REVEALED: 100 most powerful in Gulf construction

  • Share via facebook
  • Tweet this
  • Bookmark and Share
This year’s number one is Bakr Bin Ladin, chairman of the Saudi Bin Ladin Group (SBG), billed as the most successful construction company in Saudi Arabia.

This year’s number one is Bakr Bin Ladin, chairman of the Saudi Bin Ladin Group (SBG), billed as the most successful construction company in Saudi Arabia.

First of all, how was the listing compiled? Well, we have defined power as influence. Put simply, the more people you can influence, the more powerful you are. Earlier this year the CW team initiated the process of deriving at the ultimate Power 100 with a long list that almost twice its current length. We looked at every sector: developers, contractors, consultants, engineers, architects, designers, captains of industry and material suppliers.

Click here to view the full list...

Our editorial team closely studied the work they have been doing – the number of staff employed, revenues generated, profits earned, recent contracts won and projects in the pipeline, and overall presence and level of activity in the market. We also looked at how these individuals and companies responded to the continuing exigencies of the global economic crisis, what strategies they have adopted in order to continue to grow, and how flexible and adaptable they have been in the face of new challenges and obstacles.

We also examined the impact of technology and innovation, and leadership qualities and status, both in the region and on a global scale. Thereafter we refined our initial long list. The positions from 11 to 100 were chosen by the CW editorial panel. However, for the exact placing of the top ten, we used a voting system, with each member of our panel scoring 10 points for the individual they felt should be No.1, and so on. The more points, the higher the placing. We should make it clear, however, that the Power 100 is not a scientific survey, and purely represents our analysis and breakdown of power in the construction industry.

Click here to view the full list...

This year’s number one is Bakr Bin Ladin, chairman of the Saudi Bin Ladin Group (SBG), billed as the most successful construction company in Saudi Arabia, a market that is booming as it strives to meet its development goals, particularly in terms of housing and social infrastructure.

SBG made the spotlight this year with the announcement that it had been awarded the construction contract for Kingdom Tower in Jeddah, destined to be the world’s tallest building upon its completion in 2017. In addition, SBG has made a significant investment in the project itself, thereby putting its money where its mouth is, and also ensuring that this development will be the most closely followed of the next few years.

At number two this year is entrepreneur and philanthropist Said T. Khoury, chairman and president of Consolidated Contractors Company (CCC), which distinguished itself with its performance at the mammoth Princess Noura project in Riyadh. The company’s influence and geographical reach are formidable, with projects from Kuwait to Papau New Guinea.

Third on the listing this year is Arabtec chairman Riad Kamal. Arabtec is part of the JV that has been awarded the $3.2bn contract to build the Midfield Terminal Building at Abu Dhabi International Airport, one of the largest construction contracts awarded in the region to date. The UAE’s largest construction company by market value, Arabtec more than tripled its Q1 net profits, thereby showing considerable promise for future growth.

The Power 100 research team and editorial panel: Ed Attwood, Anil Bhoyrul, Stuart Matthews, Gerhard Hope, William Skidmore, Cathal McElroy, John Bambridge, Stian Overdahl, Hannah-Farah-Abdulla.

Click here to view the full list...

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Mall talk

Mall talk

Plans for Dubai’s Mall of the World have made headlines all over...

1
Qatar's labour requirements

Qatar's labour requirements

Qatar’s Supreme committee has published worker welfare standards...

2
$40bn housing deal may signal Gulf investment push into Egypt

$40bn housing deal may signal Gulf investment push into Egypt

Egypt's economy is recovering only slowly from the turmoil that...

Most Discussed
  • 23
    Why Qatar developers struggle despite construction boom

    Lets be fair, Dubai and Doha cannot be compared. Not only Dubai is ahead of Doha by more that 20+ years, but the UAE have the MENTALITY that Qatar unfortunately... more

    Saturday, 30 August 2014 1:43 AM - Mike
  • 7
    Saudi Arabia seeks talks on hiring of Sri Lankan maids

    I completely agree that Sri Lanka should not send any House Maids. Women should not be the solo breadwinner and destroy the life's of the children who... more

    Saturday, 30 August 2014 5:02 PM - Zaffe
  • 2
    Visitor beware

    It is absolutely disgusting to see the level of biasedness in this article and in AB in general.
    You pretty much slammed the entire 5-nations of the... more

    Tuesday, 26 August 2014 2:08 PM - RAH