< Previous| TOP 30 SAUDI CONTRACTORS | 20 Established in 1981, Nesma & Partners is a leading contractor in Saudi Arabia offering full-fledged services in sectors, including industrial, O&G, civil and buildings, and infrastructure, as well as significant electro-mechanical capacities. The company, which has achieved phenomenal growth over the last 40 years, has implemented a new business strategy designed to support its continued growth and sustainable success in an evolving industry. Today, Nesma & Partners is one of the largest contractors in Saudi Arabia and has earned its reputation with a track record of over 200 completed projects. In the past year, Nesma & Partners has accomplished various notable achievements. They have formed a local joint venture called NesmaKent with engineering firm Kent, enabling the company to become an EPC player in the O&G sector for Saudi Aramco. As part of this partnership, they have committed to establishing an independent engineering centre of excellence within the kingdom in the next five years. Additionally, Nesma & Partners has obtained multiple ISO certifications. Furthermore, the contractor was one of four companies to receive a combined $1.3 billion investment from the PIF. The company’s completed projects demonstrate its versatility and expertise across various sectors. In 2022, the firm undertook the design and build of the AlUla Valley Infrastructure and Ashar Tented Resort project and the Bujairi Car Park project with Diriyah Gate. It has also fulfilled multiple assignments within the NEOM City program. Currently, the firm is engaged in several ongoing construction projects, including the MASAR Makkah project, due for completion in 2023, encompassing over 1.2 million m2 of infrastructure works and a Grand Pedestrian Boulevard. The scope of work also includes two metro stations, 5.7 km of metro tunnels, multiple road structures and parking spaces. The firm is also working on The Avenues Riyadh Mall’s phase one, which covers 1.5 million m2 of built-up area, including three levels shopping mall, basement-level parking, substation buildings, and other infrastructure and external works. In addition, it is involved in various building and infrastructure projects with DGDA and within the NEOM project, as well as Aramco. In 2022, the firm celebrated over 85 million safe hours without lost-time injuries across its projects. The company is also meeting its digital transformation roadmap objectives to continuously improve and adopt the latest technologies in the construction industry. Under the guidance of its President and CEO, Samer Abdul Samad, Nesma & Partners remains dedicated to expanding its capabilities across core business areas while exploring opportunities aligned with its commitment to sustainability. 1 NESMA & PARTNERS| TOP 30 SAUDI CONTRACTORS | 21 Established in 1991, AlBawani has become one of Saudi Arabia’s premier construction companies, known for its resilience, steady growth, and diversification. The contracting giant operates across various industries and collaborates with government, semi- government, and private enterprises, all while supporting the kingdom’s Vision 2030 goals. Over the past 12 months, the contractor has achieved significant milestones, including its strategic partnership with the Public Investment Fund (PIF). This investment will enable the company to scale up capacity, expand capabilities, stimulate growth, and drive the adoption of advanced technologies, ultimately enhancing local supply chains for current and future projects in the kingdom. Key projects completed by AlBawani in the past year include the RSAF Secured Communication Facility, data centre projects in Qassim and Jeddah, phase two of KAFD Towers, work for the Red Sea Coastal Village, the Granada Mall expansion project, the MADAC building, Aramco Innovation Centre, SAR project in Qurayyat, and the Diriyah project’s Bujairi public realm and infrastructure works. The contractor’s ongoing projects include SEVEN entertainment, in addition to the NEOM Hospital and Olayan Hospital. Additionally, AlBawani is also working on the Sports Boulevard project, the Royal Commission for AlUla, production plant for Lucid, and RSGT - MENA, among many other projects. The company has handed over 27 schools in Jeddah, out of a total of 60 schools planned for Jeddah and Makkah in the Wave 1 project. AlBawani is also deeply committed to digital transformation and technological adoption, having initiated these activities at an early stage. Under CEO Fakher Alshawaf, the firm’s commitment and change management practices have facilitated seamless transitions while modifying group processes, business models, and existing technologies. AlBawani’s reputation as a top contractor in Saudi Arabia is built on a foundation of strong credentials, timely project delivery, sound management, innovation, embracing technology, corporate governance, social responsibility, and an enhanced Health , Safety, and Environment culture. Furthermore, the company prides itself on client satisfaction, a geographical presence spanning the entirety of KSA, and access to a vast pool of resources, which ultimately enables the firm to attract international and local joint venture partners. This also positions the company as a significant player in realising Saudi Arabia’s Vision 2030. 