< Previous38 JUNE 2024 | POWER 150 | Rami Al Qaisi, CEO of RAQ, is a visionary leader known for fostering innovation and delivering high-quality construction projects, driving strategic growth across the Middle East’s construction landscape. In the past 12 months, RAQ has achieved signifi cant milestones. A key highlight is its collaboration with Ocean Fair International Group to build the largest cold storage facility in Dubai’s National Industries Park, showcasing RAQ’s commitment to enhancing the UAE’s infrastructure. Additionally, RAQ partnered with Aldar to construct a Built to Suit facility in Dubai South with Kuehne and Nagel, and with Neweast for a global distribution hub and HQ in Jebel Ali. The contractor has also entered the aerospace sector and has constructed three new design and build hangers at the DWC Airport with Tim Aerospace and a massive MRO with Satys. RAQ successfully delivered Amazon’s fi rst super logistics facility in Abu Dhabi and opened the FedEx Cargo hub at Dubai World Central Airport. Furthermore, partnerships with the Landmark Group for a new cold storage distribution centre and KEZAD Group for the new Metal Park manufacturing hub at Abu Dhabi Ports highlight RAQ’s diverse project portfolio. Over the past year, RAQ has completed various projects, including logistics hubs, distribution centres, and manufacturing facilities, with a total value refl ecting the company’s robust operational capacity. RAQ achieved strong revenue fi gures in 2023, with optimistic projections for 2024 driven by new client acquisitions and expanding market presence. Despite global infl ation concerns, RAQ remains vigilant and adaptable, focusing on speciality contractors with design and build capacities to meet evolving market demands. Rami Al Qaisi CEO, RAQ 14JUNE 2024 39 | POWER 150 | Ahmed Gamal, the CEO of BEC Arabia, is at the helm of one of the leading construction companies in Saudi Arabia and the UAE. With a focus on creating a culture of empowerment, Gamal has shifted the company’s trajectory from partnership ventures to leading multi-disciplinary teams. His leadership has driven the company’s expansion through winning profi table megaprojects and executing innovative plans. In the past 12 months, BEC Arabia has secured substantial contracts, including prominent Saudi Arabian projects funded by the Public Investment Fund (PIF), such as AMAALA and NEOM. Additionally, BEC Arabia has secured contracts with the Ministry of Education and Saudi Telecom Company, Aqalat. Noteworthy completed projects include the Wadi Alhada residential project, multiple engagements with NEOM, and the successful execution of the Hurmah Project in Riyadh. Key achievements include handing over the fi rst permanent asset in NEOM, a Hampton by Hilton hotel, executed in under 13 months, with BEC Arabia’s Real Estate Development subsidiary holding an equity stake. Meanwhile, new projects include the prestigious Tharba Medical Centre with the Royal Commission of AlUla. BEC Arabia’s subsidiaries have also been actively working with MISK, Petrojet, and various other clients. Recently, the company was awarded a contract for a second identical hotel in NEOM, further solidifying its presence and reputation in the region’s construction industry. As BEC Arabia exits 2023, its backlog remains strong, refl ecting its ability to secure and deliver major projects. As part of its commitment to social responsibility, BEC Arabia has actively engaged in community initiatives. The company has partnered with the Saudi Food Bank to donate Ramadan food baskets, organised a successful blood donation campaign, and sponsored a youth swimming competition. These initiatives not only demonstrate BEC Arabia’s commitment to social responsibility but also its dedication to making a positive impact in the community. Ahmed Gamal CEO, BEC Arabia 1540 JUNE 2024 | POWER 150 | Samer Khoury Chairman, Consolidated Contractors Company Ahmed Baker Chairman, Dutco Construction 16 17 Samer Khoury, Chairman of Consolidated Contractors Company (CCC), makes a notable return to the Power 150 list this year, refl ecting his signifi cant infl uence and leadership within the industry. Founded in 1952, CCC has grown extensively through various subsidiaries, bolstering its regional and international reputation. Over the years, the company has cemented itself as an industry innovator, consistently leveraging cutting- edge technology to enhance construction effi ciency and improve control over projects. Moreover, CCC has an impressive portfolio of completed projects that showcase its capabilities and expertise. Some of the most prestigious projects delivered by CCC include Abu Dhabi Plaza, Abu Dhabi International Airport’s Midfi eld Terminal Building, Saraya Aqaba in Jordan, the Sports Hall at Khalifa Sports City, the Riyadh Metro, the main building works of Next on the list is Ahmed Baker, Chairman of Dutco Group, the parent company of the Dubai-based Dutco Construction. Established in the 1970s, Dutco has grown to become one of the leading heavy civil and marine contractors in the UAE. The company has built a strong reputation for its extensive expertise and successful track record in executing large-scale