Having built up a list of local construction firms working on the giga-projects, GSN has analysed the shareholding records for several contractors, using data provided by Diligencia in a partnership to help sharpen understanding of those involved. It shows that the companies most heavily involved are often decades old, with the exception of Saudi Real Estate Infrastructure Company (Binyah). They are mainly in private hands (Red Sea International is an exception) and often held by generations of the same family.
Al-Bawani: A ‘significant presence’
Alkifah: Red Sea EPC contractor
Almabani: Kamal Adham’s creation
Binyah: Doing well from PIF contracts
El Seif: Merchant family’s prudent stance
Nesma & Partners: Survivors from an earlier boom
Sajco, CCE AND Satco: Other players
Saudi giga-projects
Published in July 2021, this map of Saudi Arabia indicates international airports as well as the various giga-projects under development across the country. Read more.