2 ALBAWANI| TOP 30 SAUDI CONTRACTORS | 22 Securing third spot on the list is the Riyadh-based El Seif Engineering Contracting, a member of the El Seif Group. Since its establishment in 2004, the contractor has delivered projects which have Coming in at number four is Almabani, a Jeddah-based contractor known for its work on some of the biggest mega- and giga- projects in the kingdom. Following its 50th anniversary in 2023, Almabani announced its partnership with the Public Investment Fund (PIF) to support and enable key strategic sectors in line with Vision 2030. Over the past 12 months, the contractor was a successful bidder of eight new projects, all with a total value of $1.7 billion. Almabani was also awarded contracts for the execution of projects within Riyadh’s Sports Boulevard development. Some of its most notable projects include Six Flags Qiddiya, The Red Sea International Airport, Riyadh Metro Project, King Abdul Aziz International Aiport Phase 1, and more. In terms of digitalisation, Almabani is engaging several resources to advance and innovate its construction transformed the region’s skylines and urban centres including skyscrapers, modern hospitals, residential developments, airports, and more. Led by Khaled Musaed El Seif, the company chairman, the contractor technologies. According to the company, these innovations will bring about more developments and advancements, increasing Almabani’s has completed a number of projects including the 302-metre-high Kingdom Tower in Riyadh, several towers at King Abdullah Financial District (KAFD), infrastructure works for Diriyah Gate Development Authority, and 2,000 villas for Abu Dhabi’s Aldar Properties. In addition to general contracting, El Seif also offers design and build services, international procurement, logistics, project construction management, as well as operation and maintenance contracts covering an extensive list of project types. As the company continues to grow, it is shifting its priority to upskilling its manpower, upgrading its construction equipment, and utilising technology to tackle major projects. El Seif is one of the few Saudi contractors that combines three main certifications in quality management, health and safety, and environmental management systems (ISO 9001, ISO 14001, and OHSAS 18001). market competitiveness. Having recorded a strong 2022, the company revealed a backlog of $2.93 billion and a revenue of $614 million. 3 EL SEIF ENGINEERING CONTRACTING 4 ALMABANI| TOP 30 SAUDI CONTRACTORS | 23 IHCC is an integrated construction solutions contractor specialising in healthcare, education, and mixed- use developments in Saudi Arabia, having proven its capabilities through financial stability and its adoption of technology. Among its many accomplishments in the last 12 months, IHCC has played a major role in developing gigaprojects and large-scale social infrastructures across the country, delivering and handing over projects with a built-up area of 400,000 m2 in healthcare, education, mixed-use, hospitality, industrial and other major developments. IHCC has also been awarded several complex projects, including LEED Platinum developments in various regions, and has multiple ongoing luxury hospitality projects as part of the PIF’s gigarojects. In the past year, IHCC has completed projects worth over $1.12 billion, of which the advanced Medical City in Makkah, with a built-up area of 160,000 m2 and value exceeding $400 million, is a notable project. IHCC also recognises that digitisation is crucial for advancing the kingdom’s infrastructure. While implementing the latest technologies to provide its services, IHCC has also developed solutions supporting integration and the high-performance buildings concept. As a result, proactive measures can be taken to keep buildings more sustainable, cost-efficient, reliable, healthy, and safe by monitoring building energy, water, air, maintenance, solar, waste, people, occupancy, and security. IHCC has become a leading player with a wide range of in-house services, including design & engineering, turnkey construction, MEP, finishing & fit-out, energy efficiency, sustainability solutions, facilities management, and public-private partnerships (PPPs). Emphasising the organisation’s growth, Sultan Sobhi Batterjee, chairman and CEO of IHCC, said: “We have successfully delivered prestigious contracts that include large-scale hospitals, medical cities, educational facilities, mixed-use developments, hospitality, luxury residential complexes, and industrial facilities