projects. Currently, the company employs more than 10,000 people and boasts a portfolio that includes power stations, hotels, airport infrastructure, highways, port development, and more. Spearheaded by Baker, Dutco has reached numerous signifi cant milestones as he steered the company through periods of rapid economic expansion, maintaining a steadfast focus on development and diversifi cation. This strategic approach has enabled the company to capitalise on emerging opportunities and expand its footprint in the region. Recently, Dutco Construction has forged a strategic partnership with Ellington Properties, the Dubai Opera House, and the presidential palace in Abu Dhabi. Each of these projects highlights the company’s ability to handle complex and large-scale developments, further establishing its standing as a top-tier contractor. Currently, CCC employs over 14,000 individuals across its numerous offi ces, which solidifi es its position as a leader in the construction industry. The company’s commitment to innovation, quality, and excellence continues to drive its success and growth. Under Khoury’s leadership, CCC remains focused on delivering exceptional results and pushing the boundaries of what is possible in the construction industry. With a rich history spanning several decades, CCC has built a strong foundation based on reliability, integrity, and a drive to exceed client expectations. This solid foundation positions CCC well for continued success in the ever- evolving construction landscape. a leading developer known for its high-quality residential projects. This collaboration has given rise to the new Dutco Ellington brand, which aims to develop premium residential projects in major communities across Dubai. The joint venture’s most recent achievement is the ground-breaking ceremony of the luxury waterfront residential project, One River Point. The development exemplifi es the joint venture’s commitment to delivering high-end living spaces that meet the evolving demands of Dubai’s real estate market. Baker’s leadership has been instrumental in driving Dutco Construction’s success and fostering a culture of innovation and excellence within the company. His ability to navigate complex challenges and seize new opportunities has solidifi ed Dutco Construction’s position as a key player in the UAE’s construction industry. As the company continues to expand and evolve, it remains well-positioned to undertake ambitious projects and contribute signifi cantly to the region’s infrastructure and development.42 JUNE 2024 | POWER 150 | Stephen Flint Managing Director, Khansaheb Julio de la Rosa Business Development Director ME, ACCIONA Agua 18 19 Stephen Flint, Managing Director of Khansaheb Civil Engineering LLC, embarked on his construction career in the UK in 1971 after training as an Engineer. Following his graduation in 1979, he expanded his horizons internationally, moving to Africa in 1980. Over the next decade, he took on roles such as Project Manager and Contract Manager in Zambia and Tanzania, and later as General Manager in Malawi. In 1989, Flint returned to the UK, joining Interserve as Area Manager for the North East, where he promoted a culture of excellence over eight years. Then in 1997, he resumed his international career, serving as Regional Director for a major contractor in Uganda and Zimbabwe. It wasn’t until 2010 that he fi nally joined Khansaheb as a Group General Manager after serving as a Regional Director for another leading contractor in the UK. At Khansaheb, Flint’s leadership has been instrumental in structuring the business to Leading ACCIONA Agua Middle East as its Business Development Director is Julio de la Rosa. Over the last year, de la Rosa has guided the company through signifi cant projects in the region, demonstrating his adept leadership and strategic vision. ACCIONA, renowned for its sustainable solutions, has successfully completed various high-profi le projects in the Middle East. Notable completions include the Zayed Stadium in Abu Dhabi, the Lusail Museum in Doha, the Net Zero Exhibition in Ithra, and the Al Jazeera Exhibition in Qatar, each refl ecting the company’s commitment to innovation and excellence. The company is also deeply committed to combating climate change, with plans to develop a series of LEED GOLD-certifi ed projects in the region. These initiatives underscore ACCIONA’s dedication to environmental stewardship and its proactive approach to sustainable development. In addition to its sustainability focus, ACCIONA prioritises corporate social deliver comprehensive multi-disciplinary construction services in the UAE. His strategic initiatives, including fostering an “accident- free” culture and spearheading digital transformation and sustainability eff orts, have signifi cantly enhanced the company’s performance. With a degree in Engineering, a Masters in Construction Management, and a Fellowship at the Chartered Institute of Building, Flint has leveraged his extensive international and UK experience to build a robust and effi cient management team at Khansaheb. Under his guidance, the company has maintained an impressive track record, with over 80% of its work derived from repeat business. This