< Previous| TOP 30 KSA CONTRACTORS| 30 APRIL 2024 THE BUILDERS OF THE KINGDOM Construction Week Middle East highlights the top 30 construction rms operating in Saudi Arabia in 2024 | TOP 30 KSA CONTRACTORS || TOP 30 KSA CONTRACTORS | APRIL 2024 31 In 2024, the annual ranking of the top 30 construction contractors in Saudi Arabia resurfaces, shedding light on the largest and most infl uential fi rms in the kingdom. As timelines tighten and activity surges on the gigaprojects driving Vision 2030, Construction Week Middle East engages with the companies driving Saudi Arabia’s economic transformation away from oil, via their extensive work across thousands of project sites nationwide. The compilation process involved reaching out to domestic contractors within the kingdom and distributing a questionnaire focusing on four key criteria: notable achievements in the past 12 months, projects completed within the 2023-2024 timeframe, current backlogs, and 2023 revenue. Subsequently, the editorial team meticulously curated the gathered data, leveraging publicly available information and their own expertise to identify the most dynamic construction fi rms in the kingdom, culminating in the fi nal rankings. | TOP 30 KSA CONTRACTORS | Scan the QR code to view the full list on constructionweekonline.com.32 APRIL 2024 | TOP 30 KSA CONTRACTORS | Nesma & Partners, a forefront constructor in Saudi Arabia, has seen remarkable growth and achievements throughout the past year, notably with the acquisition of Kent, a global engineering and project management leader in the energy sector, in January 2024. This strategic move not only broadens their market access but also underscores a shared dedication to sustainable development and local content enhancement through initiatives like the Local Supplier Development Program. Furthermore, the company’s focus on training and development is evident through the Nesma High Training Institute (NHTI), which has equipped over 16,000 Saudi youth with essential skills since its inception in 2012. This further emphasises its role in nurturing local talent and contributing to the kingdom’s Vision 2030. The company’s commitment to safety has led to over 125 million safe man-hours across various projects, reinforcing its industry leadership in safety standards. Their project portfolio showcases their capability to execute complex projects with precision, including the completed Red Sea Airport Airside and Samhan Carpark, AlUla developments, Trojena Base Camps, as well as vital installations for Saudi Aramco. Projects like the Riyadh Metro Line 3, the MASAR KAAR Project in Makkah, and NEOM Staff Accommodation Villages demonstrate signifi cant progress, aligning with Saudi Arabia’s infrastructure and visionary goals. Moreover, ongoing endeavours like the Ministry of Defence airbases, the Sindalah Island development, King Salman Park, and the Avenues highlight Nesma & Partners’ versatile project management skills, which aim to improve community, tourism, and the kingdom’s security. Digital transformation remains a key focus, with the development and enhancement of digital solutions streamlining operational procedures. Strategy 2030 outlines a vision for growth, enhanced EPC capabilities, and organisational excellence, positioning Nesma & Partners as a local and global construction industry leader. Led by President and CEO Samer Abdul Samad, the company distinguishes itself through a commitment to excellence, integrity, and innovation. With a diversifi ed portfolio in energy, building construction, and infrastructure, it contributes signifi cantly to Saudi Arabia’s development and the realisation of Vision 2030. “Our skilled team combines advanced technology and a collaborative approach to ensure exceptional results that exceed industry standards” NESMA & PARTNERS 1APRIL 2024 33 | TOP 30 KSA CONTRACTORS | Established in 1975, El Seif Engineering Contracting is one of the oldest and most respected engineering and construction companies with a long, rich history of delivering mega and gigaprojects that have transformed the skylines of the kingdom and the region’s major urban centres. A world class provider of engineering and construction, El Seif is heavily invested in innovation and digital technologies—fi rst in the country to implement Oracle Fusion, transforming to an effi cient back offi ce on cloud to support growth and scale in the future and ensure productive virtual operations. It is also the fi rst in the country to achieve BIM ISO 19650, a benchmark for excellence in digital engineering and virtual project delivery, and fi rst to implement a company- wide full (AI) EPC digital transformation. The company specialises in heavy civil and infrastructure, iconic buildings and high rise, public works, defence and special projects. A leading player in the construction of Vision 2030, El Seif’s diversifi ed portfolio has over 23,000 people currently delivering over $11 billion (SAR 41 billion) of reference landmark projects. Some of El Seif’s iconic and transformational projects include The Kingdom Tower in Riyadh, and more recently, the Diriyah infrastructure and tunnels, the Qiddiya water theme park—largest in the MENA region, and the Formula 1 speedpark gigaprojects, underpass and tunnels at Sports Boulevard, King Salman Park’s recently opened Abu Bakr road tunnel, the longest in the city, design build precast concrete factories including production for NEOM, and Aramco’s PPP project at Tanajib village, in addition to public sector military and defence megaprojects. El Seif’s vision is to deliver inspirational projects that positively impact the economy “El Seif’s dedication and long track record not only reinforces its status as a premier contractor in KSA but also across the broader Middle East” and improve the quality of life in the kingdom. That vision is underpinned