ArabianBusiness.com - Middle East Business News
Wednesday, 25 November 2009 06:24 UAE time
 
48#  Mohammed Al Suwaidi  - picture not available
48# Mohammed Al Suwaidi

Net Worth: US$ 790 Million
Country of Residence: Saudi Arabia
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Al Suwaidi runs the company founded by his father, and there are strong rumours of a float - though no concrete signs yet. The group has a 7,000 strong workforce, with industrial services accounting for nearly have the US$135m a year annual turnover.

This has been boosted strongly by forays into construction, plant hire and IT. Although there is no progress yet on a public listing, the companys value has risen to US$190m in the past year. Early forecasts suggests that may even be a conservative figure once next years revenues come through.
 

 
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Gitex 2009