across all regions of the kingdom and the Middle East. “Our expansion plans align with the country’s Vision 2030, as we support the goal of exporting local content beyond the kingdom. Currently, we are delivering mega projects in the UAE, Egypt, and Morocco. Our proven track record, capabilities, growth, experience, and future plans have positioned us as a leading integrated solutions turnkey contractor in the kingdom and the MENA region for the present time and the years to come.” 5 IHCC| TOP 30 SAUDI CONTRACTORS | 24 Shahm Contracting Company (Shahm) is a renowned construction firm based in Jeddah, Saudi Arabia. Founded in 2006, Shahm is committed to contributing to the reconstruction of Saudi Arabia. The company specialises in housing and infrastructure project development and is widely recognised for its ability to deliver projects quickly and efficiently. Shahm’s most significant achievements in recent years include the delivery of the Shams Al Dyar project and the delivery of over 600 units in Luluat Al-Dyar and 1,000 units in Bouvardia City, Jeddah. In 2022, Shahm completed several projects, including the Diyar Tower project located in front of the King Abdullah Financial District (KAFD). It also received several contracts in Jeddah and Riyadh. Furthermore, the contractor has also started construction work on projects such as Dyar Alharam and Bouvardia View. The contractor recognises the importance of digital transformation in the construction industry and has adopted a digital mindset, promoting innovation, agility, and collaboration. The company understands that digital transformation is not just a technological change but a cultural shift in the way they work and conduct their business. Therefore, they have implemented digital solutions to track project progress, analyse data, and make data-driven decisions. The company also emphasises the importance of sustainability and collaboration, aiming to create value for its customers, employees, and stakeholders. In addition, drawing from their extensive experience in the industry, the company has leveraged their expertise to produce exceptional work that aligns with the goals of Vision 2030. Moreover, as the contracting sector in the kingdom rapidly transforms, the company recognises the need to develop building systems that meet the requirements of Vision 2030. Therefore, they prioritise sustainability in their buildings and implement the latest construction technologies to ensure high-quality execution and adherence to project timelines. The firm, under the leadership of its chairman Eng Muammar Al-Atawi, is transforming the contracting sector in the kingdom to compete with global markets. The main reasons for the firm’s success as one of the top developers are its commitment, quality and the synergy between its teams. 6 SHAHM CONTRACTING COMPANY| TOP 30 SAUDI CONTRACTORS | 25 The Saudi-based mega construction company, Construction & Planning Co. (C&P), is one of the most sought-after contractors in the kingdom due to its strong reputation for delivering turnkey solutions of unparalleled quality. Since its inception in 2004, the company has been led by co-founders and managing partners Faisal Bouzo and Tarek Al Ajlani to offer comprehensive solutions that encompass every aspect of the construction process, from structural to MEP and finishing, as well as landscaping. C&P’s backlog of projects currently holds a combined built-up area of over 230,000 m2. In 2022, the company was appointed as the main contractor to deliver its bespoke fit-out services for the new headquarters (HQ) of Saudi Stock Exchange (Tadawul), which comprises a staggering 18,000 m2. Additionally, C&P is the main contractor for multiple commercial centres, one of which is Alinma Invest’s The TwentyFive Mall in Riyadh, and another one is the La Perle Mall in Jeddah, which is owned by one of C&P’s sister companies, The First Avenue Real Estate Development. Furthermore, the C&P group of companies extends beyond contracting; for instance, The First Avenue company develops commercial and residential projects, while another entity City Heights Real Estate Development Co. was founded to develop premium residential properties. Another sister company of C&P is SMEP, a specialised MEP company that focuses solely on industrial and electromechanical projects. BACH Industrial, another vertical, is an entity dedicated to providing exceptional metal industrial works. These significant developments demonstrate C&P’s ongoing commitment to expanding an already impressive portfolio and pushing the boundaries of the construction industry. The company’s kingdom-wide presence also ensures seamless project execution and is complimented by the additional support it derives from its back offices in Cairo, Egypt. In 2022, C&P delivered several key projects, including Saudi National Bank’s new HQ in Riyadh’s King Abdullah Financial District, Saudi Downtown Company’s HQ, Saudi AZM’s HQ, Alamar Domino’s HQ, as well as multiple AMC cinemas around the kingdom, and a roll-out of EL&N London’s shops. 