The world’s richest Arabs
Sun 15 Dec 2013 04:47 AM
Ziad Manasir

Ziad Manasir

Country: Russia (Jordan)

Wealth: 2.58 Billion

To say Ziad Manasir has made a name for himself in Russia — not a traditional destination for Arab expatriates — is something of an understatement.  Jordanian-born Manasir travelled to Russia on a student exchange programme at just 19 years old before deciding to make the country his home. In 1996 he established Stroygazconsulting, which has grown from a small firm erecting single buildings and structures, to one of Russia’s largest construction holding companies.

The firm employs over 63,000 people and operates around 30 production units that span the former Soviet countries, the Middle East and the Gulf. The firm has close ties with Russian energy giant Gazprom and has expanded into pipelines, roads and other infrastructure construction. Manasir, who tends to shun the limelight, was awarded the Order For Merit to the Fatherland this year by Russia, for his career achievements and work on the Eastern Siberia-Pacific Ocean oil pipeline.