< Previous40 APRIL 2024 | TOP 30 KSA CONTRACTORS | AL-AYUNI INVESTMENT & CONTRACTING CONTRACTING AND CONSTRUCTION ENTERPRISES 8 9 Established in 1992, Contracting and Construction Enterprises (CCE) stands out as a privately owned general contracting fi rm based in Riyadh, known for its expertise in engineering, procurement, and construction (EPC) services. As a contractor, CCE has been recognised for its reliability and esteemed stature and has emerged as a trusted provider of large- scale EPC contracts, collaborating with esteemed private and public sector entities across the kingdom and the wider region. Notable clients include industry giants such as Saudi Aramco, SABIC, BACS, Riyadh Metro Project, and Saudi Electric Company, among others. Furthermore, CCE has successfully executed projects in partnership with international fi rms like Samsung C&T. Throughout 2022-2023, CCE has undertaken several noteworthy projects, notably contributing to The Red Sea Project by delivering the expansive 1.5 million m2 Coastal Village by mid-2022. Beyond its impressive project delivery record, CCE has cemented its position as a leading advocate for health, safety, and environment (HSE) standards in the region. The company’s unwavering commitment to safety extends not only to its own workforce but also encompasses subcontractors, clients, and other stakeholders involved in its projects. Maintaining its position from the past two years, Al-Ayuni Investment & Contracting continues to excel as a Riyadh-based contractor since its establishment in 2006. Renowned for its expertise in roads, concrete works, railway, and bridge projects, Al-Ayuni caters to both public and private sectors, boasting a highly skilled and coordinated workforce nationwide. With a workforce exceeding 8,000 multinational professionals and a fl eet of over 6,000 machinery and equipment, Al-Ayuni has successfully delivered over 500 projects for more than 50 clients to date. Among its notable completed projects are the Sharma to Tabuk road upgrade, the Tabuk Madina expressway fl yover at Old Madina Road, and the Wadi Hanifa development. Presently, Al-Ayuni is actively engaged in various projects, including infrastructure and utilities development at Jeddah Oasis industrial area, city center Markaz Al-Idari site development, and Phase 2 of the Dareen East Beach project in Jubail.APRIL 2024 41 | TOP 30 KSA CONTRACTORS | In the last 12 months, Alfanar Projects has distinguished itself as a frontrunner in the global push towards sustainability, recording signifi cant milestones in its mission to foster a greener planet. The company’s expertise in wind, solar, and green hydrogen technologies has enabled partnerships with nations aiming to achieve their net-zero carbon goals. Notably, Alfanar Projects has completed the Feed Stage 1 for the largest Sustainable Aviation Fuel (SAF) project in the EU, marked a major achievement in smart metre provisioning in India, and secured the fi rst utility-scale battery storage and fuel displacement project in Saudi Arabia. Furthermore, the company has initiated and advanced key projects, including the development of NEOM residential communities and several other signifi cant ventures, such as the Tuwaiq Casting & Forging factory, the PP10 liquid displacements project, and the Bisha Battery Energy Storage System (BESS). Alfanar Projects is aligned with KSA’s Vision 2030, focusing on sustainability, talent development, innovation, and global collaboration. The company is dedicated to using cutting-edge technology in renewable energy to foster innovation and contribute to achieving global carbon-zero goals. Looking forward, Alfanar Projects emphasises “Alfanar Projects is aligned with Saudi Arabia’s Vision 2030, focusing on sustainability, talent development, innovation, and global collaboration” investing in its team, developing their skills, and ensuring their comfort and safety, thereby nurturing the most vital assets of the organisation. The company also aims to expand its global footprint, exchange knowledge and expertise, and contribute to global sustainable development goals through strategic partnerships and international collaborations, reinforcing its commitment to leading the transition to a sustainable energy future. ALFANAR PROJECTS 1042 APRIL 2024 | TOP 30 KSA CONTRACTORS | ALKIFAH CONTRACTING COMPANY 11 Alkifah Contracting Company has experienced signifi cant growth and success over the past 12 months, marked by strategic initiatives and expansion eff orts aligning with Saudi Arabia’s Vision 2030. Their commitment to transformative goals has led them to