< Previous28 JUNE 2024 | POWER 150 | Led by President and CEO Samer Abdul Samad, Nesma & Partners (N&P) has achieved remarkable success in the past year. Their strategic acquisition of Kent, a leader in energy sector engineering, and a joint venture with Sicim for Saudi Aramco’s pipeline projects have enhanced their capabilities and market positioning. The company’s commitment to safety, evidenced by over 125 million safe manhours and innovative digital transformation initiatives, underscores its dedication to excellence. N&P completed several high-profi le projects, including the Red Sea Airport Airside, Samhan Carpark, and the MIP Onshore Water Injection Package 07. Signifi cant progress was made on projects like SANG Specialised Hospitals and NEOM Staff Accommodation Villages. The design and build of The Avenues Riyadh-Phase 1 Mall saw notable achievements, including 40.5% construction completion and a massive concrete pour of 13,700m3 in 37 hours. The MASAR KAAR Project in Makkah is also advancing, addressing congestion and enhancing religious tourism. Ongoing projects further demonstrate N&P’s robust portfolio. Key examples include the King Salman Park project, with its extensive utilities and landscaping work, and the Riyadh Metro’s Line 3, featuring 22 stations and advanced E&M equipment. Other signifi cant undertakings include the King Faisal Air Academy and King Salman Airbase, both crucial for Saudi Arabia’s infrastructure development. In NEOM, N&P has several infrastructure and building projects, including part of Sindalah Island, THE LINE, and Oxagon Programmes. N&P’s CSR initiatives have made substantial impacts. They partnered with local entities and charities, including long-term collaborations with organisations like Tarmeem, resulting in the renovation of 140 homes over four years. Through the Nesma High Training Institute (NHTI), their training programmes have equipped over 24,000 Saudi youth with essential skills. Samer Abdul Samad President and CEO, Nesma & Partners 1JUNE 2024 29 | POWER 150 | Ramez Al-Khayyat, President of UCC Holding, is known for his strategic vision and commitment to quality, transforming the company into a diverse conglomerate employing over 32,000 experts and tradesmen globally. UCC Holding has established an offi ce in KSA with over 15,000 experts and professional staff working on signifi cant projects in the kingdom. These projects include building and developing entertainment facilities, hotels, and resorts in Madinah, Qiddiya, Tabuk, and the Yanbu entertainment complex, as well as a fi ve-star hotel and a water theme park in Qiddiya, among others in the pipeline. All contracts are with companies under the Saudi Public Investment Fund, such as Saudi Entertainment Ventures (SEVEN) and Qiddiya Investment Company. In the past 12 months, UCC Holding has expanded its footprint across Saudi Arabia, the CIS countries, Latin America, and Europe, as well as broadened its business portfolio to include signifi cant energy concession projects, signing a contract for seven energy projects in Kazakhstan with the Kazakh Ministry of Energy and QazaqGa. Additionally, several agreements have been signed to establish new power plants and gas pipelines in various countries. Renowned for its speed of execution and the quality of work, UCC has completed key projects before the 2022 FIFA World Cup, namely The View Hospital and Katara Hills, which fi nished in a record four months, featuring 15 luxurious serviced villas with private pools, and the award-winning Al Maha Island, which was constructed in six months. Key achievements also include the completion of Madinatna, Brahat Al Janoub, the western taxiway expansion at Hamad International Airport, and The Ned Hotel. Lastly, UCC’s CSR initiatives include sponsoring ConteQ Expo24, showcasing innovations in modular construction and 3D printing, as well as productivity, quality, and energy effi ciency. The Lusail Circuit Sports Club achieved GSAS 4-Star and Class-B certifi cations for sustainability. UCC’s commitment to safety ensures a secure environment, adhering to stringent HSE codes to minimise risks to people, property, and the environment. Ramez Al-Khayyat President, UCC Holding 230 JUNE 2024 | POWER 150 | Barry Lewis is the CEO at ALEC, a position he was promoted to last year. Having played fundamental leadership roles in the company for over two decades and having expertly led ALEC’s operations over this time, Lewis has proven himself to be a highly capable leader with a strong reputation in the industry. A leading fi gure in the industry, he has overseen the successful execution of multiple signifi cant landmarks in the region, including Dubai Airport Concourses A and D, Bulgari Hotel and Resort, One Za’abeel and SeaWorld Abu Dhabi, to name a few. As CEO, he is now taking the company from strength to strength, maximising ALEC’s value proposition to clients and distinguishing the group as the leading provider of world-class construction and related services in the region. His focus has been on overseeing three company-defi ning initiatives currently in progress—ALEC’s focused expansion into Saudi Arabia; the continued diversifi cation and growth of its business in areas such as modular and data centre solutions; and