by El Seif’s unwavering commitment to its core values of excellence, innovation, and integrity in everything it does. PIF’s equity partnership in El Seif Engineering Contracting last year demonstrated the commitment and stature of El Seif as a leading player in the future growth of the kingdom and the broader region. El Seif’s world class people and processes are its largest diff erentiator; its optimised strategies and innovative procurement and contracting techniques, growing resources, and expanding activities in strategic sectors of its regional markets underpins El Seif ‘s role as an instrument in the region’s progress towards a better future. EL SEIF ENGINEERING CONTRACTING 234 APRIL 2024 | TOP 30 KSA CONTRACTORS | ALBAWANI 3 Established in 1991, AlBawani has emerged as a leading construction fi rm in Saudi Arabia, known for its resilience, consistent expansion, and diversifi ed portfolio. Operating across various sectors, the company collaborates with governmental, semi-governmental, and private entities while actively supporting the objectives of Vision 2030. Over the last few years, AlBawani has reached signifi cant milestones, notably forming a strategic alliance with the Public Investment Fund (PIF). This partnership will facilitate the company’s capacity expansion, capability enhancement, and technological advancement, thereby bolstering local supply chains for present and future projects within the kingdom. Moreover, AlBawani demonstrates a steadfast commitment to digital transformation and technological innovation, spearheaded by CEO Fakher Alshawaf. This dedication has facilitated smooth transitions, enabling the adaptation of group processes, business models, and existing technologies to meet evolving demands. Renowned for its impeccable track record, timely project delivery, eff ective management, and embrace of innovation, AlBawani prioritises corporate governance, social responsibility, and a robust health, safety, and environment (HSE) culture. The company’s widespread geographical presence throughout Saudi Arabia, coupled with access to extensive resources, positions it as a pivotal player in realising the ambitious goals of Saudi Arabia’s Vision 2030. “AlBawani prioritises corporate governance, social responsibility, and a robust health, safety, and environment (HSE) culture”APRIL 2024 35 | TOP 30 KSA CONTRACTORS | Ranked at number four is Almabani, a prominent contractor headquartered in Jeddah, renowned for its involvement in major mega and gigaprojects across the kingdom. In celebration of its 50th anniversary in 2023, Almabani announced a strategic partnership with the Public Investment Fund (PIF) to bolster key sectors aligning with Vision 2030 objectives. In the past few years, the company secured contracts for eight new projects totaling $1.7 billion. Additionally, Almabani “In the realm of digitalisation, Almabani is harnessing various resources to advance and innovate its construction technologies” won contracts for projects within Riyadh’s Sports Boulevard development and Saudi’s historical city of AlUla. Noteworthy projects in its portfolio include Six Flags Qiddiya, The Red Sea International Airport, Riyadh Metro Project, and King Abdul Aziz International Airport Phase 1, among others. In the realm of digitalisation, Almabani is harnessing various resources to advance and innovate its construction technologies, aiming to enhance developments and increase market competitiveness. ALMABANI 436 APRIL 2024 | TOP 30 KSA CONTRACTORS | Over the past year, IHCC has emerged as a leading contributor to the monumental transformation of the kingdom’s landscape, playing a signifi cant role in the development of gigaprojects not only in Saudi Arabia but also extending its expertise to the UAE, Egypt, and Morocco. IHCC’s achievements over the last 12 months encompass a broad spectrum of industries, including healthcare, education, mixed- use, hospitality, and commercial sectors, showcasing its versatility and capability to deliver integrated construction solutions. One of IHCC’s notable projects includes a mega medical city in Alexandria, Egypt, featuring a 300-bed main hospital and other advanced facilities, with a total build-up area of approximately 90,000m2, delivered and handed over as a turnkey project. In Dubai, IHCC successfully handed over a Center of Excellence project comprising four high-end mid-rise buildings with a built-up area of 85,000m2. Among other projects, currently, IHCC is executing fi ve contracts for luxury Public Investment Fund (PIF) developments, in addition to a signifi cant contract with ASFAR (a PIF company) to develop a luxury fi ve-star wellness and hospitality resort in Taif City. This extensive portfolio demonstrates IHCC’s commitment to excellence and innovation in constructing complex, high-end structures. In the past 12 months, IHCC has also initiated several signifi cant projects, including other luxury resorts for PIF entities, two high-end residential towers in Jeddah (one of which is a 35-storey tower), a commercial complex, a luxury offi ce tower in Jeddah, a high-tech university in Dammam, a mixed-use project in Dubai, and a large-scale advanced medical city in Morocco, among others. With a total project value exceeding several billion dollars, IHCC’s projects in the region showcase its strong market position and potential for growth. IHCC 5APRIL 2024 37 | TOP 30 KSA CONTRACTORS | In light of IHCC’s commitment to delivering comprehensive and tailored solutions to clients, the company acknowledges the signifi cance of specialisation. As a result, IHCC has established specialised and dedicated business units such as MEP, fi t-out, facilities management, design, investments and PPPs, and energy effi ciency and sustainability. This strategic approach allows IHCC to off er a diverse range of expertise and integrated