diversify into various sectors, including MEP and energy solutions, infrastructure, and earthmoving. Notably, they have launched new companies specialising in these areas and invested substantially in their workforce through mentorship programs and succession planning. Recognising the importance of partnerships, Alkifah has established a dedicated vendor relationship department and implemented a comprehensive sustainability strategy focusing on environmental, social, and governance pillars. Moreover, their implementation of a robust loss prevention system underscores their dedication to ensuring a safe working environment for their valued employees. In the past year, Alkifah Contracting has undertaken several key projects, including completion works on Dar Al Hijrah, Sedra District Phase 1B, and Ewan Mews mixed-use complex in Jubail. These projects collectively represent a substantial value, demonstrating their capability and commitment to excellence. Looking ahead, their vision for the next fi ve years is to establish themselves as a leading managing contractor in the entertainment, sports, and hospitality sectors. To achieve this, they’ve launched an innovation lab and are investing in cutting-edge construction technologies. Their focus on human capital management, local talent retention, and strategic expansion aligns seamlessly with Vision 2030’s objectives. The leadership team at Alkifah Contracting attributes their success to their 54-year legacy, customer-centric approach, and integrated services spanning design, construction, project management, and more. They pride themselves on their commitment to sustainability, innovation, and quality, driving them to exceed expectations and contribute meaningfully to Saudi Arabia’s progress. “Our vision in the next five years is to establish ourselves as a leading contractor in the entertainment, sports, and hospitality sectors”APRIL 2024 43 | TOP 30 KSA CONTRACTORS | In an impressive display of industry leadership, Mofarreh AlHarbi & Partners has charted a course of remarkable achievements over the last year, showcasing not just fi nancial acumen with a $1.01 bn (SAR 3.8 bn) increase in invoiced amounts, but also a steadfast dedication to safety and environmental stewardship. Headquartered in Dammam with branches spanning across the country, including NEOM and Riyadh, the contractor is strategically positioned to serve clients across the kingdom. The company’s project portfolio, valued at nearly $1.6 bn (SAR 6.2 bn), spans critical infrastructure developments and site preparations for major clients like NEOM, Aramco, NPCC, and RCJY, refl ecting its vital role in Saudi Arabia’s ambitious growth. Scope of work for the projects include early works, site preparation, as well as infrastructure works. In addition, through strategic digital transformations, including the adoption of cutting-edge ERP systems and drone technology, Mofarreh stands at the forefront of operational effi ciency and innovation. Sustainability and digitalisation are at the heart of the company’s strategy, with signifi cant investments in BIM and the creation of a dedicated sustainability management role in NEOM to drive environmental initiatives. These eff orts are complemented by a strong focus on quality management and workforce development, underscoring a holistic approach to building the future of Saudi Arabia’s infrastructure. Positioned as a key player in the kingdom’s construction sector, Mofarreh is not just achieving milestones but setting new standards. The company’s alignment with Vision 2030’s goals, including economic diversifi cation and societal advancement, positions it as a beacon of progress and a champion of sustainability and innovation in the kingdom’s bustling construction landscape. “Our commitment to delivering exceptional customer service knows no bounds; we prioritise our client’s needs above all else, foregoing considerations of time or cost” MOFARREH ALHARBI & PARTNERS 1244 APRIL 2024 | TOP 30 KSA CONTRACTORS | Over the past year, BEC Arabia has taken signifi cant strides in the construction industry, achieving a 135% increase in revenue and expanding its project portfolio to exceed $1.33 billion. This growth is attributed to strategic team reorganisations and the successful integration of three new subsidiaries specialising in landscaping, MEP, and infrastructure. These developments have diversifi ed BEC Arabia’s service off erings and reinforced its innovative leadership. Signifi cant projects during this period include collaborations with Red Sea Global for the AMAALA project, the Royal Commission of