enhancing activities at TARGET, now wholly owned by the ALEC Group, as a leader in the energy, oil & gas, and marine industries. ALEC has been on a steady upward growth trajectory in recent years. Over the last 12 months, the company was awarded major projects including Qiddiya Speed Park in KSA. To eff ectively deliver its impressive pipeline of projects, the company continues to expand its workforce of over 31,000 employees, who embody the company’s values and culture, demonstrating a willingness to embrace technology and push the boundaries of what’s possible with a relentless pursuit of excellence. Barry Lewis CEO, ALEC 3JUNE 2024 31 | POWER 150 | Osama Bishai CEO, Orascom Construction Fakhar Al Shawaf CEO, AlBawani 4 5 Osama Bishai, the CEO of Orascom Construction, holds the number four spot this year. Since joining the organisation in 1985, Bishai has transformed Orascom Construction into one of the region’s most accomplished and renowned contractors. The company prides itself on playing a leading role in developing Egypt’s infrastructure and industrial sectors. Recently, it has been involved in signifi cant transportation projects aimed at enhancing Egypt’s connectivity sustainably. Over the past year, Orascom Construction has achieved notable milestones, such as initiating a new 500MW wind farm and demonstrating Africa’s fi rst integrated hydrogen plant, highlighting its commitment to renewable and sustainable energy. In 2022, the company’s HSE Department expanded its program to provide comprehensive assessments of all active projects, enabling real-time analysis of their carbon footprints. Bishai led the organisation through one Fakhar Al Shawaf, CEO of AlBawani, a leading Saudi construction and infrastructure group, has landed on the number fi ve spot this year. Established in 1991, AlBawani is recognised for its resilience, steady growth, and diversifi cation, collaborating with government, semi-government, and private enterprises to support Saudi Arabia’s Vision 2030 goals. Over the past year, AlBawani has formed a strategic partnership with the Public Investment Fund (PIF), boosting its growth, capacity, and technology adoption. Under Al Shawaf’s leadership, the focus has been on digital transformation and technology integration, facilitating smooth transitions in processes and business models. AlBawani has completed several signifi cant projects that demonstrate its expertise and commitment to excellence. These include the RSAF Secured Communication Facility, data centres in Qassim and Jeddah, KAFD Towers phase two, the Red Sea Coastal Village, the Granada Mall expansion, MADAC building, of its busiest years, making progress on key infrastructure projects, including Egypt’s Monorail. Additionally, the Grand Egyptian Museum, one of the company’s fl agship projects, is nearing completion, and Orascom Construction has been awarded the second phase of Egypt’s fi rst high-speed rail system. Other signifi cant projects include the Light Rail Transit (LRT) in Greater Cairo and the LEED- Gold-targeted Magdi Yacoub Global Heart Centre. Beyond its construction expertise, Orascom Construction has implemented several CSR initiatives. These include the awarding of full scholarships to students from Upper Egypt to study at the American University in Cairo and supporting women’s self-employment by sponsoring embroidery training programs through the ‘Threads of Hope’ social enterprise. Orascom Construction also solely sponsored the Access Dahab Project, which aims to raise awareness and eliminate barriers that prevent tourists with disabilities from visiting Egypt. Aramco Innovation Centre, SAR project in Qurayyat, and the Bujairi public realm for the Diriyah project. Each of these projects displays AlBawani’s ability to deliver high-quality, complex projects on time and within budget. Continuing its trajectory of success, AlBawani is currently working on major projects such as SEVEN, NEOM Hospital, Olayan Hospital, and various initiatives for the Royal Commission for AlUla. These projects are set to further cement the company’s position as a leader in the construction sector. Al Shawaf’s leadership and vision were recognised when he was honoured as Construction Executive of the Year at the Construction Week KSA Awards in November 2022. Under Al Shawaf’s guidance, AlBawani is not only contributing to the realisation of Saudi Arabia’s Vision 2030, but also setting new benchmarks in the construction and infrastructure industry. His leadership continues to drive the company towards new heights, ensuring that AlBawani remains a key player in the market.32 JUNE 2024 | POWER 150 | Sultan Sobhi Batterjee is a visionary leader whose personal journey is a testament to his drive for innovation and growth. Under his guidance, IHCC has become synonymous with excellence in design and build, off ering turnkey solutions for healthcare, education, and mixed-use development projects across the MENA region. In the past 12 months, IHCC has achieved signifi cant milestones, including the completion of Alexandria Medical City, the largest private medical city in North Africa. The company has expanded its operations across the MENA region, establishing a presence in KSA, UAE, Egypt, and Morocco. IHCC also