50.richest.arabs.2016-21.Mubarak Al Suweiket
Posted inUncategorized The World's 50 Richest Arabs 2016

Mubarak Al Suweiket

Al Suweiket and his Trading and Contracting Company have become a leading force in Saudi Arabia’s construction industry, as well as other sectors. With its vast experience in the building industry, Al Suweiket has been credited with a number of high-profile projects in the kingdom. The last decade has seen the company broaden its business base, namely the establishing of the oil, gas and pipelines services division, educational services, legal consultations and the establishment of many industrial ventures.

The family company made headlines in the kingdom in 2012 when it unveiled Dhahran Tower, the tallest tower in the Eastern Province. The conglomerate has offices in Al Khobar, Riyadh, Jeddah, across the Middle East region and in Europe. Its expansion outside the kingdom has seen it undertake international interests in different sectors such as education, energy, general trading, travel and transportation, catering and life support, agriculture, family and labour.

A sign of Al Suweiket’s success and wealth is his interest in superyachts and his bid to introduce the concept fractional ownership to the Gulf. He told the recent Shared Ownership Fractional Summit Middle East he believed the idea “is a concept which has significant potential for the region.”

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