consistent performance highlights their commitment to excellence and customer satisfaction. Furthermore, the company has consistently delivered strong returns for shareholders, even amid challenging market conditions, demonstrating its resilience and strategic prowess. responsibility. Recently, the company launched a Health and Safety Internal Campaign aimed at raising awareness and reinforcing positive work attitudes and practices among its employees. This campaign is part of a broader eff ort to ensure the well-being of its workforce and to cultivate a safe and healthy work environment. Under de la Rosa’s leadership, ACCIONA continues to solidify its position as a preeminent leader in sustainable infrastructure, exemplifying a steadfast commitment to innovative project execution coupled with an emphasis on social and environmental responsibility. The company’s multifaceted approach, underpinned by de la Rosa’s strategic direction, ensures its presence at the forefront of the industry. Through its dedication to excellence and sustainability, ACCIONA not only makes signifi cant contributions to the region’s development but also fosters a culture of safety and environmental stewardship that resonates throughout its operations.JUNE 2024 43 | POWER 150 | Jean-Pol Bouharmont Managing Director, BESIX 20 With over three decades of global experience and a proven track record in delivering large-scale complex structures, Jean-Pol Bouharmont, the Managing Director of BESIX, secures a prominent position on our list. Since its establishment, BESIX has undergone many changes, emerging as a highly regarded organisation specialising in construction, infrastructure, and marine works. BESIX distinguishes itself through its comprehensive approach to project management, encompassing all phases of the project lifecycle. From initial fi nancing and Jihad Bsaibes, President & CEO of AMANA Contracting, has once again secured a spot in our esteemed Power 150 list. With over 25 years of experience in business strategy, development, and operational management, Bsaibes brought his extensive expertise to AMANA in 2002. In the past year, AMANA has vigorously pursued digital transformation, particularly through the implementation of Building Information Modeling (BIM) across the organisation. This advanced technology Standing at the forefront of Al Naboodah Construction Group (ANCG) is Senan Al Naboodah, Managing Director and a third-generation member of the Al Naboodah family. With operations dating back to the 1960s, ANCG today employs over 14,000 people in the UAE and Sri Lanka. The contractor also recorded nearly 16 million Lost Time Injury- free (LTI) working-hours on site, with the safety milestone being achieved since the beginning of construction activities until 5 January 2020. Based in the UAE, ANCG specialises in meticulous design to precise construction, seamless operation, and meticulous maintenance, BESIX demonstrates exceptional expertise and profi ciency across the board. As its leader, Bouharmont has played a role in leading numerous iconic projects in the region. These include the iconic Burj Khalifa, Masdar City in Abu Dhabi, Cleveland Clinic, the state- of-the-art Doha Convention Centre, and the expansive Doha Airport Terminal and Aprons. Additionally, Bouharmont has overseen the construction of the Khalifa and Wakra Stadiums, contributing to the advancement of sporting infrastructure in the region. has been seamlessly integrated into project management, manufacturing, fi nance, and procurement, enabling the company to leverage smart solutions and optimise operations. AMANA’s reputation in the industry is evident through its involvement in several landmark projects across the UAE. Notable projects include the development of a vertical farm for Emirates Crop in Dubai South, the construction of a Regional HQ and R&D Centre in Dubai, and the establishment of the Nautilus Data Centre and Offi ces in Dubai Silicon Oasis. civil engineering, building, and MEP services across the GCC and beyond. From the Palm Jumeirah and Business Bay to Yas Island and Dubai Water Canal, ANCG has been instrumental in bringing these visionary projects to fruition. Additionally, the company has left its imprint on the bustling Dubai airports, the strategic Parallel Roads network, and the groundbreaking Expo 2020 site, further solidifying its reputation as a trusted partner in driving progress and prosperity in the region. Jihad Bsaibes President & CEO, AMANA Contracting Senan Al Naboodah CEO, Al Naboodah Construction 22 2144 JUNE 2024 | POWER 150 | Fadi Hatoum Partner & CEO, UNIMAC 23 Fadi Hatoum is a highly accomplished business executive and visionary leader, currently serving as the CEO and Partner of UNIMAC, a company specialising in heavy civil contracting of infrastructure and roads. In a span of 25 years, Hatoum has built an impressive career through his enthusiastic dedication and expertise in the industry. Armed with extensive knowledge and a passion for innovation, he embarked on a path of professional growth that would ultimately lead him to the helm of a successful company in Saudi Arabia. Under Hatoum’s leadership, UNIMAC Claiming a distinguished spot in this year’s