2015 Construction Week Power 100
Mon 15 Jun 2015 05:34 AM
Bakr Bin Laden

Bakr Bin Laden

Company: Saudi BinLadin Group

Designation: Chairman

Bakr Bin Laden has secured the number-one spot on Construction Week’s Power 100 list for the second year in a row, and with good reason. Bin Laden has spent the last 27 years at the helm of the GCC’s largest contracting company, Saudi BinLadin Group (SBG), which was founded by his father, Mohammed, in 1931.

You name it, SBG has built it. As the Saudi royal family’s builder of choice for more than 60 years, the firm’s portfolio boasts an array of airports, hospitals, universities, and high-profile projects in the holy cities of Makkah and Medina.

The contractor has completed numerous projects elsewhere in the Middle East, not to mention Africa and Asia, but the Kingdom remains its core market.

After signing a $1bn (SAR3.75bn) deal with Kingdom Holding Group in 2014, SBG became responsible for the construction of Jeddah’s Kingdom Tower, a 1km-high behemoth that will grow to become the world’s tallest skyscraper.

In April 2015, the family-owned construction giant won the contract to carry out early-stage works at Nshama’s Town Square, an affordable housing development situated in Dubai, UAE. As part of the contract, SBG will deliver the first phase of deep services, conducting excavation and backfilling applications for the pipes that will supply district cooling for the community’s Zahra and Hayat Townhouses. This work is expected to take 180 days to complete.

Back on home turf, May saw SBG scoop the main construction contract for Makkah’s $3.5bn (SAR13.12bn) Abraj Kudai, which is set to become the world’s largest hotel. During the same month, the contractor began marketing a 364-day sukuk, designed to raise up to $265m (SAR994m) for its coffers.

Impressively, all of this has transpired since Bakr Bin Laden last nabbed the Power 100 top spot in 2014. If the SBG president’s next 12 months prove as eventful, it’s going to take some tough competition indeed to unseat him.