubai. In Saudi Arabia, AMANA has worked on notable projects, including the Al Shaya Warehouse in Sulay, the Red Sea - Coastal Village Enlarged 'Studio' Buildings in Umluj, the Al Shaya - New West Coast Logistics Hub in KAEC, and the Alshaya Food Factory in Sudair, among others. RIAD BSAIBES President & CEO, AMANA Contracting 19JUNE 2023 39 | POWER 100 | Claiming a spot in the Power 100 list is Losberger De Boer’s Francis Scholten, Managing Director of the Rental Projects Division. Losberger De Boer is an international specialist in modular construction and bespoke temporary and semi-permanent Justin Siberell holds the position of Regional President for Europe, Africa, and the Middle East projects at Bechtel. Siberell's responsibilities encompass space solutions. A majority of its projects are targeted for events, commercial and public spaces, civil protection, and defence sectors. Over the past 12 months, Scholten has prioritised the safe and sustainable return of individuals to their desired destinations. Amidst the global economic struggles during the pandemic, Losberger De Boer, in close collaboration with customers, governments, and health authorities, has adapted its structures to design and construct Covid-19 vaccination and testing centers across Europe and the Middle East. Losberger De Boer has successfully provided structures across various sectors and locations to support the recovery of the events industry. managing Bechtel's relationships in the region and providing support to the company's four business units as they undertake projects and pursue new opportunities. Bechtel, established in 1898, boasts an extensive track record, having successfully completed over 25,000 projects in 160 countries across all seven continents. Among their notable projects are the Hamad International Airport, Kuwait Oil Field Restoration, Ras Al Khair Aluminium Smelter in Saudi Arabia, Al Taweelah Alumina Refinery, and the Dubai International Airport. As a company, Bechtel is committed to delivering purposeful projects that leave a positive and enduring legacy. Reappearing on this year’s list is Abdul Rahman Al Marouf, the Chairman of Combined Group Contracting Company (CGCC), headquartered in Kuwait. Established in 1965, CGCC boasts a workforce of over 7,000 construction professionals, including 250 qualified engineers. Under Al Marouf’s leadership, the company’s team has been instrumental in CGCC’s remarkable success and achievements throughout the years. Among its notable projects are the Subiya Power Station, maintenance of main roads in Hawally and Asima governorates, Sabah Al Ahmad City, Kuwait’s College of Arts and College of Education, and more. With a massive revenue growth since its inception, CGCC has demonstrated consistent evolution, strength, and commitment to quality. FRANCIS SCHOLTEN JUSTIN SIBERELL ABDUL RAHMAN AL MAROUF MD, Losberger De Boer ME Region President EMEA, Bechtel Chairman, CGCC 21 20 22| POWER 100 | 40 JUNE 2023 John Flecker, the CEO of Multiplex, plays a crucial role in the growth and management of the Australia- based company. He began his career with Multiplex as a Cadet Site Engineer in 1987 and has since made significant contributions to the company’s success. Standing at the forefront of one of Saudi Arabia’s largest construction companies is Khalid Al Gwaiz, the CEO of Saudi Binladin Group. Established in 1967 as a subsidiary of Flecker actively engages in various industry groups, holding positions such as Director of the Australian Constructors Association (since 2010) and serving as President from 2016 to 2017. In the Middle East, Multiplex Construction has undertaken several notable projects, including ICD Brookfield Place and the Address Residences Jumeirah Resort. The company has garnered recognition for its achievements, receiving multiple honours at the Construction Week Middle East Awards in 2020. They secured the 'Commercial Project of the Year' award for their work on ICD Brookfield Place and received the 'Health and Safety (HSE) Initiative of the Year' for their Workers’ Rights, Representation, and Welfare initiative. Binladin International Holding Group, SBG was founded in partnership with Istidama Holding Company, a subsidiary of Saudi Arabia’s Ministry of Finance. SBG is undergoing a significant transformation programme aimed at establishing a robust financial and operational platform. This transformation aims to capitalise on the substantial market opportunities presented by major construction projects in Saudi Arabia. SBG has been involved in several high- profile projects within Saudi Arabia, including the expansion of the Holy Mosque, the King Abdullah Financial District (KAFD), and the King Abdul Aziz International Airport, among others. Offering everything from pre- construction services to complete turn-key construction projects is Airolink, with its CEO, Anil Pillai sitting at the 24th spot in our contractors list. Pillai, having founded the construction group in Ireland in 2001, now operates in offices across Ireland, Dubai, Abu Dhabi, and India. Airolink offers a comprehensive range of services, from pre-construction to complete turnkey construction projects. The company has an impressive portfolio of projects worth over $1.9 billion, including the construction of six shopping complexes, three hotels, and several government buildings. Airolink has expanded its presence into various