AlUla, the construction of the Hampton by Hilton hotel in the NEOM community, and furthering its developments on Sindalah Island. This expansion aligns with Saudi Arabia’s Vision 2030, emphasising the company’s role in sustainable development and economic diversifi cation. Looking ahead, BEC Arabia plans to enter new markets and sectors, further contributing to the national economy and the construction sector. The company is also focused on investing in local talent and pioneering innovative construction techniques. Bakhit Al Dossari, Managing Partner, underscores BEC Arabia’s distinction as a top contractor in KSA, credited to their commitment to health and safety, ability to deliver fast-track megaprojects, and strategic investments. This approach not only sets BEC Arabia apart but also supports the kingdom’s sustainable and prosperous future, which aligns with Vision 2030. “Exceeding the blueprint of construction, BEC Arabia aspires to craft legacies that bolster the nation’s progression, marking our legacy with each project” BEC ARABIA 13APRIL 2024 45 | TOP 30 KSA CONTRACTORS | In the past year, MARCO has not only maintained its reputation for being a trustworthy partner committed to putting projects fi rst but also achieved signifi cant milestones and growth. Highlights include reaching 5,000,000 man-hours without incidents at the Diriyah Bab Samhan Hotel project and achieving a 50% growth in both resources and fi nancial fi gures, with another 50% growth projected for 2024. MARCO has embraced technology by integrating AI software for precise construction material calculations, enhancing effi ciency and accuracy. The company has also made substantial investments in advanced construction equipment. Over the past few years, MARCO has focused on expanding its high-end fi t-out construction capabilities and has recently mastered landscape construction. As a leading government contractor, MARCO is aligned with KSA’s Vision 2030, contributing to infrastructure and green urban development, as well as enhancing the quality of life. In 2023, the company was awarded four projects supporting these objectives, including the design and build of three parcels at KAFD off ering 2,350 parking lots and various facilities to KAFD residents. Additionally, MARCO has undertaken the landscape construction job of three districts with the Royal Commission for Riyadh City’s Green Riyadh Team. The Forum Offi ces project at Misk City further underscores MARCO’s commitment to these goals, off ering commercial spaces for new tenants. Under its highly involved and experienced leadership since 1982, MARCO stands out for its proactive, detail-oriented approach, focusing on delivering excellence in every project. To address the challenges posed by Vision 2030’s projects, MARCO has been investing in recruiting a talented team capable of providing on-site leadership and off ering the best technical proposals to help project developers achieve their goals and ambitions. “MARCO offers a hands-on approach and attention to detail through a dedicated team to get projects completed the right way” MARCO 1446 APRIL 2024 | TOP 30 KSA CONTRACTORS | UNIMAC, a pioneering contractor with over 45 years of industry experience, has demonstrated remarkable success and growth, particularly evident in its pivotal role in the construction of the Jeddah Corniche Circuit for the Formula 1 Saudi Arabian Grand Prix. This achievement highlights UNIMAC’s readiness to embrace the challenges and opportunities presented by Saudi Vision 2030, guiding the company through a strategic expansion and an in-depth corporate restructuring aimed at enhancing its market position and dlivering the company’s long- term vision. Through evaluating and upgrading its facilities to comply with stringent environmental standards, UNIMAC has established new divisions to develop specialised products and secure a competitive edge. In addition, a key to UNIMAC’s strategy is the attraction of top talent, resulting in a diverse workforce representing over 25 nationalities, with a strong presence of Saudi nationals in every department. This inclusivity strengthens its operational excellence and innovation. Financially, the contractor has solidifi ed its standing by expanding partnerships with banks and creditors, ensuring the funding of ambitious projects like the Qiddiya Speed Park Track, set to redefi ne motorsports infrastructure with unprecedented features. This and other signifi cant contracts awarded in 2023, like NEOM’s OXAGON Village and Diriyah Gate’s King Khalid Road Diversion, underscore UNIMAC’s capability to execute