7 CONSTRUCTION & PLANNING CO.| TOP 30 SAUDI CONTRACTORS | 26 Maintaining its rank from last year’s list is Al-Ayuni Investment & Contracting, a Riyadh-based contractor operating since 2006. Known for its roads, concrete works, railway, and bridge projects, Al-Ayuni serves both public and private sectors with a team comprising various well- coordinated and professional individuals across the country. The contractor employs more than 8,000 multinational workforce and possesses a line of over 6,000 machinery and equipment. Up until now, Al-Ayuni has successfully delivered more than 500 projects for over 50 clients. Some of its completed projects include the Sharma to Tabuk road upgrade, the Tabuk Madina expressway flyover at Old Madina Road, and the Wadi Hanifa. Currently, Al-Ayuni is working on a number of projects such as the development of infrastructure and utilities at Jeddah Oasis industrial area, the site development for city centre Markaz Al-Idari, and Phase 2 of the Dareen East Beach in Jubail. Established in 1992, Contracting and Construction Enterprises (CCE) is a privately owned general contracting firm that has established itself as a leading engineering, procurement and construction firm based in Riyadh, Saudi Arabia. Regarded as a reliable and reputable provider of large-scale EPC contracts, CCE works with private and public sector clients throughout the Kingdom and the region, such as Saudi Aramco, SABIC, BACS Riyadh Metro Project, Saudi Electric Company, and more. In addition, it has completed projects under joint venture with international firms such as Samsung C&T. Over the course of 2022-2023, CCE has worked on several eye-catching projects, such as The Red Sea Project, delivering the 1.5 million sq. m Coastal Village in mid-2022. In addition to its long track record of successfully delivering projects, the company has established itself as one of the leading HSE-focused contractors in the region, with its commitment to safety extending beyond its own employees, to cover its subcontractors, clients, and other project stakeholders. 8 AL-AYUNI INVESTMENT & CONTRACTING 9 CONTRACTING AND CONSTRUCTION ENTERPRISES (CCE)| TOP 30 SAUDI CONTRACTORS | 27 Kabbani Construction Group (KCG) was founded in 1972 and has grown to become one of the region’s leading construction companies. The company has a strong reputation for delivering high-quality projects on time and within budget, and it specialises in commercial and residential buildings, hotels, hospitals, and industrial facilities. KCG is highly regarded for its expertise in project management, engineering, and construction, and its strong commitment to quality, safety, and sustainability. The contractor has accomplished several key milestones in the past 12 months, including joint ventures with international companies like CONCORD, MARIDIVE, and other construction firms to establish businesses in different regions. In addition, KCG expanded its portfolio by adding the IK Energy unit, which provides sustainable solutions for the built environment and has established a specialised department for tendering to better serve its customers in this market. The firm completed several notable projects in the past 12 months, including the Infinity Bridge in Dubai, a water tunnel for a water transition sector organisation in KSA, the refurbishment of the Doha West Sewage Plant, and the rehabilitation of a massive reservoir in Makkah. It also completed MEP works for King Faisal Specialist Hospital and Riyadh Metro, as well as the supply and application of concrete pavement at AlUla Airport. In addition, the firm noted that it handled the design, build, procurement, testing, commissioning, and handover for the construction of the car park and the four skywalk bridges at King Abdullah Financial District. Furthermore, it has established a new division, the Digital Construction Unit (DCU), to lead the digital transformation of the construction industry in Saudi Arabia. The company upholds a set of core values that are integral to the company’s operations, including diversity, integrity, progressive development, and collaboration, among others. These values are crucial to KCG’s success as a leading construction firm in the region. 10 KABBANI CONSTRUCTION GROUP| TOP 30 SAUDI CONTRACTORS | 28 Securing the number 10 spot is Saudi Binladin Group (SBG), a Jeddah-headquartered contractor associated with some of the biggest projects in the kingdom. Established in 1967, SBG was a subsidiary of the Binladin International Holding Group (BIHG), which was founded in partnership with Istidama Holding Company, an entity related to Saudi Arabia’s Ministry of Finance. Rooted in the Binladin family’s 90- year construction legacy, BIHG was formed to navigate the family’s robust portfolio through a new era in Saudi Arabia’s history. The group has been undergoing a transformational programme in order to establish a hefty financial and operational platform from which it can capitalise on the sizeable market opportunity for major construction projects. BIHG has identified a significant market opportunity, with approximately $266.6 billion of new contract awards expected by 2025 alone. Some of its most notable projects include the Holy Mosque expansion, King AbdulAziz International Airport, King Abdullah Economic City, Al-Faisaliyah Tower, among others. 