services, meeting the unique needs and requirements of each project. Moreover, IHCC is committed to reducing reliance on imports and promoting self- suffi ciency in the construction industry. The establishment of IHCC Industries, which specialises in metal works and façade systems solutions, exemplifi es IHCC’s dedication to local manufacturing. Looking ahead, IHCC aligns its vision with Saudi Arabia’s Vision 2030, emphasising digitisation and technological innovation to advance the kingdom’s infrastructure. The company has been a pioneer in implementing Building Information Modeling (BIM) and continues to lead in technology adoption across all disciplines. IHCC’s commitment to the kingdom’s vision is echoed by Sultan Sobhi Batterjee, Chairman & CEO, who states, “Our expansion plans support the country’s Vision 2030; we are supporting the country’s vision of exporting the local content to out of the kingdom, as we are delivering mega projects in UAE, Egypt and Morocco at present. “Additionally, we can confi rm that we have ongoing contracts for the development of the announced gigaprojects within the kingdom. Our existing growth, capabilities, experience, and track record, in combination with our future plans, have granted us a leading role in the next 12 months.” This statement not only underscores IHCC’s contributions to the kingdom’s development but also its strategic role in exporting Saudi expertise internationally. IHCC’s extensive growth, capabilities, experience, and proven track record, combined with its ambitious future plans, position it as a leading entity in shaping the kingdom’s future infrastructure, thereby playing a pivotal role in the realisation of Saudi Arabia’s Vision 2030. “IHCC stands firmly aligned with Saudi Arabia’s 2030 vision, prioritising local content and contributing to the nation’s progressive journey towards economic diversification and sustainable development”38 APRIL 2024 | TOP 30 KSA CONTRACTORS | SHAHM CONTRACTING COMPANY 6 Shahm Contracting Company, headquartered in Jeddah, has established itself as a prominent player in the construction industry since its inception in 2006. Committed to contributing to Saudi Arabia’s reconstruction eff orts, Shahm specialises in housing and infrastructure projects, renowned for its swift and effi cient project delivery. Among Shahm’s notable accomplishments are the completion of the Shams Al Dyar project, along with the delivery of over 600 units in Luluat Al-Dyar and 1,000 units in Bouvardia City, Jeddah. Recognising the pivotal role of digital transformation in the construction sector, Shahm has embraced a digital-fi rst approach, fostering innovation, adaptability, and collaboration. Understanding that digital transformation transcends mere technological upgrades, the company has integrated digital solutions to monitor project progress, analyse data, and facilitate data-driven decision-making. Emphasising sustainability and collaboration, Shahm aims to deliver value to its clients, employees, and stakeholders. Leveraging its extensive industry expertise, the company consistently delivers exceptional work aligned with the objectives of Vision 2030. Furthermore, Shahm acknowledges the evolving landscape of the contracting sector in Saudi Arabia and prioritises the development of sustainable building systems. By implementing cutting-edge construction technologies, Shahm ensures high-quality execution and adherence to project timelines. Under the guidance of its chairman, Eng Muammar Al-Atawi, Shahm is spearheading transformation within the contracting sector, positioning itself to compete eff ectively in global markets. The fi rm’s success is attributed to its unwavering commitment, dedication to quality, and seamless collaboration among its teams. “Shahm’s success is attributed to its dedication to quality and seamless collaboration among its teams”APRIL 2024 39 | TOP 30 KSA CONTRACTORS | Over the past year, Construction & Planning Co. (C&P) has cemented its position as a leading contractor in Saudi Arabia, achieving signifi cant success across a variety of megaprojects and endeavours. Notable achievements include being appointed as the main contractor for the Riyadh Air HQ megaproject and Osool’s ECI Digital City 02 megaproject, alongside First Avenue’s upcoming business hub in Riyadh, which spans over 34,000m2, and the much anticipated La Perle Mall by Oud in Jeddah. The company has also completed the design and fi t-out of several prestigious headquarters, including Red Sea Global, the Ministry of Economy and Planning, Buro Happold, and UCI, amongst others, further showcasing its expertise in delivering highquality, sustainable spaces. C&P’s commitment to sustainability is evident through its certifi cation of projects with LEED standards, which supports Vision 2030’s sustainability goals. This commitment and the launch of new subsidiaries— CRAFTED, The Joinery Factory by C&P, The Quarry, and BACH United Industrial Co.—highlight its continuous growth and diversifi cation. With a total built-up area exceeding 252,000m2 for projects delivered over the past 12 months and further portfolio diversifi cation including strategic CONSTRUCTION & PLANNING CO. “Our commitment to excellence and proven track record of delivering projects on time and within budget are what distinguish us as one of the top contractors in KSA” Samer Najjar, VP Operations, C&P partnerships such as the one with Ayana Holding, a premium UAE-based company for real estate development, the launch of an aluminium and glass production factory in Riyadh, a new HQ in Egypt, and the acquisition of a logistics company in China, C&P is poised for further success. Looking ahead, C&P aims to develop further megaprojects that contribute to the kingdom’s welfare, apply LEED standards more broadly, and expand through strategic mergers and acquisitions. 7Next >