sectors, including aviation, trading, hospitality, medical, and finance. Under Pillai's leadership, the Airolink team strives to generate unique design ideas and implement streamlined construction methods. JOHN FLECKER KHALID AL GWAIZ ANIL G PILLAI CEO, Multiplex CEO, Saudi Binladin Group CEO, Airolink 24 23 25JUNE 2023 41 | POWER 100 || POWER 100 | 42 JUNE 2023 Jerry Inzerillo is regarded as one of the world’s great hospitality visionaries. As Group CEO of Diriyah Company, he is responsible for all the work undertaken by the Authority and its management. Securing the first position in the Developers category of the Construction Week Power 100 2023 list, we sat down for an exclusive interview with Inzerillo to delve deeper into Diriyah’s progress. Can you share some of Diriyah’s remarkable accomplishments in the last 12 months and outline the key projects you spearheaded? Most recently, we were proud to permanently open our UNESCO World Heritage Site, At-Turaif, to the world. This was a critical moment not just for Diriyah, but for the Kingdom of Saudi Arabia. It marks the beginning of a new era for Diriyah, The City of Earth. As the kingdom’s most important heritage site, At-Turaif is a monument to the nation’s history. Diriyah also opened its premium dining district, Bujairi Terrace. During this time, I spearheaded Diriyah Company’s opening of Bujairi Terrace, an area within historic Diriyah with sweeping views over At-Turaif and Wadi Hanifah. As with all the buildings in Diriyah, Bujairi Terrace’s restaurants and cafes are inspired by the traditional Najdi architectural style of the region and built using authentic 300-year-old methods from mud bricks. The traditional style is known for its clarity and functional beauty, emblematic of the purity of the Saudi people. More than a million people have visited Bujairi Terrace and At-Turaif JERRY INZERILLO Group CEO, Diriyah Company 1JUNE 2023 43 | POWER 100 | since they opened last year. The total value of the gigaproject currently stands at $63.2 billion. In May 2023, Diriyah announced that it achieved 50 million safe man- hours. It also recently achieved the ISO 45001:2018 certification, which is a testament to Diriyah Company’s importance in keeping its 21,000 workers safe on our development journey. Explain how Diriyah Company’s recent groundbreaking achievements align with its vision for creating an advanced future workspace. The Diriyah Company plans to establish 110,000 m2 of modernised office space spread across 23 high-end office structures in Diriyah, to accommodate professional workspaces in the future. To support this expansion, Salini Saudi Arabia Co. Ltd. was awarded the largest contract to date, $1.06 billion, for the construction of Diriyah Square’s ‘super basement’ car park, a state-of-the-art three-level underground structure that supports the gigaproject’s exciting Diriyah Square. More recently, Diriyah Company has witnessed its largest volume of concrete poured in a single location. As the development of the Diriyah project moves forward, infrastructure progress is yielding significant success. The scale of this single-location pour of reinforced concrete in the Diriyah project demonstrates the technical capabilities of the teams involved. It utilised a fleet of 75+ concrete trucks from five separate batching plants on site and seven pumps, and the pour was completed in 21 hours. Diriyah Company also celebrated the ground breaking of the Northern Cultural District Car Park project (Capella Diriyah), a critical milestone part of the Diriyah gigaproject masterplan. The 2,000-space car park will service assets including King Salman University, the House of Al Saud Museum, and King Salman Library, among others. Elaborate on Diriyah’s sustainability achievements. Diriyah Company has introduced initiatives that improve circular economy and waste management practices, maintain and improve biodiversity, and monitor the environmental footprint. It is also implementing social and economic initiatives that support sustainable mobility, health and well- being and the development of the local economy. From a sustainability certification standpoint, the Diriyah Company has been awarded PreCertified Platinum, the internationally renowned USGBC LEED rating system. In addition, Diriyah Company has also enrolled in Saudi Arabia’s sustainability certification programme, MOSTADAM, which is directly linked with achieving the Vision 2030 objective of improving the quality of life for all Saudis. This is part of Diriyah Company’s commitment to sustainability best practices at all levels. “MORE THAN A MILLION PEOPLE HAVE VISITED BUJAIRI TERRACE AND AT-TURAIF SINCE ITS OPENING LAST YEAR, AND THE TOTAL VALUE OF THE GIGAPROJECT CURRENTLY STANDS AT $63.2 BILLION”| POWER 100 | 44 JUNE 2023 Featured yet again in the Power 100 list, HE Hesham Al Qassim, CEO of Wasl Asset Management Group, is responsible for leading the organisation’s transformation into a world-class asset management company. Al Qassim’s leadership role at Wasl has seen him spearhead the entire operations of the company, which include Wasl Properties, Wasl Hospitality & Leisure, Wasl Real Estate Development, and other key strategic business units. These strategic business units such as Dubai Golf and the Food Tech Valley were launched to transform the UAE into a global hub for tech-based food and agricultural solutions. Currently, Wasl’s