launched new business units, including IHCC Industries, which specialises in façade solutions and metal works, and has become the preferred contractor for high-performance building solutions. Key projects spearheaded by IHCC include the Alexandria Medical City, a comprehensive healthcare development spanning 176,000m2, and the Centre of Excellence Towers in Dubai Medical City, a state-of-the-art healthcare complex. The company is currently engaged in several high-value projects, such as luxury resorts for the Public Investment Fund in the Red Sea, a wellness resort in Taif, and advanced universities in Qasim and Abha. Additionally, IHCC is constructing an advanced medical tower in Jeddah, further solidifying its reputation for delivering sophisticated facilities. Under Batterjee’s guidance, IHCC has not only made signifi cant strides in corporate social responsibility but also in making a positive impact on society. The company’s ESG division handles environmental, social, and governance matters, and the “Tamkeen Vision” programme, launched in partnership with the Saudi Contractors Authority and HRDF, is training and employing local graduates. The Batterjee Foundation, focused on healthcare and education, supports non-profi t hospitals, scholarship programs, and the “Greener Mosques” initiative, emphasising sustainable growth and community development. Batterjee’s leadership ensures that IHCC remains at the forefront of innovation, excellence, and social responsibility in the construction industry. Sultan Sobhi Batterjee Chairman and CEO, IHCC; Board Member, Saudi German Hospitals Group and Batterjee Group; and Founder and President, Lifestyle Developers 634 JUNE 2024 | POWER 150 | Joseph Daher Chairman & CEO, Almabani General Contractors 7 Coming in at number seven is Joseph Daher, the CEO of Jeddah-based contracting giant, Almabani. Founded in 1972, Almabani has leveraged its fi ve decades of experience to contribute to some of Saudi Arabia’s largest mega and gigaprojects. Some of the company’s most recent successes include its joint venture with French engineering group Bouygues Construction where they will undertake construction work for major projects in the AlUla Resort. Embracing digitalisation, Almabani is advancing construction technologies to enhance its market competitiveness. This Led by its Chairman Fahied Al Ayuni, Al Ayuni Investment & Contracting Company (AICC) is a Saudi-based construction fi rm recognised for its achievements and contributions to the kingdom’s Vision 2030. Over the last 12 months, the company has secured signifi cant projects including the Al Fulwa Project for ROSHN, Diriyah’s major infrastructure Package, and NEOM’s Vault and Time Travel Tunnel. Additionally, a number of strategic acquisitions and partnerships have expanded AICC’s capabilities in high-rise construction, Serving on the board of directors of a multi-billion dollar conglomerate, S N Subrahmanyan—also referred to as SNS—heads Larsen & Toubro (L&T) as its Chairman and Managing Director. Under his leadership, L&T has transformed into a company that executes a wide range of projects across the Middle East, building the tallest, largest, longest, and most complex projects in the region. Over the last 12 months, L&T has won multiple projects including a mixed-use project in Muscat, Oman, an EPC contract for renewable energy, forward-thinking approach ensures that the company remains at the forefront of the industry. With a capitalisation of $26.7 million and a workforce of over 10,000 skilled professionals, Almabani is well-equipped to handle mega projects and drive regional development. Today, Almabani engages in highly competitive turnkey projects worth several billion dollars. Under Daher’s leadership, Almabani continues to set new benchmarks in the construction industry, contributing signifi cantly to the development and modernisation of Saudi Arabia’s infrastructure. MEP, and fi t-out sectors. Committed to corporate social responsibility, AICC actively drives Saudisation and upskilling initiatives, aligning its eff orts with Saudi Arabia’s Vision 2030. The company’s commitment to fostering local talent is evident through its comprehensive training programs, which have successfully deployed over 300 young Saudi nationals into various roles within the organisation. Internally, AICC has created a supportive environment that encourages continuous learning, refl ecting its long-term vision of nurturing future leaders. power utilities, and water systems at Saudi Arabia’s Amaala, along with an ‘ultra-mega’ onshore project valued at over $1.8 billion. Moreover, the company’s capabilities span the entire spectrum of ‘design to deliver’ for comprehensive infrastructure and engineering solutions. L&T is committed to innovation and believes in inventing the wheel, leveraging new technologies to enhance its wide-ranging portfolio. This enables the company to off er more effi cient, sustainable, and eff ective solutions across its diverse projects. Fahied Al Ayuni Chairman, Al Ayuni Investments S N Subrahmanyan Chairman & Managing Director, L&T 9 8JUNE 2024 35 | POWER 150 | Sayed Farouk Chairman & CEO, The Arab Contractors 10 With over 26 years of experience in the industry, Eng Sayed Farouk, Chairman & CEO