Power 150 list is Francis Scholten, CEO of the Rental Projects Division at Losberger De Boer Middle East. Under Scholten’s leadership, Losberger De Boer has become a renowned international specialist in modular construction and tailored temporary and semi-permanent space solutions. Over the past year, the company’s footprint has been prominent in major global sporting spectacles, including the World Cup in Qatar, Formula 1 & E races, and the America’s Cup in Barcelona. Moreover, Losberger de Boer’s At the helm of one of Saudi Arabia’s most prominent construction conglomerates stands Khalid Al Gwaiz, serving as the esteemed CEO of Saudi Binladin Group (SBG). Established in 1967 as a subsidiary of Binladin International Holding Group in collaboration with Istidama Holding Company, a subsidiary of Saudi Arabia’s Ministry of Finance, SBG is presently undergoing a signifi cant transformation program. This strategic initiative is geared towards fortifying the company’s fi nancial and operational framework, positioning it to capitalise on the has experienced exceptional growth and expanded its activities into new sectors and scopes, solidifying its position as an industry front-runner. His strategic thinking, combined with his push towards growth and quality, has fostered a culture of innovation within the organisation, resulting in tailor-made solutions that consistently exceed client expectations. With his noteworthy forward-thinking approach and his unique style of leadership, Hatoum continues to inspire and shape the future of UNIMAC, leaving a signifi cant mark on the industry. expertise has also been instrumental in delivering exceptional viewing spaces and premier hospitality facilities, enabling clients to craft unforgettable event venues that captivate audiences worldwide. Furthermore, the company has achieved a milestone by completing the Jeddah Superdome, an architectural marvel recognised as the world’s largest geodesic dome. This extraordinary structure serves as the venue for the kingdom’s most signifi cant socio-cultural, recreational, and sports events, as well as a multi-purpose exhibition hall. vast market opportunities presented by major construction endeavours in Saudi Arabia. SBG has played an instrumental role in numerous high-profi le projects, including the expansion of the Holy Mosque, the development of the King Abdullah Financial District (KAFD), and the modernisation of the King Abdul Aziz International Airport, among others. Through its steadfast commitment to excellence and innovation, SBG continues to shape the landscape of construction in the kingdom, cementing its position as a leader in the industry. Francis Scholten CEO, Rental Projects Division, Losberger De Boer Middle East Khalid Al Gwaiz CEO, Saudi Binladin Group 25 24JUNE 2024 45 | POWER 150 | Abdul Rahman Al Marouf Chairman, Combined Group Contracting Company 26 Reappearing in the Power 150 list this year is Combined Group Contracting Company’s (CGCC) Chairman, Abdul Rahman Al Marouf. Under his leadership, the Kuwait-based fi rm has successfully completed numerous roads, infrastructure, housing, and oil and gas projects throughout the Middle East. Some of CGCC’s standout projects include the Subiya Power Station, the maintenance of main roads in the governorates of Hawally and Asima, and the development of signifi cant residential and educational facilities such as Sabah Al Ahmad City, the College of Arts and the College of Education in Kuwait, Jaber Al Up next is Bachar Gebran, the CEO of Walkthru Contracting. Over the last year, Gebran has steered the company to remarkable achievements, solidifying its position as a leading contracting fi rm in the Middle East. Spearheading a diverse portfolio of projects, Gebran’s leadership has been instrumental in delivering high-quality and innovative constructions. Notable accomplishments include the AL-MUNTADA—Knowledge Space by Saint-Gobain in Masdar City, showcasing sustainable construction practices. Additionally, Appearing on the Power 150 list for the fi rst time is CEO Fahad Almesfi r. Almesfi r leads Saudi Real Estate Infrastructure Company (BINYAH), a premier national company specialising in comprehensive infrastructure works within and beyond the Kingdom of Saudi Arabia. Under his leadership, BINYAH excels in roadworks, bridges, tunnels, airport runways, and the extension of water, sanitation, and energy networks. The company also undertakes the construction of communication networks, Ahmad City, and the Sabah Al Salem University City. Each of these projects underscores CGCC’s capacity to handle large-scale, complex developments. Given Kuwait’s ambitious plans for future investments in megaprojects, CGCC is strategically oriented to capitalise on these opportunities as they arise. The organisation’s robust portfolio and proven track record make it a key player poised for continued success. Furthermore, CGCC collaborates with numerous joint-venture partners, including the UAE’s Arabtec, enhancing its capabilities and reach. Walkthru Contracting successfully executed Dubai’s largest fully solar-powered ultra-luxury mansion, Solar House, featuring groundbreaking architectural elements. Furthermore, Gebran’s team also