portfolio boasts over 50,000 residential and commercial units across Dubai, whereas, in the hospitality sector, the company’s portfolio incorporates 7,960 rooms distributed among 32 hotels and hotel apartments across Dubai. Over the past 12 months, Wasl has handed over several projects across its leasing, freehold, and hospitality portfolio, marking a new milestone. At 1 Residences, the second phase of the Wasl1 freehold development, 753 ready-to- move-in units were completed. Additionally, Wasl sold out all units at Gardenia Townhomes II, which is part of the Wasl Gate master development in Jebel Ali. The company also released over 3,800 units onto the leasing sector, including ‘Wasl Mosaic’ in Al Warsan, ‘South Heights’ in Al Bada’a, and ‘North Heights’ in Al Nahda. In the hospitality sector, Wasl completed the W Dubai Mina Seyahi hotel in Dubai Marina. Wasl also signed agreements with Tradeling and the International Islamic Food Processing Association to collaborate on the Food Tech Valley project, which it will be developing. Since 2014, Wasl has been actively involved in several CSR activities, including contributions to more than 25 schools and educational institutions across Dubai valued at over $1.03 million. This includes support extended to the Dubai Educational Zone, which entails providing students with laptops for their academic needs. HE HESHAM AL QASSIM Vice Chairman & CEO, Wasl Asset Management Group 2 “WASL’S PORTFOLIO BOASTS OVER 50,000 RESIDENTIAL AND COMMERCIAL UNITS AND 7,960 ROOMS IN THE HOSPITALITY SECTOR ACROSS DUBAI”JUNE 2023 45 | POWER 100 | Considered as one of the most influential figures in the real estate sector, David Grover, Group CEO of ROSHN, has attained the third position in the Construction Week Power 100 2023 list. Under his leadership, the PIF-owned gigaproject has attained new heights, positioning ROSHN as Saudi Arabia’s premier and most trusted national real estate developer. With a steadfast commitment to Saudi Arabia’s Vision 2030, ROSHN is spearheading the transformation of the urban landscape, introducing a novel way of living in the kingdom. Through the creation of human-centric, vibrant, and integrated developments, ROSHN is redefining the concept of modern living with an array of health, education, retail, leisure, and civic amenities, along with expansive green spaces and ‘living streets’ that promote wholesome and fulfilling lifestyles. In addition, sustainability lies at the heart of ROSHN’s endeavours, in alignment with Saudi Arabia’s future vision. Moreover, the developer’s immense scale of operations entails forging strategic alliances, sharing knowledge, and leveraging local resources to drive positive economic impact and catalyse growth in the construction and infrastructure sectors. These efforts not only boost the kingdom’s GDP but also create numerous job opportunities. Anchored by technology, innovation, and sustainability, ROSHN is at the forefront of developing world-class real estate offerings that revolutionise how people live, work, and play throughout the kingdom, while preserving and celebrating the nation’s rich cultural heritage. Setting new benchmarks in mainstream development, the company is pioneering sustainable and innovative practices in energy and water usage, materials and waste management, and transport and connectivity. The developer also ensures that its real estate projects retain their value and continue to be inspiring for future generations by implementing comprehensive maintenance and service schedules that are unparalleled in the market. In a historic milestone for Saudi Arabia, ROSHN became the first gigaproject to deliver homes to customers, surpassing all expectations by handing over the keys to residents of SEDRA, its flagship community development in Riyadh, two years ahead of schedule. Following this success, ROSHN launched ALAROUS in Jeddah and announced two more communities, WAREFA in Riyadh and ALFULWA in Al Hofuf. By 2030, ROSHN is dedicated to delivering new housing stock across the kingdom, providing homes for over 3 million residents. ROSHN, under the leadership of Grover, remains resolute in its commitment to extending its new way of life to every corner of the kingdom, elevating the quality of life for all Saudis through its work, partnerships, and philanthropic initiatives. DAVID GROVER Group CEO, ROSHN 3 “SUSTAINABILITY LIES AT THE HEART OF ROSHN’S ENDEAVOURS, IN ALIGNMENT WITH SAUDI ARABIA’S FUTURE VISION”| POWER 100 | 46 JUNE 2023 Mohammed Alabbar, a recurring figure in the Power 100 list, holds the esteemed position of Founder and Chairman at Emaar Properties, a real estate powerhouse based in Dubai, UAE. With an impressive career spanning since 1977, Alabbar has emerged as a prominent figure in the global real estate industry, leaving a significant mark on the landscape of development. As the driving force behind Emaar, Alabbar has played a pivotal role in the company’s growth and success. With his visionary leadership and unparalleled expertise, he has effectively developed a diverse range of assets, including residential, retail, entertainment, hospitality, and leisure properties. This remarkable portfolio has garnered international acclaim and firmly established Emaar as a global player in the real estate market. Under Alabbar’s guidance, Emaar has expanded its presence across more than 20 markets, spanning the