of The Arab Contractors, has held a number of critical roles within the company since joining in 2006. Throughout his tenure, Farouk has signifi cantly contributed to the company’s growth and success. His leadership has been instrumental in the execution of several mega projects, notably the Rufi ji Dam in Tanzania and the Rod El Farag Axis project in Egypt. Farouk also plays an infl uential role in establishing a common business vision and fostering a unifi ed sense of purpose across Spearheaded by both MPs Faisal Bouzo and Tarek Ajlani, C&P has achieved remarkable successes in the past year, notably being appointed as the main contractor for several mega projects in Saudi Arabia, including the 15,000m2 Tadawul HQ and the 47,360m2 Osool’s ECI Digital City 02 with a total BUA of projects of 252,000m2. Additionally, C&P has also completed the design of high-profi le projects such as Red Sea Global’s new HQ and multiple malls and towers this year. The company has also launched new subsidiaries, including CRAFTED The Joinery Factory and The Quarry and acquired GLOBIX a Muammar Al-Atawi, Chairman of Saudi Arabia-based Shahm Contracting Company. Al-Atawi began his career as an architect after earning a Bachelor’s degree in Architecture and a Master’s in Project Management from the University of New South Wales, Australia. Now, he chairs the Urban Development Council at the Jeddah Chamber of Commerce and Industry and leads several companies, including PureGy for green energy, Vogue Design for interior design, The Landscape all departments. This cohesive approach ensures that The Arab Contractors consistently deliver high-quality results and maintain their reputation for excellence. Most recently, The Arab Contractors have been involved in a variety of signifi cant projects. These include the restoration of the Mansoura National Theatre in Egypt, the construction of a pharmaceutical factory in Madinah, Saudi Arabia, and the High-Speed Rail project in Egypt. Each of these projects demonstrates the company’s broad expertise and commitment to delivering impactful infrastructure solutions. China based trading and sourcing company. As a Saudi-based company, C&P aligns its goals with the kingdom’s Vision 2030 by focusing on sustainable practices, expanding its market presence, and exploring strategic mergers and acquisitions. According to its senior management, C&P’s proven track record of delivering projects on time and within budget distinguishes it as one of the top contractors in Saudi Arabia. Its rigorous fi nancial management also ensures stability and exceptional values, followed by the company’s agility and robust partnerships that contribute to its fi rm market position. Company, and Aldyar Alarabiya, a real estate development fi rm in Saudi Arabia. Founded in 2006, Shahm Contracting Company addresses the kingdom’s housing and infrastructure needs. Recent achievements include completing thousands of residential units and securing major contracts in Jeddah and Riyadh. The company is also constructing high-rise towers in Makkah’s Masar Destination. The company excels in using advanced and innovative techniques, ensuring timely and budget-friendly project delivery. Faisal Bouzo CEO, C&P Muammar Al-Atawi Chairman, Shahm Contracting Company 12 1136 JUNE 2024 | POWER 150 | Mofarreh Al-Harbi & Partners (Mofarreh), led by CEO Marzouq Al Harbi, has fi rmly established itself as a leading contracting company in Saudi Arabia, providing comprehensive services for the construction and infrastructure sectors. With an impressive clientele, including NEOM, Red Sea Global, Modon, ROSHN, and the Royal Commissions for Jubail and AlUla, Al Harbi has solidifi ed the fi rm’s reputation in the industry. In the past 12 months, Mofarreh achieved signifi cant milestones, including the commencement of Riyas Projects in collaboration with Saudi Aramco and expanding its equipment section by 18% with upgraded vehicles and machinery. The company completed projects totalling over $1.6 billion (SAR6 billion), serving seven clients ahead of schedule. They also introduced a scoring system to assess departmental performance and adopted digital devices for real-time reporting and monitoring. The establishment of a Quality Management System (QMS) and the advancement of drone surveying technology have further enhanced operational effi ciency. Key projects spearheaded by Mofarreh during this period include delivering ten projects for NEOM, valued at over $1.07 billion (SAR4 billion), all completed ahead of schedule. Additional projects for SEVEN, Amaala Red Sea, and Ma’aden were executed effi ciently, with a total value of $1.39 billion (SAR5.2 billion). These accomplishments highlight the company’s commitment to excellence and timely delivery, consistently exceeding client expectations. Under Al Harbi’s guidance, Mofarreh adopted several CSR initiatives, notably partnering with the Asharqia Chamber in Dammam and Al Jubail to support and empower the contracting sector through training and consultation. These eff orts refl ect the company’s dedication to fostering industry growth and community development. Marzouq Al Harbi CEO, Mofarreh Al-Harbi & Partners 13RIYADH’S FIRST LOGISTICAL HUB Owners Developer & Exclusive Sales AgentNext >