transformed the Sanad Offi ces in Abu Dhabi and completed the offi ce fi t-out for Amphora Marketing in record time. With an array of ongoing projects spanning from luxury residential villas to intricate commercial developments, Gebran diligently steers Walkthru towards sustained success and ongoing innovation within the construction industry. public parks, irrigation systems, and dams, as well as the production of prefabricated concrete for major infrastructure projects. BINYAH’s notable projects include the successful completion of works at Wadi Hanifah, Amaala’s Triple Bay project, and the Al Widyan Development. Its extensive service portfolio encompasses earth and enabling works, bridges and tunnel construction, landscape works, and design review and value engineering, ensuring top-tier infrastructure development and maintenance across the region. Bachar Gebran CEO, Walkthru Contracting Fahad Almesfi r CEO, BINYAH 28 2746 JUNE 2024 | POWER 150 | Mohammed bin Abdul Ali Al-Ajmi, the General Manager of Abdul Ali Al-Ajmi Company, established the company’s headquarters in Riyadh, positioning it as a central hub for their operations. Under his leadership, the company has become a leading force in constructing roads and bridges, as well as in comprehensive infrastructure development. With a 44-year history built on a deep commitment to urban development, Abdul Ali Al-Ajmi Company excels in real estate development and has solidifi ed its position in land transport services. The company’s mission is rooted in its unwavering commitment to raising and improving standards in the construction sector. This is achieved through advanced perspectives and a forward-looking approach that guides the company’s direction. Known for its remarkable achievements and excellent reputation, Abdul Ali Al-Ajmi Company has consistently worked to fulfi l clients’ aspirations. The management team excels in effi ciency, bolstered by a robust fi nancial team and internal audit department that ensures precise supervision of fi nancial operations. The company maintains strong internal regulations and meticulous oversight of project implementation through detailed cost control management. Success hinges on balancing initial project estimates with stringent monitoring of the execution process, contributing to the sustainable success of projects. Abdul Ali Al-Ajmi Company distinguishes itself through its commitment to unique design and unwavering dedication, upholding the highest standards of integrity and professionalism. In the construction sector, the company consistently exemplifi es quality and professionalism in all aspects of its operations. Mohammed bin Abdul Ali Al-Ajmi General Manager, Abdul Ali Al-Ajmi Company 29JUNE 2024 47 | POWER 150 | The company has executed numerous large-scale projects with various government entities in the kingdom, including the Ministry of Transport and Logistical Services, Saudi Aramco, the General Directorate of Border Guards, the Ministry of Municipal and Rural Aff airs, the Ministry of Environment, Water, and Agriculture, the Royal Commission for Jubail and Yanbu, the Saudi Industrial Cities and Technology Zones Corporation, the Saudi Electricity Company, the National Housing Company, Rowaished Holding, the King Abdullah Financial District, the Saudi City for Investment, and the King Salman Foundation. Over the past 12 months, the company has completed projects to the highest standards, with major accomplishments including those with the King Abdullah Financial District, the Qiddiya Project, the Ministry of Housing, the Ministry of Transport and Logistical Services, the General Authority for Industrial Cities and Economic Zones, and several projects with Saudi Aramco. The company also completed large- scale infrastructure projects in Riyadh, Jeddah, Jazan, and King Fahd Airport in Dammam, as well as the Ministry of Interior. Furthermore, the company has signed agreements with international companies to enhance global expertise, including a major Chinese construction company. Noteworthy completed projects include developments in Qiddiya, the Mohammed bin Salman Charity Foundation, water treatment plants in Al-Kharj, and various initiatives by the Ministry of Transport. By the end of 2023, Abdul Ali Al-Ajmi Company displayed signifi cant growth in both the number and quality of projects, refl ecting its strong reputation and capabilities. The company is committed to various social responsibility initiatives in cooperation with local authorities, government entities, and charitable organisations across the kingdom. It also supports numerous charitable activities and encourages young Saudis to engage in various fi elds of work, aiming to cultivate active elements in the company’s leadership and projects. Abdul Ali Al-Ajmi Company maintains a high level of employee engagement, aligned with the goals of Saudi Vision 2030. The company will continue its social responsibility initiatives, recognising the vital role of the private sector in supporting national development. “OUR MESSAGE IS EMBODIED IN OUR UNLIMITED COMMITMENT TO RAISING AND IMPROVING THE STANDARDS OF THE CONSTRUCTION SECTOR THROUGH ADVANCED VIEWS AND A FORWARD-LOOKING APPROACH”Next >