large-scale, high-value projects. Underpinning these ambitions is UNIMAC’s alignment with KSA’s Vision 2030, aiming to leverage its acclaimed execution skills to better international standards. The commitment to excellence, innovative solutions, and a highly skilled workforce cements UNIMAC’s status as a top contractor in KSA, as acknowledged by its leadership, refl ecting a steadfast dedication to quality and client satisfaction on a global scale. “UNIMAC is currently managing several important initiatives for the kingdom and is dedicated to delivering these projects with the utmost professionalism and excellence” Fadi Hatoum, CEO, UNIMAC UNIMAC 15APRIL 2024 47 | TOP 30 KSA CONTRACTORS | Established in 1957, Al-Rashid Trading and Contracting Company (RTCC) holds a distinguished position as a leading general contractor in Saudi Arabia. The company boasts expertise across all major trades, categorising its projects into three primary sectors: Building Sector (spanning residential, healthcare, educational, and commercial projects); Water Sector (encompassing water transmission, pipelines, and refi nement); and Railway Sector. In the years 2022-2023, RTCC was integral to a signifi cant milestone in Saudi Aramco’s expansion of its Namaat industrial investment program. This endeavour involved the awarding of major Engineering, Procurement, and Construction (EPC) contracts, with RTCC collaborating in a joint venture with Hyundai. This partnership underscores RTCC’s pivotal role in the kingdom’s energy sector and its commitment to driving forward ambitious industrial projects. UMM AL QURA FOR DEVELOPMENT & CONSTRUCTION COMPANY SAUDI BINLADIN GROUP (SBG) AL-RASHID TRADING AND CONTRACTING COMPANY (RTCC) 16 17 18 Under the leadership of CEO Yasser Abuateek, Umm Al Qura for Development & Construction Company, headquartered in Makkah, was established with a forward-thinking developmental vision. With over two decades of active presence in the kingdom, the company has strategically positioned itself in planning a series of integrated real estate projects in Jeddah and Makkah. Among Umm Al Qura’s standout endeavours are the King Abdul Aziz Road Development and the construction of 10 new residential towers as part of its Masar Securing the number 17 spot is Saudi Binladin Group (SBG), headquartered in Jeddah, and renowned for its involvement in some of the most monumental projects across the kingdom. Established in 1967, SBG originated as a subsidiary of the Binladin International Holding Group (BIHG), formed in collaboration with Istidama Holding Company, an entity associated with Saudi Arabia’s Ministry of Finance. With deep roots in the Binladin family’s illustrious 90-year construction heritage, development within Makkah City. Spanning across a vast 1.25 million m2 area, the Masar project features a 3,650-metre-long BIHG was conceived to navigate the family’s extensive portfolio through a new era in Saudi Arabia’s history. The group is currently undergoing a transformative program aimed at establishing a robust fi nancial and operational foundation to capitalise on the immense market potential for major construction ventures. BIHG has identifi ed a substantial market opportunity, with an estimated $266.6 billion in new contract awards anticipated by 2025 alone. Among its impressive portfolio are landmark projects such as the Holy Mosque expansion, boulevard seamlessly integrated with the fabric of the Makkah mosque. Furthermore, Umm Al Qura celebrated a signifi cant milestone in the past few years with the launch of the Alinma Makkah Real Estate Development Funds, boasting an investment value exceeding $4.5 billion. This initiative unveiled plans for the development and construction of seven hotel towers and two commercial complexes within the Masar development, further solidifying the company’s commitment to transformative urban development in the region. King AbdulAziz International Airport, King Abdullah Economic City, and the iconic Al- Faisaliyah Tower, among others.48 APRIL 2024 | TOP 30 KSA CONTRACTORS | SHIBH AL JAZIRA CONTRACTING COMPANY SAUDI PAN KINGDOM COMPANY AL RAJHI BUILDING & CONSTRUCTIONS 19 20 21 Clmbing three spots from last year, Shibh Al Jazira Contracting Company (SAJCO) has become a leader in its industry, securing major and principal contracts for the construction and maintenance of roads, bridges, tunnels, underpasses, dams, sewage and water- supply networks, dewatering, water and fuel strategic reservoirs, and piling works. SAJCO is also a long-standing name in the manufacturing fi eld, supplying pre-cast concrete units, aggregates, asphalt, concrete