Saudi Binladin Group
Saudi Binladin Group (SBG), one of Saudi Arabia’s largest construction companies, was established in 1967 as a subsidiary of Binladin International Holding Group (BIHG), which was founded in partnership with Istidama Holding Company, a subsidiary of Saudi Arabia’s Ministry of Finance.
BIHG is 36.22% owned by Istidama, an investment arm of the Saudi Arabian Ministry of Finance. The remaining 63.78% is owned by the Binladin Company for Development and Commercial Investment. Rooted in the Binladin family’s 90-year legacy within the construction and contracting industry, BIHG was formed to navigate the family’s robust portfolio through a new era in Saudi Arabia’s history.
The group has been undergoing a transformation programme in order to establish a strong financial and operational platform from which it can capitalise on the sizeable market opportunity for major construction projects in Saudi Arabia. BIHG has identified a significant market opportunity, with approximately $266.6bn (SAR1tn) of new contract awards expected by 2025 alone.
The Jeddah-headquartered contractor has been associated with some of the biggest projects in the Kingdom of Saudi Arabia. These include Holy Mosque expansion, King Abdullah Financial District (KAFD), King Abdullah Economic City (KAEC), and King Abdul Aziz International Airport, among others.