Middle East, North and Sub-Saharan Africa, Central and Eastern Europe, South and Southeast Asia, as well as the United States. His strategic ventures have transformed landscapes and elevated the standards of development worldwide. In line with its commitment to innovation and sustainability, Emaar is set to launch eight new properties across the UAE, Saudi Arabia, and Egypt between 2023 and 2024. This expansion reflects the company’s dedication to providing exceptional real estate offerings in key markets. Demonstrating their unwavering dedication to environmental responsibility, Emaar has prioritised sustainability efforts for 2023. The company aims to incorporate green practices across its operations and has identified six key areas for action: guest supplies and F&B, operational practices, waste reduction and recycling, single-use plastic, technology integration, and strategic partnerships. In pursuit of sustainability, Emaar will actively work towards reducing single-use plastic and incorporating more environmentally friendly materials throughout its operations. The company is also focused on utilising biodegradable, compostable, ocean- bound, and recycled materials to minimise its environmental footprint. By embracing sustainable practices, Emaar aims to set an example for the industry and contribute positively to the environment. MOHAMMED ALABBAR Founder & Chairman, Emaar Properties 4 “EMAAR WILL LAUNCH EIGHT NEW PROPERTIES ACROSS THE UAE, KSA, AND EGYPT BETWEEN 2023 AND 2024”JUNE 2023 47 | POWER 100 | Standing at the front-line of Saudi Arabia’s most prominent gigaproject is Nadhmi Al-Nasr, the CEO of futuristic city NEOM. With his career beginning at Saudi Aramco in 1978, Al-Nasr initially worked in engineering services before transitioning to the execution of Saudi Arabia’s Master Gas System. Today, he leads the ambitious NEOM project, which aims to establish one of the most advanced and futuristic smart cities in the world. The vision for NEOM includes hyper-connected communities and a Ranked within the top ten once again is Talal Al Dhiyebi, Group CEO of Abu Dhabi-based Aldar Properties. Al Dhiyebi holds key positions on several company boards, including Chairman of Aldar Investment, Chairman of Aldar Estates, Vice-Chairman of Aldar Education, and more. Having joined the company before becoming CEO in 2017, Al Dhiyebi has held various leadership roles within Aldar Properties since its merger with Sorouh in 2013. In the fiscal year 2021, this real estate development, management, and investment firm achieved net profits of $626.2 million and generated a total revenue of $2.3 billion. Under Al Dhiyebi’s guidance, Aldar Properties has delivered robust financial results driven by the strong performance of the Aldar Development business and the recurring income portfolio of Aldar Investment. His leadership has contributed to the company’s competitive standing in the industry and its ability to capitalise on growth opportunities. In the last 12 months, Aldar has launched a number of projects including commercial assets on Al Maryah Island, self-sustaining food system. NEOM is rapidly progressing with various significant projects taking shape. Work is now well underway for THE LINE, with piling work commenced in April of last year. According to the company, it has also started one of the biggest excavation projects in the world, with around one million m3 of earth being moved every week. Another notable endeavour is the launch of the NEOM’s first island development, Sindalah. Extending over an area of approximately 840,000m2, Sindalah will offer 413 “ultra-premium hotel rooms” in addition to 333 top-end serviced apartments. Demonstrating its commitment to health and well-being, NEOM made a significant appointment in March 2021. The renowned Burj Al Shifa Medical Complex, managed by International SOS - Al Rushaid, was selected to design, construct, and operate a new health and wellness centre within NEOM. Sustainability is at the forefront of NEOM’s mission. The company ‘The Source’ in the Saadiyat Cultural District, The Sustainable City, Yas Island, and Yas Park Gate among others. In addition to this, the developer also experienced a successful 2022 with results showing a 35% improvement in net profits as revenue surged amid growing sales. “Aldar has entered a new phase of growth that has driven record financial results in 2022 and reinforced the company’s status as a major force in the regional real estate sector,” said Al Dhiyebi. In February 2023, an Aldar-Dubai Holding JV was formed with the Abu Dhabi-headquartered developer planning to launch community real estate projects in three locations in collaboration with the Dubai company. The Aldar-Dubai Holding JV will cover community development across the suburban heart of Dubai. With sustainability as an integral part of their business strategy, Al Dhiyebi’s leadership will align the company’s approach and policies, creating a business strategy that imposes a positive impact on the economy, environment, and people. has an unwavering commitment to social responsibility and a promise to safeguard its most valuable resources; its people and the planet. NEOM has taken a human-centric approach to development, placing the needs and capabilities of local communities at the centre of its decision-making process. TALAL AL DHIYEBI CEO, NEOM CEO, Aldar Properties 5 NADHMI AL-NASR 6Next >