mixes and all types of tiles, of high and strict standards. Established nearly twenty years ago, Al-Rajhi Building & Constructions has leveraged its resources, expertise, and personnel to undertake various engineering projects in the kingdom. With a proven track record, Al-Rajhi has seamlessly navigated dealings with numerous departments, agencies, ministries, banks, and both governmental and non- governmental entities. Aligned with the national economy, Al-Rajhi Company recognises the importance of striving to meet responsibilities. Upholding values of integrity, honesty, responsibility, and genuine respect for professional ethics, the company aims to foster trustworthiness among its clientele. Some of its services include general contracting, electrical work, sanitation work, air conditioning and mechanics, paving roads, road lighting, and work bridges. With over three decades of operational excellence in the kingdom, Saudi Pan Kingdom Company (SAPAC) stands as a prominent force in the construction sector. Specialising in a wide array of infrastructure projects including roads, buildings, bridges, tunnels, water networks, sewage works, treatment plants, and micro-tunneling, SAPAC has played a pivotal role in engineering, procurement, and construction (EPC) across projects ranging from medium to giga-sized, catering to both public and private sectors in Saudi Arabia. Throughout 2022-2023, SAPAC has collaborated with esteemed entities such as NEOM, Qiddiya Investment Company (QIC), Royal Commission for Riyadh City, The Red Sea Development Company (TRSDC), AMAALA, Diriyah Gate Development Authority (DGDA), Ministry of Housing, and Saudi Aramco, among others. SAJCO was awarded two contracts from Qiddiya, the latest relate to constructing storm-water drainage, roads and bridges as part of a $186.4 million, three-year contract, involving a 6.5 million cubic metres excavation to complete the work, which is set for a handover by May 2023 utilising the skills of over 1000 workers.APRIL 2024 49 | TOP 30 KSA CONTRACTORS | With over four decades of experience in the global contracting market, Red Sea International, a joint-stock company headquartered in Jeddah with a market capitalisation of $207.7 million, stands as a comprehensive housing solutions provider. Renowned as a leading name in the modular contracting industry, the company has solidifi ed its position by off ering building solutions through its three primary divisions: Industrial Housing, Building Materials Solutions, and Aff ordable Housing. Operating across more than 65 countries, Red Sea International serves various sectors including oil and gas, mining, and power. Under the leadership of Chairman Amr Al Dabbagh, the company employs over 1,000 individuals locally and across its numerous subsidiaries worldwide. SAUDI ARABIAN BAYTUR CONSTRUCTION COMPANY SAUDI REAL ESTATE INFRASTRUCTURE COMPANY (BINYAH) RED SEA INTERNATIONAL COMPANY 22 23 24 Established in 2008 as a Saudi-Turkish partnership, Saudi Arabian Baytur Construction Company transitioned to being fully Saudi-owned in 2016. The company specialises in delivering high-quality construction, installation, and maintenance services across various sectors including civil construction (such as high-rises, residential, commercial, educational, hospitality, healthcare, industrial, and cultural buildings), airports, and other infrastructure projects. Renowned as a Grade-A contractor in the kingdom, Saudi Arabian Baytur Construction Company has earned a reputation for its specialised expertise and commitment to excellence. Making its mark in early 2017, Saudi Real Estate Infrastructure Company (Binyah) emerged as a subsidiary of Tadawul-listed Saudi Real Estate Company (Al Akaria), owned by the Public Investment Fund (PIF) holding 60% of shares, with a market capitalisation of $1.2 million (SAR4.5 million). Renowned for its pioneering role in infrastructure development, Binyah specialises in a wide spectrum of projects including roads, bridges, tunnels, oil and gas pipelines, water distribution stations, sewage systems, port docks, and demolition. Under the leadership of CEO Fahad Almesfi r, the company relies on a dedicated team committed to delivering world-class infrastructure projects through innovation and cost-eff ective high-quality services. Some notable road and infrastructure projects completed by Binyah include the Golf Course Early Works at Wadi Safar for Diriyah Gate Development Authority, and the Designing and Building Coastal Inland Roads as part of the Wadi Protection Project for the Red Sea Development Company.Next >