13 SAUDI BINLADIN GROUP (SBG) Spearheaded by CEO Yasser Abuateek, Makkah-headquartered Umm Al Qura for Development & Construction Company was established with a developmental vision in mind. Having been active in the kingdom for over 20 years, the company has successfully immersed itself in planning a series of synergistic real estate developments in Jeddah and Mecca. Some of Umm Al Qura’s most notable projects include the King Abdul Aziz Road Development and 10 new residential A contractor that has successfully developed its reputation throughout the years, AlKifah Contracting Company, was founded more than 35 years ago and has persistently maintained the same foundation of integrity today. KCC has proved its resilience over the years, not only through its wide spectrum of services, but also because of its highly qualified teams. During the past year, AlKifah secured construction contracts that put them on the radar. Currently, the company is working on the King Fahd towers at its Masar development within Makkah City. Located on a 1.25 million m2 area, the Masar project comprises of a 3,650 metre-long boulevard that acts as a natural extension of the Makkah mosque. Moreover, Umm Al Qura also saw a significant achievement in the past 12 months after the launch of Alinma Makkah Real Estate Development Funds carrying an investment value exceeding $4.5 billion. The launch announced the development and University of Petroleum and Minerals Business Park, a $1.5 billion megaproject located in Dhahran, KSA. Some of its other projects include EPC industrial building works in Riyadh, and nine apartment buildings in the Jubail development. On another note, AlKifah also proved its resilience after working, delivering, and closing projects during the COVID-19 pandemic. Despite difficulties encountered in terms of labour, construction of seven hotel towers and two commercial complexes within the Masar development. logistics, and supply, AlKifah was able to handle operations by digitising its supply chain and simplifying its goals. 11 UMM AL QURA FOR DEVELOPMENT & CONSTRUCTION COMPANY 12 ALKIFAH CONTRACTING COMPANY| TOP 30 SAUDI CONTRACTORS | 29 Mofarreh Al-Harbi & Partners Co. (Mofarreh) is a leading contracting company based in Dammam, Saudi Arabia, with branches across the country, including in NEOM and Riyadh. With over 200 projects completed for clients such as Saudi Aramco, Ma’aden, RCJY and PIF, the contractor has been expanding its structure and expertise, since its establishment in 1977, while maintaining a focus on delivering high-quality services that exceed client expectations. The company achieved several significant successes in 2022, including the completion of 13 projects. It also has 23 projects under its supervision, at present. Over the last 12 months, the firm has completed 12 projects for various clients. These projects included early works for SEVEN in Madina, Tabuk, Yanbu, Abha, and Riyadh. In NEOM, the contractor has carried out massive earthworks for The Line, as well as infrastructure and road works for The Spine, luxury villas in Sindalah, and turnkey offices for the developer’s airport. It has also carried out earthworks for Oxagon, and site preparation works at the Gulf of Aqaba. Other projects included road and bridge work in Jubail and environmental earthworks in Ras Al Khair, among others. In 2022, the firm also focused on digital transformation and technology adoption, including establishing a new department with an expert team for digital transformation, improving drone surveying technology, using BIM for all new projects, and developing a quality management system, amongst a number of other initiatives. The company also assigned a sustainability manager in the NEOM area and pursued a modern orientation of prefabricated workshops while providing a scoring system/classifying according to the quality and merit of each department’s input to track performance. According to Mofarreh’s senior management, commitment to providing excellent customer service and aligning projects with Vision 2030 initiatives has helped the company tremendously. In addition, the firm has also committed to responsible business practices, such as implementing green construction methods and sustainable energy usage, to contribute positively towards building a better future while creating jobs and protecting the environment simultaneously. 14 MOFARREH Next >